INMEX SMM India, South Asia’s most awaited maritime event is back with its 13th edition from 4th to 6th October 2023 at the Bombay Exhibition Centre, Mumbai. With 200+ exhibitors, it’s renowned as a central hub for maritime growth, knowledge exchange, and innovation. While leveraging India’s strategic location along major shipping routes and its extensive
Seaside LNG, an LNG production and maritime transportation logistics provider, announced its industry support of SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG pathway for shipping’s decarbonization. Seaside LNG is the only company with integrated shoreside liquefaction, LNG storage, and bunkering capabilities in North America. The company maintains the largest
SINGAPORE is set to step up its efforts to develop quality and standards in areas such as greenhouse gas reporting, decarbonisation and renewable energy in the next two to three years. Among the local standards in the pipeline are a methanol and ammonia bunkering standard, which will cover refuelling, operational and safety requirements for the
A joint venture is developing the first dedicated liquefied natural gas (LNG) bunkering facility for ships in the U.S. Gulf amid efforts by the maritime industry to find cleaner fuel solutions. Shipping, which accounts for nearly 3% of global CO2 emissions and is under pressure from investors and environmental groups to accelerate decarbonisation, is exploring
Airbus will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions. The eSAIL, developed by the Spain-based firm bound4blue, creates as much as six to
The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and Australia. The P4I project aims to spearhead Malaysia’s decarbonizing effort in the maritime industry and to foster inclusive growth
Saudi Aramco announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil. The company seen as the jewel of the Saudi economy said it would acquire a minority stake worth $500 million in MidOcean Energy, which is managed by the US investment firm
Union Minister for Road Transport and Highways Nitin Gadkari, during a press conference in New Delhi, said by 2025, there’ll be a mandate to use 1% sustainable aviation fuel, with plans to escalate to 5% blending in India in the future. Gadkari says he is a strong proponent of creating an “ethanol economy” and that
The United Nations Conference on Trade and Development (UNCTAD) has called for a “just and equitable transition” to a decarbonized shipping industry in its Review of Maritime Transport 2023 launched ahead of World Maritime Day. The agency highlights the pressing need for cleaner fuels, digital solutions and an equitable transition to combat continued carbon emissions
The current newbuilding cycle is proving remarkably persistent, with demand for containerships and LNG carriers consistently exceeding expectations over the last year. MSI’s Q3 shipping market reports illustrate how the upward pressure on newbuilding prices has been maintained. Although there was a divergence in the rate of increases between different ship types last year, prices