FMG set to receive redesigned locomotives from Wabtec for emission reduction

Fortescue Metals Group (FMG), a leading company in the  iron ore industry, set receive the first tranche of locomotives rebuilt by Wabtec., a US rail giant. The locomotives provide greater efficiency and help meet the company’s aggressive emissions reduction targets. The first 12 of 28 rebuilt GE AC44C6M locomotives are due to arrive at Port

CMA CGM chooses methanol ship

France’s CMA CGM has made its first methanol orders, following in the footsteps of Denmark’s Maersk. The company has so far been most heavily investing in LNG propulsion. The Marseille-headquartered firm has revealed in its Q1 report further fleet expansion, which takes its orderbook to 69 ships. As well as confirming orders for 10 smaller

Private refiners from India profiting from Cheap Russian Crude

India’s private refiners are tapping cheap Russian crude and getting profits from exports. However, on the other hand, the state refiners are getting squeezed by high oil costs and government-capped domestic fuel prices. When many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and

HAV Group’s energy system design gets nod from DNV

HAV Group has received the preliminary design approval from DNV for its hydrogen-based energy system for cruise ships. The Norwegian technology provider’s system was developed as part of the FreeCO2ast project and it uses liquefied hydrogen storage and fuel cells. The approval by DNV can makes HAV Group enter the final design stage and is

ONE orders for 10 green fuel-ready container ships

Ocean Network Express (ONE) has ordered 10 13,700 teu containerships from Hyundai Heavy Industries (HHI) and Nihon Shipyard Ltd. The order is split equally between HHI and Nihon Shipyard and the ships are slated to be delivered by 2025. Newbuilding orders are designed to help reduce the container line’s carbon footprint. The orders form part

NYK and PowerX to work together for marine decarbonisation

NYK, a Japanese shipping firm, has entered into a partnership agreement with Power X Inc, a company that develops a sustainable energy ecosystem with integrated energy storage products. As per the agreement, both companies will focus on R&D projects including marine ESS, power transfer vessel ‘Power Ark,’ battery-powered vessels, ship electrification, and zero-emission ports. The

Wärtsilä, Anglo-Eastern reach major milestone in joint project

Wärtsilä Voyage, part of the technology group Wärtsilä, and ship manager Anglo-Eastern are proud to announce a significant milestone in their joint project to improve safety and environmental sustainability at sea. As of April 2022, more than 500 vessels in Anglo-Eastern’s fleet have been fitted with Wärtsilä Voyage’s Fleet Optimisation Solutions (FOS), a cutting-edge decision

Silk Alliance created for green corridors in intra-Asia trade

The intra-Asia trades, container shipping’s pipelines, are set to get the green corridor treatment. ‘Silk Alliance’, named after the famous Silk Road, brings together shipowners including Mediterranean Shipping Co (MSC), Pacific International Lines (PIL), Wan Hai Lines, X-Press Feeders, Yang Ming Marine Transport Corp; shipyard, Keppel Offshore & Marine; bunker logistical supplier, Singfar International; engine

Port of Virginia comes up with carbon-neutral plan for 2040

The Port of Virginia expects to meet all of its operational electricity needs from clean-energy resources by 2024. The port is moving forward with its goal of becoming completely carbon-neutral by 2040. The port is already sourcing some electricity for its on-terminal cargo operations from renewable sources. The port is already using electric equipment in

ARDA says refining sector accounts for 3% of global energy emission

According to the African Refiners and Distributors Association (ARDA) the refining sector only accounts for 3% of the global energy sector emission. This was revealed at the second Refining and Specifications Virtual Workshop organised by the ARDA and monitored by Investors King. According to them, as the fuel combustion accounts for 80% of refinery carbon