Inconsistencies of IMO’s Annual Efficiency Ratio laid bare

Criticism has been heaped on the International Maritime Organization-approved Annual Efficiency Ratio (AER), the key measure to define how ships fare when the Carbon Efficiency Indicator (CII) starts in just over a year time. The December in-depth feature looks at the demands of tomorrow’s workforce. Company culture needs to change dramatically in order to attract

How sea shipping has many inherent advantages over other forms of logistics

The global logistics industry accounts for a massive share of carbon emissions. To put it, an perspective estimated 7% of global carbon emissions result from logistics operations and freight. Notably, the carbon footprint activities need to be lowered by at least 20% to achieve the Paris Accord goal of attaining net-zero emissions between 2050-2100. Companies

Cummins and Sinopec ally to produce green hydrogen

Cummins Inc. and China Petrochemical Corporation, owned by the Sinopec Group, announced the formation of a 50:50 joint venture through Cummins Enze Hydrogen Technology Co., Ltd to develop green hydrogen. The joint venture will accelerate the affordability and availability of the fuel through increased technological innovation, research and development, as well as manufacturing capacity. Cummins

Scrubber carbon capture conversion tests show signs of success

Scrubber manufacturer Langh Tech, which doubles up as a shipowner via sister firm Langh Ship, has started researching the possibility of carbon capture onboard vessels. The first tests have been successfully performed onboard one of Langh Ship’s fleet, utilising the existing Langh Tech hybrid scrubber installed onboard. Langh Tech has conducted several preliminary tests of

Green corridors: A lane for zero-carbon shipping

The shipping sector is the lifeblood of global trade, accounting for approximately 80 percent of all trade, with further growth expected. The sector also represents about 3 percent of total CO2 emissions—an amount that, if unchecked, could rise by as much as half by 2050. Recognizing the need for climate action, the International Maritime Organization

Pak Oil refineries shutting down production due to massive import of HSFO

The local oil refineries are shutting down their production due to massive import of High Sulphur Fuel Oil (HSFO) by the government and low demand from the power sector. Pakistan Refinery Limited has become the third one to announce its closure following Byco Petroleum Pakistan Limited (BPPL), now renamed as Cnergyico Pk Limited, and National

Shipbuilders accelerate drive to make eco-friendly vessels

A growing number of shipbuilders are turning to eco-friendly vessels as the shipping industry will face strengthened requirements on carbon emissions in the coming years. Shipping accounts for about 3 percent of the world’s annual carbon emissions. The International Maritime Organization has ordered shipping companies to cut their greenhouse gas emissions by at least 30

Saudi Aramco CEO warns of anxiety if investment in fossil fuels is cut sharply

Amin Nasser, CEO of Saudi Aramco, the world’s largest oil producer, urged world leaders on Monday to continue investing in fossil fuels that warm the world. The assumption that we can move to clean energy “evening” is “terribly flawed.” In a statement at the World Oil Conference in Houston, Texas, Nacelle said that moving to

Essar to develop Stanlow terminal into UK’s largest biofuel storage hub

Essar Energy-owned Stanlow Terminals Limited (STL) announced that it will make investments over the next three years to develop the UK’s largest biofuels storage hub. The major investment is a key pillar in Stanlow Terminals’ strategic objective to become the UK’s largest bulk liquid storage and energy infrastructure solutions provider. It will deliver 300,000 cubic

WinGD’s engines will run on methanol from 2024 and ammonia from 2025

Swiss engine designer WinGD, a leading developer of two-stroke low-speed gas and diesel engines used for propulsion power in merchant shipping, said that its engines will be able to run on methanol and ammonia from 2024 and 2025 respectively. WinGD’s multi-fuel solutions will be based on its well-established diesel-fueled X engines and dual-fuel X-DF engines.