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Ammonia-fueled tanker coalition gains new members; now called The Castor Initiative; first tanker by 2025 Little more than a year after a Joint Development Project (JDP) to develop an ammonia-fueled tanker design was launched by LR, MISC Berhad, MAN Energy Solutions and Samsung Heavy Industries (SHI), the partners have been joined by Yara International ASA, a giant Norwegian chemicals company and major ammonia producer, and the Maritime and Port Authority of Singapore (MPA). The JDP is now named “The Castor Initiative”. The naming is significant. Castor is the second-brightest star in th...

Ammonia-fuelled tanker Joint Development Project (JDP) partners – MISC Berhad (MISC), LR, Samsung Heavy Industries (SHI) and MAN Energy Solutions (MAN) announced the entry of two new partners – the Maritime and Port Authority of Singapore (MPA) and Yara International ASA (Yara) at a recent webinar focused on Ammonia as a Shipping Fuel which was ...

MPA, Yara join ammonia-fuelled tanker initiative February 23, 2021, by Naida Hakirevic The Maritime and Port Authority of Singapore (MPA) and Norwegian fertilizer company Yara International ASA have joined the ammonia-fuelled tanker project launched a year ago. In January 2020, Malaysia’s shipping group MISC Berhad, South Korean shipbuilder Samsung Heavy Industries (SHI), UK’s classification society Lloyd’s Register (LR) and Germany’s engine manufacturer MAN Energy Solutions decided to work together on the joint development project (JDP)....

President Biden must commit to a strategy to reduce road deaths in the United States to zero by 2050, a coalition of street safety groups told the new president even before his first full day in office. On Wednesday, as the Biden Administration was still setting up its voicemail systems and disinfecting the press briefing room, more than 74 organizations sent a group letter to the White House reminding the new president of that which he knows so painfully well: that almost 40,000 Americans die every year on our roadways — and that government must do more to get that number moving to zero mu...

4 ways to build a net-zero economy by 2050 (Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Veronica Scotti, Chairperson, Public Sector Solutions, Swiss Re Management Ltd EU Green Deal, worth €1 trillion, puts Europe on course to meet net-zero targets by 2050. Multi-stakeholder approach is needed to build momentum and achieve these goals. Here are four ways the private and public sector can help to reduce carbon emissions. As we emerge from the shadows of the COVID-19 pandemic, a green recovery wil...