Finnish technology group Wartsila has signed an optimised maintenance agreement with the Canadian ferry operator Societé des Traversiers du Quebec (STQ) for two LNG-fueled ferries. The five-year long-term deal specifically covers two vessels: the Jos Deschenes II and the Armand Imbeau II. The 92-meter-long passenger LNG-fueled ferries are part of the Canadian Province of Quebec’s
As carbon-intensive petroleum-derived fuels pose serious climate risks to the planet, turning to biomass to derive fuel makes sense but not in the conventional sense of directly burning wood, cow dung cakes, and coal, but as a source of energy-dense fuel. Now a team of researchers at the Indian Institute of Technology (IIT) Madras is
Singapore bunker prices have risen strongly in recent weeks on the back of firm crude benchmark prices, and are further buoyed by strong spot demand and tighter availabilities of cargoes and barges. The premium of delivered very-low sulphur fuel oil (VLSFO) bunkers over the cargo market has averaged $23.26/t so far this year, triple more
Port of Rotterdam Authority and BigMile are developing a digital platform to identify transport-related emissions in the port. Data, including from AIS, a system that registers all vessel movements, is combined with a TNO calculation model, enabling a precise calculation of transport sector emissions. The platform also provides insight into emissions at a business location,
Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. “I cover Big Oil. I’m a supermajor guy,” the 63-year-old said.
Shipping company Unifeeder has bunkered its first 100% biofuel, from energy company VARO at the Dutch bunker hub of Rotterdam, the companies said in a statement Feb. 8. The transaction adds momentum to growing volumes of biofuel bunkered at Rotterdam as shipping tries to decarbonize. “Being able to operate our vessels on 100% biofuel is
U.S. offshore vessel operator Harvey Gulf International Marine reports taking another step in its sustainability effort giving it the world’s first carbon neutral Platform Supply Vessel (PSV). With the introduction of biogas into its operation, Harvey Gulf continues an effort that began seven years ago when they became the first company in North America to
Shell has signed a Letter of Intent (LOI) for cooperation on a marine fuel cell demonstration with Doosan Fuel Cell and KSOE (Korea Shipbuilding & Offshore Engineering). Announced today (7 February), the partnership will see the three companies build a consortium for developing and testing marine fuel cells. The trio is planning to operate a
The U.S. Energy Information Administration increased its forecast for 2022 fuel ethanol production in its latest Short-Term Energy Outlook, released Feb. 8. The forecast for 2023 ethanol production was maintained. The EIA currently expects U.S. ethanol production to average 1.03 million barrels per day this year, up from the 1.02 million barrels per day forecast made
Mitsubishi Shipbuilding Co., Ltd., a Yokohama-based member of Mitsubishi Heavy Industries (MHI) Group, has concluded a contract with Sanyu Kisen Co., Ltd., a Kobe-based enterprise principally engaged in management of ships navigation in Japanese as well as foreign waters, calling for the construction of a demonstration test ship to transport liquefied carbon dioxide (LCO2) in