Orders for vessels with dual-fuel engines increasing

As prices of low-sulfur fuel oil touched an all-time high recently, the demand and orders for dual-fuel vessel has been increasing. Most of the shipowners are opting for LNG-powered ships in order to meet environmental regulations. The three major South Korean shipbuilders received orders for 154 vessels, and those include 68 ships in which LNG

Three South Korean companies to work with Petrolyn Chemie to build green hydrogen plant

Korea Electric Power Corporation, its subsidiary Korea Western Power and Samsung C&T Corporation, have signed an agreement with UAE-based Petrolyn Chemie for the construction of a $1bn green hydrogen and ammonia production plant in the UAE. The project will contribute to the reduction of the UAE’s carbon footprint and support the country in achieving its