Shipping could face shortage of carbon-neutral fuel by 2030: DNV
PORTS & SHIPPING

Shipping could face shortage of carbon-neutral fuel by 2030: DNV

An expected shortfall in the availability of carbonneutral fuel means the shipping industry should widen its scope to include onboard carbon capture and nuclear options, Norwegian ship certifier DNV said. The industry has been testing a number of cleaner fuel options, including ammonia and methanol,...

An expected shortfall in the availability of carbonneutral fuel means the shipping industry should widen its scope to include onboard carbon capture and nuclear options, Norwegian ship certifier DNV said. The industry has been testing a number of cleaner fuel options, including ammonia and methanol, as well as trialling wind sails in an effort to look for new solutions away from dirtier bunker fuel. Shipping transports around 90 per cent of world trade and accounts for nearly three per cent of the world?s carbon dioxide emissions. With expensive carbon-neutral fuels, the industry needs to keep exploring technologies such as wind-assisted propulsion, air lubrication systems, onboard carbon capture and nuclear propulsion.

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Infrastructure Transport

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

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Infrastructure Transport

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..

Next Story
Infrastructure Transport

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..

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