Ammonia bulker startup Viridis Bulk Carriers and consortium partners have moved one step closer to realising a carbon free short sea transportation service comprising cargo, ships and fuel logistics as part of the project called FlexBulk. The project has been awarded NOK13.75m ($1.5m) in development funding from the Norwegian Pilot-E program, a collaboration between the
Placing climate change at the centre of its environmental policies, India took bold pledges in 2021 with Prime Minister Narendra Modi asserting at the crucial international climate summit COP 26 that it is the only country delivering in “letter and spirit” the commitments under the Paris Agreement. From pledging to become net zero emitter of
The global logistics industry accounts for a massive share of carbon emissions. To put it, an perspective estimated 7% of global carbon emissions result from logistics operations and freight. Notably, the carbon footprint activities need to be lowered by at least 20% to achieve the Paris Accord goal of attaining net-zero emissions between 2050-2100. Companies
The Ministry of Commerce of the People’s Republic of China (MOFCOM) on 23 December issued the 2022 Refined Oil (Fuel oil) Non-state trade import allowance application conditions, distribution principles and related procedures document. The import of fuel oil is subject to state-owned trade management, states MOFCOM. However, certain provisions between China and the World Trade
In a bid to increase its investment opportunities overseas, the Essar group via its exploration entity Essar Exploration and Production Ltd (EEPL) is investing in hydrocarbon block 114, located offshore of Central Vietnam. To be developed jointly with Ente Nazionale Idrocarburi (ENI), an investment of $300 million has been made in the project so far.
Emissions reduction pressure and sustainability goals will continue to mount as more fleets, consumers seek to reduce carbon footprint. As many of us do around this time of year, I’ve been reflecting on 2021 and thinking about what may happen in 2022. When it comes to alternative fuels, there’s a lot to consider. So here
Japan’s Sumitomo Corporation announced several new initiatives designed to further support the adoption of ammonia for maritime and other industries. The company plans to launch an ammonia-fueled dry bulk vessel within the next four years. They also plan to accelerate development efforts in Singapore through a partnership with Keppel FELS, a subsidiary of Keppel Offshore
Union Minister of Road Transport and Highways Nitin Gadkari has said that all vehicles will soon be able to run on ethanol and there will be more ethanol pumps in the country in future. While speaking at an event, the minister said that since petrol costs more than bio-ethanol, public will be able to save
Japan’s NYK has signed a multi-year time-charter contract with GAIL (India) for 2021-built 174,000 cm LNG carrier Grace Emilia. The vessel is equipped with a WinGD dual-fuel slow-speed diesel engine and can operate on marine gas oil or boil off gas stored in the cargo tank. “NYK had been in discussions with GAIL for time-charter
The collapse of Joe Biden’s Build Back Better legislation would have disastrous consequences for the global climate crisis, making it almost impossible for the US to comply with its greenhouse gas reduction pledges made under the Paris accords. The US president’s sweeping economic recovery and social welfare bill is in serious trouble after the Democratic