VECV partners with Baidyanath LNG to deploy 500 LNG trucks

VE Commercial Vehicles (VECV) Limited, a joint venture between Volvo Group and Eicher Motors, signed an agreement with Baidyanath LNG Pvt Ltd for the deployment of 500 Eicher Pro 6055 LNG trucks. The agreement was finalized during the Bharat Mobility Global Expo 2025. The initiative aims to expand the use of liquefied natural gas (LNG)

LNG powers unprecedented year for orders of alternative-fuelled vessels

According to the latest data from DNV’s Alternative Fuels Insights (AFI) platform, the maritime industry’s exceptional newbuilding year 2024 drove a significant rise in orders for alternative-fuelled vessels. A total of 515 such ships were ordered, representing a 38% year-on-year increase compared to 2023, underscoring the industry’s growing commitment to decarbonization. The growth in alternative-fuelled

Newbuilds returning to LNG amid green methanol shortages

The World Economic Forum estimates that since 90% of global trade occurs in the ocean, seagoing boats are responsible for nearly 3% of global greenhouse gas emissions. Although there are differing views on how to do this, the shipping industry is committed to stepping up its efforts to reach the Global Maritime Forum’s aim of

LNG exports grow at slowest pace since 2015

Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to meet rising demand. Annual LNG shipments are set to rise 0.4% to roughly 414 million tons this year. Delays to US projects and sanctions against Russia’s newest facility curbed new supply into the market.

Swan Energy, AG&P to form JV for LNG ops, storage unit

Swan Energy has signed a preliminary agreement with Singapore’s AG&P Terminals & Logistics to form a joint venture (JV) to enable supply of liquefied natural gas (LNG) in India and other countries. Swan Energy will hold a 51 percent stake in the JV and AG&P LNG will own the remaining.  The transaction is subject to

GTT gets class nod for three-tank LNG carrier design

Lloyd’s Register has granted an approval in principle (AiP) for GTT’s new 200,000-m³ LNG carrier concept, featuring slow-steaming navigation and three tanks instead of the traditional four.  The 200,000-m3 LNG carrier design offers environmental and economic advantages, including approximately 27% reduction in voyage-based emissions intensity and a decrease in unit freight cost by up to

LNG dual-fuel vessels lowest cost compliance solution to decarbonise shipping: SEA-LNG

Industry coalition SEA-LNG analysis shows that LNG dual-fuelled vessels provide the lowest compliance cost for meeting EU and IMO decarbonisation regulations. Using Z-Joule’s POOL.FM, SEA-LNG has undertaken analysis based on a modelled mid-sized, 14,000 TEU container vessel. This analysis is in the form of both a single vessel and also an eight-vessel fleet operating the

Monjasa gearing up to introduce LNG bunkering operations in UAE

Marine fuels supplier Monjasa has chartered its first dedicated LNG bunker vessel which is expected to be deployed in the United Arab Emirates (UAE) in January 2025. As disclosed, Monjasa chartered Green Zeebrugge, NYK’s 2017-built LNG bunker vessel with a 5,000 cubic meter capacity, in Amsterdam in November 2024 as it prepares to introduce LNG

WinGD to supply 16 dual-fuel engines for eight LNG carriers

WinGD has received an order for 16 X-DF dual-fuel engines for eight liquefied natural gas (LNG) carriers after a late-stage switch by a major ship owner. The order was received relatively late in the newbuilding planning phase as operational and delivery concerns arose around the engines originally selected, according to WinGD. Despite the timing, close

GAIL and “K” LINE agree to a long-term charter agreement for an LNG ship

Through the Singapore-based ship-owning business, GAIL (India) Limited and Kawasaki Kisen Kaisha, Ltd. (K LINE) inked a long-term charter agreement for a new LNG vessel. “K” LINE has 40 years of experience transporting LNG. With a tank capacity of 1,744,000 cubic meters, the LNG ship will be a contemporary two-stroke vessel constructed by Samsung Heavy