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Alfa Laval Secures First FCM Ammonia Fuel System Order for Sustainable Shipping
Alfa Laval has secured its first order for the FCM Ammonia fuel supply system, marking its path toward creating sustainable shipping solutions. The firm will deliver the ammonia-fueled fuel system to seven Tianjin Southwest Maritime-owned dual-fuel LPG/ammonia carriers.A Step Towards Low-Carbon Shipping SolutionsWith global shipping projected to nearly double by...
DOE Secures 200 Million Barrels for Strategic Petroleum Reserve at Favourable Rates
The US Department of Energy (DOE) concluded the latest phase of its buyback initiative for the Strategic Petroleum Reserve (SPR). In this phase, they revealed the purchase of 200 million barrels of crude oil at an average cost of $74.75 per barrel. This achievement comes after the department's rece