Hydrogen Fuels Australia (H2FA) and CLARA Energy have agreed to plan and build a green hydrogen distribution network along the Hume Highway corridor. The project is worth about $600 million, with the first hydrogen refuelling station scheduled to open in 2025. The two companies have agreed to fast-track their joint development of up to five
Navios Maritime Partners has agreed to purchase two newbuild liquified natural gas (LNG) dual-fuel 7,700 teu containerships for $241.2m. The two boxships have been chartered-out for 12 years to an undisclosed liner at an average rate of $42,288 per day. The deal can be extended for an additional two years at $24,875 per day. The
ESL Shipping will become the world’s first shipping company to start utilising new low-emission Neste Marine 0.1 co-processed marine fuel in its vessels in Finland and Sweden. The ISCC PLUS certified marine fuel enables up to 80% reduced greenhouse gas emissions over the life cycle compared to fossil fuels, the fuel’s developer claims. Neste Marine
QatarEnergy signed a deal with ConocoPhillips COP.N for the Gulf state’s North Field East expansion, the world’s largest liquefied natural gas (LNG) project, following agreements with TotalEnergies TOTF.PA and Eni ENI.MI. Qatar is partnering with international companies in the first and largest phase of the nearly $30 billion expansion that will boost Qatar’s position as
The government’s decision to implement the ethanol blending target of 20% to 2025-26 from 2030 has brought an added optimism to sugar producers in the country. Now, under the renewed target, 10% blending of fuel-grade ethanol with petrol should happen this year, increasing gradually each year thereafter and reaching 20% by 2025-26. India’s sugar industry
China’s first indigenously built dual-fuel tanker powered by methanol has been delivered in Guangzhou City in south China’s Guangdong Province. The 49,900-deadweight tonnage (dwt) vessel, which runs on a methanol dual-fuel drive system, can be driven by four fuel modes: fuel, fuel hydrate, methanol and methanol hydrate. It is also equipped with a variety of
ABS has issued approval in principle (AIP) to Keppel Offshore & Marine for the ammonia-fueled ammonia bunker vessel at the heart of Project Sabre, an initiative from a consortium of leading maritime organizations to develop an ammonia bunker supply chain in Singapore. As well as ABS, the consortium includes A.P. Moller – Maersk, Fleet Management
ABS brought together UK maritime industry leaders to discuss the latest advances in sustainability and digital classification. The UK National Committee Meeting heard how the ABS-classed fleet had grown to 279 million gross tons and secured the number one position in global orderbook share. They were given a glimpse of the future of classification, with
The Ministry of Energy and Infrastructure has revealed that the UAE has joined the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE), which is a global collaborative initiative for the development and deployment of hydrogen and fuel cell technologies. It is the first Middle East nation to join IPHE global initiative on
The technology group Wärtsilä will supply its hybrid propulsion system for three new RoPax vessel currently built for Stena RoRo, Europe´s largest ferry company. Two of the ferries will have a battery capacity of 11.5 MWh, making them the marine industry’s largest hybrid vessels to date. This battery power is approximately double that typically being