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IMO 2050’s target to reduce GHG emissions by 70 per cent seems possible

emissions

This is according to a report by the International Renewable Energy Agency (IRENA) Though reducing carbon emissions are important for the maritime industry, time is a concern on adopting environmentally-friendly fuels. Moreover, migration rate can also be thwarted by costs – if shipowners are not inclined to invest just yet. …

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India’s latest COVID-19 surge casts further doubts on oil prices

Plummeting demand for diesel, gasoline, jet fuel and LPG questions previous forecasts To date, India’s COVID-19 infections numbers are inching closer to 20 million with many pessimistic about the country’s economic recovery. Much to sources’ surprise, India’s diesel, gasoline, jet fuel and LPG demand all declined in April from a …

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India’s soaring COVID-19 cases threaten oil prices

oil

Despite several oil recovery projections, India’s soaring infections cast doubts The Organisation of the Petroleum Exporting Countries (OPEC) projected a robust global demand in 2021. However, a sharp spike in India’s infections challenged the take. The country is currently experiencing its worst outbreak, with media reports noting the continual increase …

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Shell to conduct a feasibility study on hydrogen fuel for ships in Singapore

Image Credits: Shell Shell sets to pave the way for cleaner, hydrogen-powered shipping after a successful trial  Royal Dutch Shell announced their upcoming feasibility study with partners on hydrogen fuel cells for ships in Singapore. The inaugural study will set the foundations for hydrogen-powered shipping.  This came after Shell’s analysis …

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