Argus launched the world’s first independently assessed price for ship fuel that includes a biofuel component. The new B24 daily assessment reflects the market value of “bunkers” – as ship fuel is known – made up of 24% used cooking oil methyl ester (UCOME) and 76% very-low sulphur fuel oil (VLSFO), delivered-on-board in Singapore. The
According to a recent estimate from the Global Energy Monitor (GEM), a nonprofit research organisation, just 30 fossil fuel companies amount to almost half (43%) of the industry’s global methane emissions. The IEA estimates that by 2022, methane emissions from human activity will amount to 126 million metric tonnes, with 35% of those emissions coming
Selected Maersk e-delivery customers in Europe will be able to register for a new tool in February to trace and analyse the emissions of their international parcels. The Danish liner giant, which entered the European e-commerce logistics market in 2021 with the acquisition of B2C Europe, tapped German startup Cozero to develop analytics tools to
Houlder, a UK design and engineering consultancy, has conducted a fuel and propulsion feasibility study and concept structural design work on a 20,000-m3 liquid hydrogen carrier for oil major Shell’s International Trading and Shipping Co. The company said it used computational fluid dynamics analysis to verify and optimise its vessel concept design. Houlder recently acquired
Log-In Logistica Intermodal is partnering with Nautilus Labs for reductions in fuel consumption and carbon emissions, optimised operations, and successful digital adoption across the latter’s organisation. Nautilus’s solution was initially implemented on two container vessels of Log-In’s liner fleet that must adhere to strict ETAs. Both vessels leveraged Nautilus to maintain their ETAs, using just-in-time
Japanese energy giant ENEOS has officially opened its green hydrogen demonstration plant in Queensland. ENEOS will produce the green hydrogen using its patented electrolysis technology (Direct MCH), powered from renewable energy generated by an onsite 250 kW solar system. The hydrogen will be produced in the form of methylcyclohexane (MCH), so it can be stored
Hyundai Samho in South Korea has announced a $2.05bn order for 12 methanol-propelled large boxships – all due for delivery by the end of 2026. The yard did not reveal the identity of the owner, with Splash tipping CMA CGM and Maersk as likely repeat customers for this comparatively new method of propulsion. Analysis from
Onassis Foundation-controlled Olympic Shipping and Management (OSM) has become the first Greek ship owner and manager to partner with the Singapore-based Global Centre for Maritime Decarbonisation (GCMD), committing to a five-year collaboration to accelerate shipping’s decarbonisation. As an impact partner, OSM with a fleet of 18 crude oil tankers, will provide a cash contribution towards
The Economic Survey 2022-23, which was tabled in Parliament projected that India’s average emission rate would decline by 29 per cent by financial year 2029-30 (FY30), compared with FY15 levels. The CO2 emissions rate in FY15 was 0.73 kg per kWh (kilowatt-hour), which declined to 0.71 kg per kWh in FY18, and is expected to
Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after topping a record $1 trillion last year, according to a recent report from energy and renewables research group BloombergNEF. Investment in sectors such as renewables, nuclear, zero-emission vehicles or recycling projects totaled $1.1 trillion last