Josep Borrell, the European Union’s foreign policy chief, has said that the bloc will act against the importation of Indian petroleum products that use Russian oil, in rare explicit criticism of India’s role in helping Russia evade Western sanctions amid the war in Ukraine. India has emerged in the past year as a top buyer
Stolthaven Terminals has signed a Memorandum of Understanding (MoU) in Australia to explore the commercial feasibility of establishing a green methanol bunkering hub at Port of Melbourne in Victoria. The MoU, led by Port of Melbourne, also includes Maersk, ANL (a subsidiary of CMA-CGM), Svitzer, HAMR Energy and ABEL Energy. Together, the companies will examine
Wild Rose Leader, an LNG-fueled pure car and truck carrier (PCTC) owned by Japanese shipping company NYK, has taken part in the first ship-to-ship LNG bunkering operation at the port of Nagoya. Wild Rose Leader with LNG bunkering ship Kaguya. Courtesy of Central LNG Marine Fuel Japan Corporation Delivered in April 2023, Wild Rose Leader
First Hydrogen has revealed its fuel-cell-powered light commercial vehicles (LCV) currently being trialled are performing ‘better than expected’. Fleet management provider Rivus is evaluating the operation trials, which in its first phase of commissioning, saw the LCVs accumulate over 6,000km on UK roads. The mileage enables First Hydrogen to gather performance data, such as fuel
Rethink Energy predicts the green hydrogen market to reach a $850 billion valuation in 2050, driven by the installation of over 5 TW of electrolysis capacity. The report highlights the importance of approximately 650 GW of electrolyzer manufacturing capacity and expects cumulative sales of $2 trillion, resulting in a significant return on the $111 billion
Sales of marine fuel, also known as bunker fuel, recovered in April at the UAE’s Fujairah after hitting record lows in March, latest Fujairah Oil Industry Zone [FOIZ] data showed. Bunker sales at Fujairah provide a gauge of shipping market sentiment in the middle east, as Fujairah is the world’s third-largest bunkering port and a
Wärtsilä is to supply the reliquefaction system for a retrofit project on an LNG carrier converted to operate as a floating storage unit (FSU). The vessel, the Energos Grand, is owned by Stamford, Conn., headquartered based operator Energos Infrastructure, and is being chartered by New Fortress Energy. The Wärtsilä Compact Reliq system allows the boil-off
The roundtable themed, ‘The Roadmap for Unlocking Maritime Sustainable Opportunities’, identified critical issues facing the sector.
India cut windfall tax on petroleum crude to zero from Rs 4,100 per tonne with effect from May 16. The windfall tax on petrol, diesel and aviation turbine fuel (ATF) was left unchanged at zero. In early May, the govt had slashed windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400
Adelaide based Indian-Australian Dr Gurpreet Kaur, a senior scientist at CSIRO and a strong advocate for clean energy, is leading the team.