Site items in: Asia

NYK Line: progress on tugboat conversion in Yokohama
Article

NYK reports the retrofitting of the LNG-fueled tugboat Sakigake has begun in Yokohama. An ammonia-fueled engine developed by IHI Power Systems, NYK, Japan Engine Corporation and Nihon Shipyard will replace the conventional system on board, with the tug due to hit the water by 2024. NYK & Chilean copper producer CODELCO have also announced they are developing an ammonia-powered Handymax bulk carrier, aiming to develop a fleet to service the cross-Pacific copper trade.

Avaada Group: $2 billion secured for new Odisha project
Article

REC Limited has committed nearly $5 billion total to three new energy projects in Odisha state, including renewable ammonia projects to be developed by Avaada and ACME Group. Avaada also announced that its facility will include a “cutting-edge” ammonia storage facility, to be developed at Gopalpur Port. The new funds follow a $1 billion investment in Avaada from infrastructure giant Brookfield earlier this year.