SK Incheon Petrochem Launches South Korea’s First B30 Biofuel Marine Fuel to Support Maritime Decarbonisation

In a significant move towards cleaner maritime operations, SK Incheon Petrochem has introduced South Korea’s first B30 biofuel-based marine fuel, aligning with global efforts to cut greenhouse gas emissions in the shipping sector. The company began supplying the B30 fuel on April 26, marking a milestone in its commitment to sustainable energy solutions. The newly

NYK Concludes Contract for a Dual-fuel Methanol VLCC for Idemitsu Tanker

NYK concluded a contract for the construction and charter of a very large crude oil carrier (VLCC) (hereafter, the “Vessel”) equipped with a main engine that can use methanol as a next-generation fuel. The vessel, which will feature a large shaft generator, will be constructed by Nippon Shipyard Co., Ltd. (Nippon Shipyard) and engaged in

Infra, investment shortages jeopardize EU’s decarbonization goal: Report

According to the Draghi study on the future of European competitiveness, the shipping industry is one of the most challenging sectors to decarbonize, while easy access to sustainable marine fuels is a major priority. According to estimates, shipping will need investment of over €40 billion a year between 2031 and 2050 in order to meet

Valencia port to support ship electrification project

The project, which is being coordinated by the Tecnalia Research & Innovation Foundation and involves Fundación Valenciaport, has a budget of approximately 7.5 million euros and is partially funded by the European Climate, Infrastructure and Environment Executive Agency’s (CINEA) Horizon Europe program. In order to eliminate the need for transformers and cooling systems on ships,

Wärtsilä lifecycle agreement will support decarbonisation goals of new Baleària ferry

Technology group Wärtsilä has signed a ten-year Lifecycle Agreement with Spanish ferry operator Baleària. The agreement covers Baleària’s new high-speed aluminium structure catamaran Ro-Pax ferry, the Margarita Salas, which recently entered service. The ship was built at the Astilleros Armon Gijon yard in Spain. It operates with four Wärtsilä 31DF dual-fuel engines, four Wärtsilä WXJ hydraulic waterjets,

NYK bets on carbon removal credits to meet emissions goals

Japan’s NYK Group becomes the latest shipping conglomerate to bet on carbon removal credits from the financial year 2025-26 onwards to meet its long-term decarbonization goals. The move by NYK, one of the world’s largest shipping companies by fleet size, comes shortly after another Japanese shipping conglomerate Mitsui O.S.K. Lines, or MOL, recently entered into

Biofuel can deliver significant GHG emissions reductions: DNV

According to DNV’s latest white paper, “Biofuels in Shipping,” key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future. With biofuel use expected to increase, the paper also highlights the

India poised to become major SAF producer

According to the International Air Transport Association (IATA), India is on track to become a major producer of sustainable aviation fuel (SAF), leveraging its abundant ethanol resources and other feedstocks. With efforts underway to cut emissions, the country could even emerge as a regional hub for SAF production, boosting global decarbonisation in aviation. Hemant Mistry,

Cement sector must innovate to achieve net-zero emissions

Cement production accounts for 7-8 per cent of global greenhouse gas emissions, making the sector a key focus area for sustainability efforts and highlighting the need for innovation to achieve net-zero goals, an official said. “Cement consumption in India stands at approximately 250 kg per capita, far below the global average of 500 kg. With

Rotterdam issues first continuous methanol bunkering permit

Port of Rotterdam and Tankmatch have granted the first continuous permit for methanol bunkering, formalized on December 18, 2024, following successful trials of its safety and viability. This development positions methanol as a sustainable marine fuel and advances the port’s strategy for decarbonizing shipping. The permit signifies a shift from project-based methanol bunkering to routine