Singapore bunker hub posts decline in fuel sales for Aug

Marine fuel sales at Singapore, the world’s largest bunker hub, posted a 2.3% monthly decline in August due to softer demand for key conventional fuel grades, data showed. Athough marine biofuel sales reached a monthly record high. Volumes for conventional bunker fuels softened for key grades month-on-month, as some spot demand got diverted to other

Nitin Gadkari proposes turning garbage into value

Union Minister Nitin Gadkari emphasized the importance of monetizing waste to both safely dispose of it and generate revenue, suggesting that garbage should become so valuable that people vie for the right to acquire it. Speaking at an event organized by Akhil Bharatiya Sthanik Swarajya Sanstha, Gadkari highlighted the role of waste monetization in enhancing

LR releases 3rd alternative fuels report

In the third report in its “Fuel for thought” alternative fuels series Lloyd’s Register evaluates Liquefied Petroleum Gas (LPG). LR explores the current state of LPG as a fuel for shipping, the classification society said in its media release. LR says that LPG is already a widely available fossil fuel that offers emissions benefits compared

Active shift in fleet composition toward more sustainable fuel alternatives

According to the latest ABS research, geopolitical instability, scalability of fuel production and retrofits to existing vessels are key factors impacting the shipping industry’s journey to net zero by 2050. The sixth in an annual series, the 2024 Outlook, Beyond the Horizon, Carbon Neutral Fuel Pathways and Transformational Technologies, investigates carbon-neutral fuel pathways and transformative

GCMD releases white paper on maritime EET retrofits

The Global Centre for Maritime Decarbonisation (GCMD) released its latest whitepaper on maritime energy efficiency technologies (EET) retrofits. According to GCMD, commercial barriers that are a result of business-as-usual operations in the industry are limiting the scaling of energy efficiency technologies in shipping. It explored the data-financing gap that is plaguing EET adoption and how

Braya renewable diesel refinery begins operations

The Braya Renewable Fuels refinery in Newfoundland and Labrador has started operations, giving the facility a second life as a production site for renewable diesel. Owned and operated by Braya Renewable Fuels, it was formerly the Come by Chance petroleum refinery. In November 2021, Dallas-based private equity firm Cresta Fund Management acquired a controlling interest

EH Group joins H2MARINE project to develop maritime fuel cells

EH Group is a proud member of H2MARINE, a co-funded initiative by the EU’s Clean Hydrogen Partnership and SERI (Switzerland). The project is committed to innovation in hydrogen technologies, focused on the development of next generation PEM fuel cell stacks for marine applications. It entails the comprehensive process of designing, assembly, and testing of FC

Dry bulk lags behind in green investments

Dry bulk stands out among the major shipping sectors as the least willing to invest in green new tonnage. According to data from AXS Marine, so far only 3% or 915 vessels are equipped with dual fuel propulsion from the total global bulk, tanker and containership fleet of 30,487 ships. AXS Marine statistics show how

Stena Oil commences operations at new marine fuel terminal

Marine fuels supplier Stena Oil has commenced operations at the new fuel terminal at the Port of Frederikshavn in Denmark where a newly built bunkering vessel that handles various types of fuels, including biofuels and methanol, will be deployed. To mark taking possession of the terminal, Stena Oil’s wholly-owned subsidiary, Stena Terminals, signed the takeover

NTPC inks pact with EIL for green fuels

NTPC Limited has signed an MoA with Engineers India Limited (EIL) wherein NETRA (the R&D centre of NTPC Ltd.) can take up collaborative projects in the domain of carbon capture utilization and storage (CCUS), green fuel, green chemicals including green hydrogen, green ammonia etc, green fertilizers, bio-fuels, decarbonization, waste handling, water, ash etc. leading to