A knowledge partnership between the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping and McKinsey explores what it will take for the maritime industry to decarbonize. Persistent logjams in the global supply chain have brought the shipping industry under intense scrutiny in recent months. Although much of the focus has been on devising solutions to
Singapore’s bunker fuel sales in 2021 rose by 0.3% on the year to 49.99mn t in response to strong high-sulphur fuel oil (HSFO) demand and record container throughput, according to the city-state’s Maritime and Port Authority (MPA). This is the second-highest total on record after the port of Singapore, the world’s largest bunkering hub, achieved
Expressing concern over the use of diesel in the construction industry, Union Minister Nitin Gadkari on Tuesday said the sector must work for substitution of the fossil fuel with alternative fuels like bio-ethanol, LNG and CNG, which will not only reduce hazardous emissions but also cut the huge import bill. Addressing an event organised by
Waiting until 2028, and then following the lead of others, is a very high-risk decarbonisation strategy. No single fuel and energy conversion technology is going to satisfy the requirements of every shipowner, so each must develop their own decarbonisation strategy and use 2030 targets to evaluate the solutions that could then take them through to
Sulzer technology is helping to convert bamboo into bioethanol in a pioneering Indian refinery. India’s national objective of achieving self-sufficiency in energy and reducing its fossil fuel footprint is being supported by Sulzer’s expertise in pump manufacturing and refinery processes. The country’s first biorefinery, Assam Bio Refinery, built by Chempolis technology, is a new joint
Senate Finance sent President Craig Blair’s mining mutual insurance company bill to the Senate floor, along with the bill dealing with bank boycotts of fossil fuel companies. SB 1 is the mining mutual bill. It explains that the state funds reclamation at abandoned mines through a combination of bond proceeds and money from the Special
This week’s world’s first shipment of liquid hydrogen from the port of Hastings in Victoria to Japan may prove as important to Australia’s future prosperity as the first shipment of iron ore to depart the Pilbara was in the 1960s. It marks an important milestone in the transition that Australia’s fossil fuel-based resource economy seeks
Oldendorff Carriers shared a research paper on a biofuel trial voyage which the company performed in 2021 with BHP, GoodFuels and the Maritime and Port Authority of Singapore (MPA). “The paper is prepared under our research agreement with Massachusetts Institute of Technology, exploring numerous alternatives for sustainable shipping, and peer-reviewed by the Royal Society of
As we head towards IMO2050, there is no doubt that the future of shipping will comprise a mix of fuel solutions and the shipping industry will need all of them to meet future fuel demands. We believe LNG has an important role, along with bioenergies and hydrogen-based fuels, in shipping’s energy transition. The adoption of
Oil giant Exxon Mobil announced that it aims to achieve net-zero greenhouse gas emissions by 2050. More specifically, it has the “ambition” to reach net-zero emission from its operations within the next 28 years. “We’ve got a line of sight,” Exxon’s chief executive, Darren Woods, said in an interview with the New York Times. “By