Ocean Network Express Pte. Ltd. (ONE) and MTI Ltd. (MTI) have established a joint venture, QUAVEO Company Limited (QUAVEO), to accelerate the use of artificial intelligence (AI) in digital transformation initiatives, with an initial focus on the container shipping sector. The company was incorporated in December 2025 and is headquartered in Ho Chi Minh City,
ABB has signed contracts with Rotterdam Shore Power (RSP) to engineer and construct multiple shore power installations at the Port of Rotterdam. RSP is a joint venture between the Port of Rotterdam and Eneco. The combined systems are expected to be the largest shore power installations globally by total capacity, exceeding 100 megavolt-amperes (MVA). The
China has reached a major milestone in green shipbuilding with the delivery of the world’s first methanol dual-fuel, intelligent very large crude carrier (VLCC). The vessel, named New Explorer, was handed over on Monday in Dalian, Liaoning province. Constructed by Dalian Shipbuilding Industry Company (DSIC), a subsidiary of China State Shipbuilding Corporation, the VLCC was built
State-run Oil and Natural Gas Corporation (ONGC) has entered the specialised ethane transportation segment through a strategic partnership with Japan’s Mitsui OSK Lines (MOL), marking a significant expansion of its petrochemical supply chain. Under the arrangement, ONGC and MOL will form two joint venture companies, each owning one very large ethane carrier (VLEC). The partners
Jawaharlal Nehru Port Authority (JNPA) organised a stakeholders’ meeting on January 06, 2025, to deliberate on green initiatives and a range of strategic constraints related to the port’s future growth and sustainability. The meeting brought together key stakeholders including terminal operators and container shipping lines, to exchange views on emerging trends and operational preparedness. During
INOX Air Products (INOXAP), India’s leading industrial, electronic & specialty gas leader, has flagged off India’s first LNG-fuelled cryogenic tanker approved by Petroleum & Safety Organization (PESO), a part of Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce. Making use of a June 2025 amendment by DPIIT in the Static and
India is on the cusp of a major milestone in green mobility, with its first hydrogen-powered train expected to begin trial operations on the Jind–Sonepat route in Haryana later this month. The indigenously developed train is likely to be inaugurated by Prime Minister Narendra Modi, according to Dr Krishan Middha, Deputy Speaker of the Haryana
Union Minister for New and Renewable Energy Pralhad Joshi and Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday undertook a joint ride in a hydrogen fuel cell electric vehicle (FCEV), signalling the government’s ongoing focus on alternative fuel technologies and clean mobility. The demonstration involved the Toyota Mirai, a hydrogen-powered fuel cell
Japan’s largest shipping group Nippon Yusen Kaisha (NYK) has struck a fresh LNG carrier deal, teaming up with Norwegian tonnage investor Ocean Yield to order a new series of ultra-large vessels in South Korea. The partners have contracted four 200,000-cu m LNG carriers at HD Hyundai Heavy Industries, with delivery scheduled for 2028–29. The contracts
The Indian logistics sector, the backbone of our ‘Aatmanirbhar Bharat’ vision, is at a critical inflection point. As the country accelerates toward its Net-Zero 2070 commitment, the immense task of decarbonizing logistics—which currently accounts for an estimated 13.5% of India’s total Greenhouse Gas (GHG) emissions and where road transport contributes over 88% of these sector-specific