First Ever Methanol-fuelled Towboat to join fleet in 2023

13 Dec 2021 CW Team

The world’s first methanol-fuelled towboat named the M/V Hydrogen One is all set to enter the water bodies along with becoming accessible for charter 2023 onwards, revealed by Maritime Partners. Commercially available, proven, and efficient technologies have been used for developing this towboat.

Hydrogen One is going to be IMO 2030 compliant along with the conditions of Subchapter M of the US Coast Guard.

The electrical propulsion plant for the towboat will be provided by ABB, a Swiss technology-based company. Whereas, the design of the ships is in the hands of Elliot Bay Design Group (EBDG) which is a Naval architecture firm.

The methanol-to-hydrogen fuel cell will be delivered by e1 Marine, a renewable energy company, it is considered that its consumption is going to be less than diesel generators by 35%.

The vessel performance will be at a standard operational speed which is 550 miles before refuelling, says EBDG. Furthermore, they added that the generation of on-demand hydrogen from methanol is much safer than the transfer and storage of hydrogen. Also, minimal training will be required for utilisation of this technology. The designs and technologies which were used in the development of the towboat are capable of suiting any vessel with the similar requirements.

Image Source

Also read: ABB Marine and Ports to build hydrogen-powered inland towboat

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..