Vestas, a Danish wind turbine maker, has joined forces with crew transfer vessel (CTV) operator Northern Offshore Services (NOS) to explore how the world’s first methanol-powered CTV can help reduce carbon emissions from offshore service operations. The CTV, provided and developed by N-O-S, will be powered by a dual-fuel solution, capable of being powered by
The GST Council has made the recommendations relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST. As per the Council recommendations, GST on husk of pulses reduced to nil from five per cent. Besides, the Council also recommended reduction of GST on Ethyl alcohol or
The Reach stacker and marine crane manufacturer Kalmar is to work with Toyota Tsusho America, and environmental engineering consultancy Ricardo on a project to develop fuel cell powered equipment, starting with its marine terminal tractors. As part of the project, a Kalmar customer in the USA will take two Kalmar Ottawa terminal tractors powered by
Porsche and several partners have started production of a climate neutral “e-fuel” aimed at replacing gasoline in vehicles with traditional internal combustion engines. The German automaker, owned by Volkswagen, said that a pilot plant in Chile started commercial production of the alternative fuel. By mid-decade, Porsche is planning to produce millions of gallons of the
Caterpillar Marine is partnering with Jackson Offshore Operators to pilot an integrated hybrid energy solution that will help the Louisiana-based offshore marine services firm reduce fuel consumption and diesel exhaust emissions on board one of its platform supply vessels (PSV). The solution, which will include a new energy storage system (ESS) to compliment the vessel’s
Heavyweight shipowners and charterers, including Mediterranean Shipping Company (MSC), A.P. Moller – Maersk, Oldendorff Carriers, Trafigura and Vitol, have strongly criticised BIMCO’s Carbon Intensity Indicator (CII) operations clause, which makes charterers contractually responsible for the CII performance of their hired ships. New regulations on the carbon intensity of international shipping will come into force on
Japan’s Mitsui OSK Lines (MOL) and state-run GAIL (India) Ltd have signed a time charter contract for a newbuild liquefied natural gas (LNG) carrier, and for joint ownership of an existing LNG carrier. The newbuild vessel will be built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (042660.KS) with a charter period from 2023,
Marine pump specialist Svanehøj marks the end of a remarkable 2022 with a significant order of 98 electric cargo pumps for seven LNG-/LBG-fueled chemical & product tankers. The client is the joint venture-company FureBear. Swedish Furetank AB and Canadian Algoma Central Corporation have entered into a joint venture agreement to construct eight LNG/LBG-fueled ice class
Greenzo Energy India Ltd is planning to invest $50 million for the development of a 250 MW manufacturing plant of electrolysers and the Balance of Plant (BoP) for generating green hydrogen at Sanand-II Industrial Estate, a part of Gujarat Industrial Development Corporation (GIDC), Gujarat. However, the manufacturing facility is expected to be completed by March
Fortescue group is has announced new plans to produce green steel on a commercial scale – and without burning fossil fuels. Fortescue has signed a memorandum of understanding with Austria’s only crude steel producer, voestalpine, Mitsubishi Corp and Primetals Technologies aimed at designing and engineering an industrial-scale prototype plant with a new process for net-zero-emission