ABS and HD Hyundai, formerly known as Hyundai Heavy Industries, have penned a comprehensive memorandum of understanding to continue working together on autonomous navigation technologies for shipping. The scope of the deal builds on the previous strategic framework agreement that the companies signed in 2022 under which ABS worked with HD Hyundai subsidiaries, Avikus and
Petrobras carried out the first bunker filling with renewable content in Brazil. At the Rio Grande Terminal (Terig), in Rio Grande do Sul, the vessel “Darcy Ribeiro”, from Transpetro, was fueled with the new fuel with a lower carbon footprint, a mixture of 90% in volume of fossil-based bunker fuel and 10% by volume of
Port authorities of Rotterdam, Antwerp and Zeebrugge have taken an important step toward improving transparency and reliability in the ARA bunker market by agreeing to mandate the use of a bunker measuring system (BMS) for bunker supply vessels. The International Bunker Industry Association (IBIA) in an announcement said that it welcomed news on the move
Swan Energy Ltd acquired erstwhile Anil Ambani group company Reliance Naval & Engineering (RNEL), plans to turn itself into the biggest private player in the manufacture of naval defence and oil and gas vessels. It will also aim to be the largest player in green ship-breaking, ship repairing and a hub for global manufacturing in
About 47 percent of all foreign direct investment into Oman is British, with the energy sector playing a vital part. British flag-bearers bp and Shell – and a whole ecosystem of UK energy companies, including SMEs from across the UK – heavily contribute towards a sector that underpins 77 percent of Omani state revenue. COP26
The Korean shipbuilder signed agreement with Estonia’s Elcogen to jointly develop SOFC and water electrolysis systems Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai Co., has decided to develop fuel cells for marine power generation and secure eco-friendly hydrogen production technology with Europe’s largest research institute and fuel cell parts
ATOME Energy said it had completed the purchase of the 30-hectare site earmarked for the Villeta green hydrogen project in Paraguay. Local bank Sudameris Bank provided a commercial mortgage for the acquisition, which is tailored to dovetail with cash flows from the project. Elsewhere, ATOME added that the Front End Engineering Design (FEED) study is
Addressing virtually at the Sugar and Ethanol Conference, Minister of Road Transport & Highways, Nitin Gadkari said there is a need to decarbonise the transport sector of India as it has the potential to become a torch-bearer in bio-fuels. He stated that the Indian transport industry has fulfilled 80 per cent of its fuel usage
Caterpillar Inc announced the company is investing in Lithos Energy, Inc., a U.S.-based battery technology company that produces lithium-ion battery packs. Headquartered in San Rafael, California, Lithos specializes in designing, engineering and manufacturing shock resistant and high performance battery solutions for applications including off-road and marine. Caterpillar’s investment in Lithos further demonstrates Caterpillar’s commitment to
Indo-Bangla Friendship Pipeline (IBFPL) will carry fuel from Assam-based Numaligarh Refinery Ltd’s (NRL) marketing terminal at Siliguri in West Bengal. The 130-km long project is constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month. The mechanical works of the bilateral project, being funded by India, was completed on