Centre plans Guwahati Water Metro in Phase I of nationwide rollout: Union minister Sarbananda SonowalIndia is set to launch Water Metro services in 18 cities, with Guwahati leading Phase I. This initiative aims to transform waterways into e...
India's Rs 1.7 lakh crore fuel crisis may have found an unlikely fixIndia faces high energy import costs and a weakening ₹. A Monaco company, FOWE Eco Solutions, presents a water-based fuel emulsion technolo...
AI boom masks rising global energy risks, warns David RocheMarket veterans warn investors may be underestimating the long-term economic fallout from the Middle East energy crisis. While AI spending ...
India is making a big move to outflank China in Sri LankaIndia and China appear to be locked in an escalating energy rivalry in Sri Lanka. India plans a new energy hub at Trincomalee with the UAE,...
L&T arm signs green ammonia supply deal with Japan's ITOCHULarsen & Toubro's clean energy arm, LTEGL, has secured a long-term agreement with Japan's ITOCHU Corporation to supply 300,000 tonnes of gr...
L&T Energy GreenTech, Japan's ITOCHU ink long-term green ammonia supply dealIndian firm Larsen and Toubro's green energy arm has secured a major deal. It will supply 300,000 tonnes of green ammonia annually to Japan...
India, Singapore charting out roadmap for digital corridor, green shipping: officialIndia and Singapore are collaborating on a roadmap for digital corridors and green shipping infrastructure. This initiative aligns with glo...
Global markets face rising strain as supply chain tightens and oil risk persists: Neelkanth MishraGlobal supply chains are showing stress as inventories run dry. This is impacting manufacturing and even international aviation. Oil market...
Shipping data shows China trimming fuel exports, not haltingChina is reducing refined fuel exports, not banning them. Shipments to countries like Malaysia and Australia continue. April export cuts ar...
West Asia conflict: Govt to setup weekly monitoring mechanism to track exim trendsThe government is establishing a weekly system to monitor export-import trends and industry stress. This move addresses concerns over suppl...
West Asia crisis: Government plans weekly monitoring of EXIM flowsIndia's commerce ministry will launch a weekly system to monitor export-import trends and industry stress. This move addresses concerns ove...
Karnataka LPG shortage: Mandya auto drivers hit as fuel bunkers run drySeveral fuel bunkers across the city have remained closed for days, with "No Stock" boards displayed outside, leaving drivers unable to ref...
Asia struggles to find fuel oil as Middle East exports plummet, sources sayAsian fuel oil traders face supply challenges due to the Iran war disrupting shipments from the Middle East. They are now looking to Wester...
Oil ministry seeks IGST exemption for bunker fuelThe ministry's view is that no IGST should be levied on these foreign vessels as they only stop to refuel and move on, a government officia...
Government exempts customs and excise duty on use of bunker fuelsOne of the issues hindering the growth of coastal shipping has been the levy of customs and central excise duty on bunker fuels, said an of...
Adani Enterprises buys out 49% Glencore's stake in joint ventureAdani Enterprises and Chemoil Energy, a subsidiary of Glencore, had formed a JV, Chemoil-Adani Pte Ltd for supplying bunker fuel to vessels.
- Shipping Cos expect 20% rise in operational costs
Shipping companies face the prospect of a 20% increase in cost of operations as the price of bunker oil touched a record high of $650 per b...