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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Battery-methanol tug clears sea trials
2026-05-03 · via Economy News, Latest Economic News Today | The HinduBusinessLine

AYK Energy Ltd, the Andorra-based renewable energy equipment manufacturing company, has completed sea trials for Svitzer Balder, the world’s first battery-methanol harbour tug. Built by Uzmar Shipyard in Türkiye, the vessel sets a new benchmark as the most powerful electric escort tug globally, capable of operating both in harbour environments and near open ocean conditions. Svitzer Balder is now scheduled for delivery to the Port of Gothenburg, in Sweden, where it will perform more than 90 per cent of towing and docking operations in zero-emission mode, using its battery-electric propulsion system, says a company release.

World’s largest yacht waits to set sail

Orient Express Corinthian, the world’s largest sailing yacht, was named on April 29 in Saint-Nazaire. Flying the French flag, the 220-m sailing ship heralds a new era of travel, uniting French decorative craftsmanship with cutting-edge naval innovation. With carbon masts that cant to 70 degrees, the ship can easily clear the world’s great bridges. It will sail from Saint-Nazaire on May 2, bound for the French Riviera, ahead of its inaugural Mediterranean season, according to a media statement.

Crucial IMO meet on emission cuts

The World Shipping Council says the constructive engagement on a global emissions reduction measure at the recent International Maritime Organization Marine Environment Protection Committee (MEPC 84) meeting is encouraging and necessary to deliver on the IMO’s 2023 GHG Strategy. WSC President and CEO Joe Kramek said these are complex and, at times, difficult discussions. But continued engagement from governments is essential to keep progress moving. The liner industry has already invested $150 billion in new dual-fuel ships, which have the potential to abate emissions. But realising these emission reductions depends on agreeing upon an effective global framework, Kramek said.

Published on May 4, 2026