IOC to invest $9.35 mn to raise Digboi refinery capacity

State-owned Indian Oil Corporation (IOC) will invest over $9.35 mn (Rs 740 crore) to raise the capacity of the nation’s oldest oil refinery at Digboi in Assam. IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities at an estimated

NCL to operate two new container ships for Elkem

Elkem has entered into an agreement with North Sea Container Line AS (NCL) who will charter in two new container ships enabling carbon neutral operations from MPC Container Ships to further improve Elkem’s North Sea logistics. The agreement will also enable NCL to become the first container vessel operator in Norway to put methanol-powered ships

Oil refineries in Pakistan not ready to import Russian oil

The National Refinery Limited in Pakistan has excused from the import of Russian crude oil.   The refineries in the country showing their limitations said that the transportation cost, increase voyage time, low/no capacity to process it, payment procedure and the long-term contract with Middle Eastern suppliers are the main hurdles in the way of

APC agrees to recoat Chemfleet tankers

Advanced Polymer Coatings (APC) has agreed with Turkish ship management firm Chemfleet   to recoat ten tankers. The new contract followed a third special survey of the chemical tanker fleet, which takes place after APC’s MarineLINE tank coating system had been in place for 15 years. The tank coating needs to be recoated to maintain its

Vestas to explore world’s first hydrogen-powered CTV

The world’s first hydrogen-powered crew transfer vessel (CTV) is being developed by Vestas in association with Windcat Workboats, part of Compagnie Maritime Belge (CMB), as a pilot program. The project is aimed at exploring to see how it can help reduce carbon emissions from offshore service operations. The CTV is powered by a dual-fuel solution,

Vale develops design for multi-fuel bulkers

Vale, the Brazilian miner, has developed a design to include multi-fuel tanks on iron ore carriers. The system, which could see the bulkers chartered by Vale adapted to store liquefied natural gas (LNG), methanol and ammonia, has been developed in partnership with Norwegian companies Brevik Engineering and Passer Marine and verified by the classification society

Europe receives marine fuel from Dansuk

Dansuk, a South Korean biodiesel producer, supplied 3,000t of sustainable marine fuel (SMF) to the Netherlands this month. It is the company’s first export to Europe. The company produces 50,000 t/yr of SMF at its Pyeongtaek and Siheung factories in Gyeonggi province. The SMF is a blend of fatty acid pitch and acid oil pitch

First LNG dual-fuel Suezmax oil tanker delivered in China

Built by China Guangzhou Shipyard International (GSI), the world’s first LNG dual-fuel Suezmax oil tanker was delivered in southern China’s Guangzhou. The 158,000-dwt vessel is the largest LNG dual-fuel green tanker in south China.The vessel is about 274 meters long, 48 meters wide, and 23.7 meters deep. It meets the Tier III emission standards promulgated

ETS scheme for shipping gets nod in European Council

Environment ministers in the European Council (EC) have agreed to include maritime shipping emissions within the scope of the EU emissions trading system (ETS), part of the “Fit for 55” package. The scheme aims to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. The Council agreed to phase in

MHI, ANRPC agree to introduce hydrogen in to oil refining

Mitsubishi Heavy Industry (MHI), a Japanese engineering firm, and Alexandria National Refining and Petrochemicals (ANRPC) from Egypt plan to introduce hydrogen into the oil refining process at ANRPC’s refineries to cut CO2 emissions. MHI has signed an agreement with ANRPC on the hydrogen introduction. MHI will convert the existing boiler at ANRPC’s refinery that currently