Refining cracks for fuel oil posted a weekly rebound in Asia as of Friday, while cash differentials were little changed from the previous day. October crack for 0.5% very low sulphur fuel oil (VLSFO) fell to a premium of $8.02 a barrel at 0830 GMT on Friday, though edging higher by 4% from last week, …
Asia Fuel Oil-Refining cracks post weekly rebound Read More »
Mitsui O.S.K. Lines, Ltd. (MOL) and Shell Marine Products Singapore, a business division of Shell Eastern Trading Pte. Ltd (Shell) have signed a Memorandum of Understanding (MoU) to agree a joint focus on advancement of alternative maritime solutions and managing carbon emissions liabilities holistically. The companies will harness their unique perspectives as a fuel supplier …
MOL and Shell Sign Collaboration Agreement to Advance Decarbonisation in Maritime Sector Read More »
The U.S. on Friday confirmed it disrupted in April a multimillion-dollar shipment of crude oil by Iran’s Islamic Revolutionary Guard Corps, seizing more than 980,000 barrels of contraband crude oil that violated U.S. sanctions. In a sanctions enforcement operation, the U.S. confiscated cargo onboard the Suez Rajan, a Marshall Islands tanker, which was carrying Iranian …
US says it disrupts illicit oil shipment by Iran’s IRGC, seizes contraband crude Read More »
ClassNK, Consort Bunkers Pte Ltd, Daihatsu Diesel Mfg. Co.,Ltd., Daikai Engineering Pte. Ltd., and SeaTech Solutions International (S) Pte Ltd. have concluded a Memorandum of Understanding concerning a joint study on an ammonia fueled ammonia bunkering tanker. The MOU was signed by representatives of all five parties with the presence of an official from Maritime …
Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames.
Share this article Van Oord and Ecowende, a joint venture of Shell and Eneco, have agreed to collaborate on the construction of the Hollandse Kust West VI offshore wind farm, with the contract(s) for the work to be signed later this year. The Boreas vessel; Photo courtesy Van Oord This will be the most ecological …
Van Oord to build Hollandse Kust West VI – ‘The most ecological wind farm yet’ Read More »
Industry associations, research centers and supported developers have all unanimously welcomed the results of the latest renewables auction in the UK – where 53MW of tidal stream projects won contracts – deeming the outcome a ‘resounding vote of confidence’ in the increasingly mature tidal energy sector. Orbital Marine Power’s O2 floating tidal turbine (Courtesy of …
Industry unites to praise ‘fantastic day’ for UK tidal energy sector Read More »
The UK has set its cap on pursuing energy security alongside decarbonisation to lay the groundwork for its transition to net-zero by 2050. While several things have been ticked off the list of items needed for this transformation into a green superpower, a lot of ground is still left to cover. In line with this, …
Classification society ClassNK has issued an Approval in Principle (AiP) for an onboard CO2 capture and storage (OCCS) system developed by China Shipbuilding Power Engineering Institute Co. (CSPI), a member of CSSC Power (Group) Co. (CPGC). ClassNK For a design concept of the system developed by CSPI, ClassNK conducted a review based on Part D …
CSPI’s onboard CCS wins ClassNK’s stamp of approval Read More »
BBVA se suma a la lista de empresas y entidades que respaldan la cuarta edición del evento disruptivo creado por el Consorci de la Zona Franca de Barcelona (CZFB), mostrando su apoyo y compromiso con la nueva economía y la promoción de la recuperación económica. Francisco Pla, director regional de BBVA en Cataluña, Pere Navarro, …
BBVA apuesta por BNEW y se estrena como patrocinador BEARTH del vertical de Movilidad Read More »
