Billionaire Gautam Adani’s coal mine in Australia, a project that’s become a global emblem for opposition to fossil fuels, is preparing to begin exports after more than a decade of bitter dispute over its development. Proposed in 2010 and stalled by legal challenges, financing setbacks and a sustained campaign from climate activists, the operation is
Shipping’s safety record has improved significantly over the past decade, with vessel losses down by 56 per cent between 2012 and 2020, according to a major new study by Lloyd’s List Intelligence and class society DNV. This is the result of increased digitalisation, modern class rules, and tighter regulatory supervision, among other measures. This positive
Oil prices are expected to stabilise near current levels over the next few months, then decline progressively over the course of next year, according to the latest forecasts from the US Energy Information Administration. The EIA expects output increases from OPEC+, US shale firms and other oil producers will outpace slowing growth in consumption, helping
The Commonwealth government says it will reach zero net emissions by 2050 through voluntary action and technology, not mandates or taxes. This is a false dichotomy. Emissions reductions in line with our international obligations require mandatory measures. Voluntary action supplements and extends mandatory measures – as it has done over the past decade. Prime Minister
Independent Power Producers (IPPs) are allegedly under-maintaining stocks of High Sulphur Furnace Oil (HSFO) and Low Sulphur Furnace Oil (LSFO), with reportedly all storages of power plants empty or having a back up of only 2 to 3 days at the moment, following which the Oil Company Advisory Council (OCAC) has requested the Petroleum Division
India has achieved the target of 40 per cent of its installed electricity generation capacity being from non-fossil energy sources, an official statement said on Thursday. At the end of October this year, the Ministry of Power (MoP) reiterated India’s commitment to achieve more than 40 percent cumulative electric power installed capacity from non-fossil-fuel energy
The CMA CGM Group and Shell have carried out their first bio-LNG bunkering trial in Rotterdam. The 1,400 TEU (twenty-foot equivalent unit) Containerships Aurora was bunkered by Shell with an almost 10% blend of low carbon bio-LNG while calling at the European bunker hub. The vessel received around 483 cubic metres (cbm) of LNG, 44
Maritime Partners in cooperation with Elliott Bay Design Group, e1 Marine, and ABB, today announced that the M/V Hydrogen One, the world’s first methanol-fuelled towboat, will join Maritime Partners’ fleet and become available for charter in 2023 to meet the pressing demand for sustainable towboat operations. Decarbonising the towboat sector poses substantial challenges, particularly due
Current barriers to the uptake of hydrogen as a ship’s fuel include the difficulties and costs of its production, distribution and on board storage. However, by producing hydrogen on board using readily available LNG, the solution could become far more viable and in a much faster time than otherwise. A group that has been working
The organisation that regulates shipping made little fresh progress toward decarbonising the industry during a series of meetings last week. The main outcome from talks hosted by the United Nations’ International Maritime Organization was agreement to revise, in 2023, its decarbonisation strategy – and that wasn’t really new. A non-binding proposal on zero emissions didn’t