BIMCO drafts new clause to support biofuel use in time charters

BIMCO has launched a new subcommittee to develop a Biofuel Clause for Time Charter Parties, marking a proactive step toward addressing the legal and operational challenges posed by the growing use of biofuels in shipping.  With regulatory frameworks like the EU ETS, FuelEU Maritime, and the upcoming IMO Net-zero Framework measures reshaping fuel strategies, biofuels

KR celebrates arrival of innovative low-carbon sailing cargo ship

KR announces delivery of the groundbreaking low-carbon sailing cargo ship SV Juren Ae (IMO no. 1021245) to the Marshall Islands Shipping Corporation (MISC). Built under KR class in South Korea, this innovative vessel marks a significant milestone in sustainable maritime transport. Funded by the International Climate Initiative (IKI), the SV Juren Ae, a 48-meter-long, 300

TEIL integrates variety of eco-friendly strategies

Working in-line with the Government, Triveni Engineering & Industries Ltd (TEIL) is deeply committed to sustainability, integrating a variety of eco-friendly strategies and initiatives throughout its operations. The Company emphasizes energy efficiency, optimizes production processes, and incorporates environmentally friendly materials to minimize its environmental impact. TEIL is dedicated to environmental stewardship, continually assessing and implementing

Singapore aims 1 mln tons of low-carbon methanol bunker supply

Singapore has the potential to supply over 1 million metric tons of low-carbon methanol annually by 2030 to meet rising demand for alternative bunker fuel, a Singapore minister said. Singapore’s Maritime and Port Authority (MPA) late last year started seeking proposals from companies to supply methanol as a marine bunker fuel at Singapore from 2025.

Shell CEO plans to invest $15 bn in low-carbon solutions

The Shell CEO highlighted the multifaceted challenges facing the energy industry, stressing the necessity for cohesive efforts from governments, consumer demand, and corporate supply to drive scalable solutions in the low carbon space.Shell CEO Wael Sawan, on February 21, shared the company’s agenda to allocate a substantial sum, ranging between $10-15 billion, towards low-carbon solutions.

JSW Group partners with Coolbrook for low carbon emission

JSW Group, India’s leading and fastest expanding US$ 23 billion diversified business conglomerate, has entered into a strategic cooperation agreement with Coolbrook, a transformational technology and engineering company headquartered in Finland. This strategic partnership will focus on implementing Coolbrook’s RotoDynamic Heater™ (RDH™) Technology at JSW’s manufacturing sites at Vijayanagar Works in Karnataka, India, with the

CCS issues low-carbon development outlook for shipping

China Classification Society (CCS) released the “2023 Low-carbon Development Outlook for Shipping.” Two years ago, CCS released the “2021 Low-carbon Development Outlook for Shipping” at the North Bund Forum to explore the path for the shipping industry to achieve emission reduction targets.  In July 2023, the International Maritime Organization (IMO) passed the “2023 Strategy on

Vedanta launches first low-carbon green aluminium

Vedanta Aluminium, India’s largest aluminium producer, has made a significant stride in sustainable manufacturing by dispatching its first domestic supply of Restora, India’s inaugural low-carbon ‘green’ aluminium, to Global Aluminium Pvt Ltd in Telangana. In a landmark deal, Vedanta will supply 300 metric tons of Restora Billets, marking a key moment in the industry’s move

Essar Group’s EET Hydrogen initiates FEED for 1,000 MW plant

The project aligns with the UK’s low-carbon hydrogen initiatives and marks a pivotal step in Essar’s transition to a leading hydrogen producer, aiming to deliver 4GW of low-carbon hydrogen by 2030. Expected to be one of the world’s largest, this EET Hydrogen facility will annually produce 230,000 tonnes of low carbon hydrogen. Essar Group-led EET

TERI, Shell report calls India to develop low-carbon alternatives

A joint report by The Energy and Resources Institute (TERI) and Shell titled “India transforming to a net-zero emission energy system: A call to action to 2030” has highlighted the need for increasing electrification in ‘energy end use’ sectors and meeting electricity demand increasingly from non-fossil sources. These are among other measures that India should