Ballast water management system specialist Ecochlor has signed a letter of intent with Greek bulker owner Diana Shipping and carbon capture and storage specialist Sinotech for the installation of a scrubber and CCS system onboard Diana Shipping’s 2014-built, 179,492 dwt capesize dry bulk carrier G.P. Zafirakis. This system is designed to capture 25% of the
UK-based owner Purus Marine has placed an order for two very large ethane carriers (VLECs) at HD Hyundai Heavy Industries in South Korea. The 98,000 cu m units will deliver in 2026 and 2027 for a price tag of $170m each, according to a regulatory filing by HD Korea Shipbuilding & Offshore Engineering, the shipbuilding
Finding non-fossil sustainable resources which could replace traditional fuels should be a priority objective because “we are approaching a climate tipping point,” President Droupadi Murmu said while addressing a conference organised by the Aeronautical Society of India (AeSI) to commemorate its 75th Anniversary. The President added that to reduce the carbon footprint, “we need to
The richest one percent of the global population are responsible for the same amount of carbon emissions as the world’s poorest two-thirds, or five billion people, according to an analysis published by the nonprofit Oxfam International. While fighting the climate crisis is a shared challenge, not everyone is equally responsible and government policies must be
Greece’s Evalend Shipping has doubled its orderbook of liquified natural gas carriers with two more units at HD Hyundai Heavy Industries in South Korea. UK shipbroking giant Clarksons has named the Kriton Lendoudis-led diversified owner behind the $530m deal for 174,000 cu m ships expected to deliver in 2027 and 2028. The Athens-based company marked
Ships in European Union seas could face significant fines not only for oil spills, but also for sewage and garbage discharge, transport and tourism committee MEPs said. The committee voted to update EU rules on preventing pollution from ships in European seas and ensuring perpetrators face fines. It would ensure all international standards on preventing
Around 90% of everything we consume is moved by sea and maritime transport is responsible for around three per cent of global CO₂ emissions. According to Siemens Energy, due to these revised IMO standards, thousands of container vessels, yachts, and ferry operators worldwide will need to replace their heavy fuel oil and diesel generator drive
One of the key aspects of India’s climate strategy is the pledge to achieve net-zero emissions by 2070. Given that energy production is a major contributor to greenhouse gas (GHG) emissions, focusing on cleaner and more sustainable energy sources is paramount. Fortunately, India is blessed with abundant biomass resources, positioning the country favourably for sustainable
Brazilian state-controlled energy giant Petrobras has signed an agreement with Maersk’s future fuel supplier, European Energy, to evaluate e-methanol business opportunities. A non-binding memorandum of understanding signed in Denmark will see the two companies work towards developing an e-methanol plant in Brazil. Petrobras said the deal fits with its 2024–28 strategic plan to ensure the
US-listed Greek liquefied natural gas (LNG) shipping player GasLog has landed a $2.8bn sustainability-linked financing deal. The five-year agreement with 14 banks refinances all outstanding debt of $2.1bn secured by 23 LNG carriers across both GasLog and GasLog Partners. The loan, in which Citibank and BNP Paribas acted as joint coordinators, is linked to decarbonisation