Algoma Central Corporation has commissioned Hyundai Mipo Shipyard in South Korea to build two 37,000 dwt ice-class product tankers in a deal worth around $96m. The vessels will deliver in the first quarter of 2025 and go on a long-term charter with Irving Oil under the Canadian flag, servicing the energy company’s refinery in Saint
Using long-term price benchmarks for ammonia, methanol and LNG as a marine fuel, SEA-LNG has calculated the cost of compliance with FuelEU Maritime regulations for a typical 14,000-TEU newbuild container vessel coming into operation in 2025.
Sales of gasoline, used in passenger vehicles and two-wheelers, fell 3.8% to 1.31 million tonnes in the first half of June from the same period a month ago, the data showed.
The KG-Basin is a petroliferous margin basin and is spread over more than 50,000 square kilometres in the Krishna rriver and Godavari river basins in Andhra Pradesh.
The consortium consists of four Korean companies, a French firm and a Thai corporate. POSCO holds a 28% equity in the group, followed by Samsung Engineering Co.’s 12% and the two Korean state-run power companies’ 24%.
The Part 199 apply to New Zealand commercial vessels and recreational boats that operate in the sea. Vessel and boat owners have a part to play in protecting our marine environment, and we can all help to reduce the impact of climate change.
A new 58-page report from the bank suggests a carbon tax in shipping alone could raise $40bn to $60bn each year between 2025 and 2050, money which could be used to speed the decarbonisation of the shipping industry as well as boosting port infrastructure, especially in developing countries.
This joint venture was created following a study carried out jointly with Airbus in 2021 focusing on feasibility studies to facilitate the introduction of hydrogen planes in approximately 30 airports around the world.
This is enough to supply the battery needs of around 850,000 electric vehicles (EV), with the potential to double production capacity to meet growing EV demand and requirements for high-grade, locally refined lithium chemicals, according to Livista.
According to statistics, India has an annual production capacity of primary aluminum of 4.1 million tons, accounting for 6% of total global production, of which 56% is for export