The technology demonstrating a pilot-level experiment has already shown to the world its efficacy and now Indian nuclear scientists are eagerly waiting for the day when they will commission India’s first and a unique full-scale prototype fast breeder reactor, which is based in Kalpakkam in Tamil Nadu. The cutting-edge nuclear energy technology is unique in
On December 2, 118 countries signed a renewable energy pledge at the ongoing COP28 climate summit to triple the world’s green energy capacity to 11,000 GW by 2030, thereby, reducing the reliance on fossil fuels in generating energy. According to the “Global Renewables and Energy Efficiency Pledge”, countries have to “double the global average annual
In 2023, the net absorption for warehousing and light manufacturing demand is estimated to reach 39 mn sq ft. The growth trend is expected to continue, with demand to increase by 16.6% to reach 61.5 Mn Sq.ft. and the supply correspondingly increasing to 61.9 mn sq ft. by 2026, which will be an increase of
The World Shipping Council (WSC), liner shipping’s lobby group, has taken on the rallying call made at COP28 a week ago by some of its largest members and sent the International Maritime Organization (IMO) a paper outlining its four “cornerstones” critical to an effective IMO greenhouse gas agreement. In arguably the single largest shipping headline-grabbing
COSCO Shipping has signed up a series of its containerships for a methanol dual-fuel revamp at the Marintec China exhibition in Shanghai. COSCO Group shipyard COSCO Shipping Heavy Industry has selected Germany’s MAN Energy Solutions and Finnish marine technology provider Wartsila for the project. The deal covers four 13,800 teu and four 20,000 teu ships
The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU). To support the industry, shipping organisation BIMCO has developed a portfolio of new emission trading scheme (ETS) clauses. BIMCO’s documentary committee adopted a new emission trading scheme allowances clause for BIMCO’s ship management agreement,
Japanese shipowner Nippon Yusen Kaisha (NYK) has landed a long-term LNG charter deal with China Petroleum & Chemical Corporation (Sinopec). The contract will see NYK ship LNG to China for up to 23 years, beginning in 2024 or later. No further details have been disclosed. Sinopec has been working to secure vessels to facilitate the
The Union Minister for New & Renewable Energy and Power, R K Singh, recently disclosed that the National Green Hydrogen Mission is anticipated to foster the development of a significant 5 MMT (million metric tons) Green Hydrogen production capacity annually by 2030. This initiative holds immense potential to replace conventional fossil fuels, including natural gas,
Jindal Stainless Ltd (JSL), India’s largest stainless steel manufacturer, announced its proactive strides toward achieving a 50% reduction in carbon emissions well before the targeted year of 2035. The company showcased its ambitious decarbonization initiatives at the United Nations Confederation of Parties (COP) 28 climate summit for the first time, following an invitation from the
The CSL Group, a global leader in responsible marine transportation services, proudly announces a significant milestone in its Great Lakes biofuel program – one of the longest-running initiatives of its kind in the maritime industry. With a cumulative 75,000 running hours on B100 biofuel over the past four years, CSL ships have made significant strides