A dual-fuel LNG shuttle tanker ordered by Knutsen NYK Offshore Tankers AS, which is an affiliate of NYK, was delivered at Daewoo Shipbuilding & Marine Engineering Co. Ltd. The vessel has been named Frida Knutsen. The shuttle tanker will be chartered to ENI Trade & Biofuels S.p.A, a subsidiary of Ente Nazionale Idrocarburi S.p.A, and
Mitsui OSK Lines (MOL) has announced the launch of a joint study on bunker fuel with Japan’s National Institute for Environmental Studies (NIES). Under a three-year project, MOL and NIES will carry out fuel quality analysis and research for the safe operation of machinery on vessels. MOL plans to link the study with big data
The world’s largest and first dual-fueled LNG ISO tank carrier, the Tiger Bintulu, has made Bintulu Port its maiden port of call. Bintulu Port Sdn Bhd (BPSB) said the 192-metre-long vessel arrived at BPSB’s Bintulu International Container Terminal carrying 400 units of empty LNG ISO tanks. The vessel belongs to Tiger Gas Group. Bintulu Port
James Fisher and Sons plc and Abu Dhabi’s NMDC Group have signed an MoU to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide. The collaboration will enable James Fisher and NMDC to expand their capabilities jointly in offshore wind,
The Maritime & Port Authority of Singapore (MPA) and the Port of Rotterdam inked a memorandum of understanding to establish the green and digital corridor on the sidelines of the biennial World Cities Summit in Singapore. As per the deal, both parties will develop the world’s longest green shipping corridor for low and zero carbon
The government has once again revised the newly-introduced windfall tax levied on crude, diesel and jet fuel (ATF). The tax on domestically produced crude oil has been raised to ₹17,750 ($226.14) per tonne from ₹17,000 per tonne, while export taxes on jet fuel has been cut to zero from ₹4 per litre. The excise duty
Indian Oil Corporation (IOC) is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonization drive. The nation’s largest oil firm is setting up green hydrogen plants at its Panipat and Mathura refineries, IOC said in its latest annual report. The
NYK and Astomos Energy Corporation have participated in a marine biofuel demonstration project launched by the Global Center for Maritime Decarbonisation (GCMD), a non-profit organization aiming to promote decarbonization of the maritime industry. Biofuels can be used without remodeling the existing ship’s engines and infrastructure. Furthermore, although biofuels generate CO2 when combusted, they are considered
Petronas has joined six South Korean companies to carry out conceptual and feasibility studies toward establishing a full value chain related to carbon dioxide (CO2) capture, transport and storage. The company has penned a memorandum of understanding with construction firm Samsung Engineering, shipbuilder Samsung Heavy Industries (SHI), energy players SK Earthon, SK Energy, GS Energy
A group of researchers has succeeded in converting methane into methanol using light and dispersed transition metals such as copper in a process known as photo-oxidation. According to an article reporting the study published in Chemical Communications, the reaction was the best obtained to date for conversion of methane gas into liquid fuel under ambient