Orient Finance PLC reported a profit
before tax of LKR 193 Mn for the 2020-21 financial year, reflecting a
year-over-year growth of 144 per cent. The company’s net operating income also
increased 148 per cent from LKR 0.47 Bn to LKR 1.17 Bn during the year under
review.
This performance was desp
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New international platform will help increase supply for sustainable fuels for the marine market
A new ShippingLab project is going to create an internationally recognized platform for testing and validating new fuel solutions that can aid in significantly reducing or eliminating GHG emissions from the shipping industry. As such, the purpose of the platform is to assist the global transition towards sustainable marine fuels by creating a bridge between prospective suppliers of sustainable fuels and the marine industry.
Behind the validation platform there is a number of important stakeholders, namely Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Alfa Laval, MAN Energy Solutions, DS Norden and A.P. Møller – Mærsk and the supplier of biofuel MASH Energy.