Recent research has revealed that Himalayan glaciers that melt into lakes are losing significantly more ice than suggested by previous assessments. The exact loss of these lake-terminating glaciers in the Greater Himalayas has been underestimated by 6.5%. The most significant underestimation was seen in the Central Himalayas, which has lost 10% more glaciers, as per
South Korean shipyard Samsung Heavy Industries Co. said it has bagged a 674.5 billion-won (US$517 million) order to build two liquefied natural gas (LNG) carriers for an Asia-Pacific shipper, according to Yonhap. Samsung Heavy said in a regulatory filing that it will deliver the vessels to the undisclosed shipping company in stages by November 2026.
India has cut all windfall tax on crude oil from 3,500 rupees ($42.56) per tonne. The windfall tax on diesel was cut to Rs 0.50 per litre from Rs 1 previously. As on April 4, only diesel carries a windfall tax while crude, ATF & petrol will not attract any such levies. India had in
The share of clean sources in India’s power generation capacity should surge to 90% by 2047 — more than double from now — for the nation to meet its climate goals, Power Secretary Alok Kumar said. The country will need to reduce the share of coal, which currently accounts for about half of its installed
The company says setting up a green hydrogen unit at Panipat is more economical. “At present, IOC is setting up a 7 KTA green hydrogen plant and associated facilities in Panipat, and there is no plan to set up such facilities in Mathura,” it said. This marks a departure from the oil refiner’s original plan.
With 110 gigawatts (GW) of solar photovoltaic (PV) module capacity set to come online in the next three years, India will become self-sufficient and will be the second-largest PV manufacturing country after China, says a new joint report from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics. The report
Singapore, the world’s top bunkering hub, is getting the infrastructure in place for shipping’s future fuel mix where methanol will play a significant role. Local firm Consort Bunkers has just contracted China Merchants Jinling Shipyard to build six 6,500 dwt methanol bunkering tankers while compatriot Global Energy Group is set to receive its first 4,000
Denmark’s J. Lauritzen has signed a letter of intent with Tsuneishi Shipbuilding for the construction of at least two methanol dual-fuel kamsarmax bulk carriers. The 81,200 dwt vessels, capable of running on green methanol and biodiesel, will be among the very first zero-emission capable bulkers in the world, J. Lauritzen said. The units will be
A joint venture between TotalEnergies and India’s Adani group has been developing the 5 million tpa facility A newly-built liquefied natural gas import facility at Dhamra port near India’s eastern coast has received its first cargo, with joint-venture partners Adani group and French giant TotalEnergies expected to commission the facility within weeks. The traction comes
The airline’s 2022 Sustainable Development Report outlines its determination to cooperate and innovate with partners to lead change. As the Cathay Pacific Group continues to make important strides towards becoming a sustainability leader, it is pleased to announce the release of its 2022 Sustainable Development Report, which underscores the Group’s ongoing commitments and progress in