Green Shipping Fuels Myths The global liquefied natural gas (LNG) tanker fleet inclusive of floating storage units crossed the figure of 772 this year. Although LNG carriers have been capable of utilising boil-of-gas as a fuel for steam turbines for over fifty years it was not till the year 2000 that a non-LNG carrier vessel
China Leads in Renewables China has emerged as the leader in the development of renewable energy and by the year 2017, China’s wind and solar power capacity reached 168 GW and 130GW respectively, generating 5.3 percent of China’s electricity supply. Correspondingly in photovoltaic (PV) technology the price of PV modules decreased from about 30 Yuan
South Korea Offshore Oil & Gas Exploration Kicks off The South Korean government has approved a large scale project of offshore exploration and drilling in the reserve off Yeongil Bay in Pohang to tap the country's massive gas and oil reserves estimated at 14 billion barrels (bbls0 . This may turn out to be one
South Korea's Net Zero Delayed by its LNG Development & Expansion Korea's main LNG imports are from Qatar ,Uzbekistan and Yemen. Globally the liquefied natural gas (LNG) tanker fleet comprised of 734 vessels in the year 2022 including floating storage units. South Korea is the third largest LNG importing country with Korea Gas Corporation (KOGAS)
Floating Solar Panels Reduce Evaporation in Saudi Arabia Oasis Floating solar panels are eulogised as a remarkable innovation in the realm of renewable energy and water conservation and as a replacement for fossil fuel. By harnessing solar power on water reservoirs , lakes, and protected harbour areas these installations generate clean energy as well as
US Congressional Research Service US sanctions on Iran already ban most U.S trade , block Iran government's assets in the U.S. and prohibit U.S. foreign assistance and arms sales as per the Congressional Research Service . A large number of people and companies Iranian as well as foreign have been the subject of sanctions .
Embracing Green Shipping Conventional Shipping Sustainability from Carbon Emissions Perspective Sustainability is an integral component of the Maritime sector. Statistically the shipping industry contributes 3% of global CO2 emissions which is meagre when compared to road transportation at 17% where the transition towards a cleaner and green mode of road transportation has been relatively smooth
Coastal Barriers & Flooding at Thames Estuary Sophisticated Flood Barriers The development of the Thames Barrier ,which commenced in 1982, has protected UK since four decades and the astonishing part is that such an old technology maintains London as a global innovator against tidal and fluvial flooding.Whenever warnings are received of significant incoming tides mammoth
Insurance Costs Surge on Red Sea Routes Isn't it intriguing that only the major container lines and not tankers, LNG and bulk carriers have diverted from the Red Sea routes. A Suezmax tanker with a load of 750,000 barrels priced at $80/bbls is a cargo worth around $60 million. At a war risk insurance of
Bleak Future of Offshore Turbines Soaring inflation, rising energy costs and global temperatures have demolished any vision of achieving electricity generation of 70 % through renewable energy sources by the 2030's whether in the US or EU. Vested stakeholders within the US and EU underestimated the market of offshore turbines being rudely jolted by these
