SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has received a stamp of approval for its NearZero floating production storage and offloading (FPSO) design from the American Bureau of Shipping (ABS), a classification society.
The European Commission has approved the reintroduction of Italy’s “International Registry” scheme, which aims to encourage shipping companies to register their ships in Europe.
A green shipping corridor across the Pacific Ocean linking the United States and South Korea is set to be established by 2027, the latter country’s Ministry of Oceans and Fisheries (MOF) has unveiled. According to MOF, the “South Korea-US Green Shipping Corridor Construction Implementation Roadmap”,
Bangladesh has kick-started the development of a national action plan (NAP) to slash greenhouse gas (GHG) emissions from shipping, marking a ‘key’ step toward aligning the country’s maritime industry with global environmental regulations. According to the International Maritime Organization (IMO), t
International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,
There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas
Mediterranean shipping companies are bracing for stricter environmental standards as the Mediterranean Emission Control Area for sulphur oxides enters into effect on May 1, demanding adjustments to their fleets and operations.
As the European Union prepares its next long-term budget, the Shipyards & Maritime Equipment Association of Europe (SEA Europe) has urged the European Commission to address the current funding fragmentation with regard to the maritime sector.
Almost two-thirds of companies in Scotland’s clean energy supply chain are investing in skills, capabilities, and facilities to prepare for growth in the renewable sector over the next three to five years, according to new data from Scottish Renewables. The findings come from the trade body’s sixth
Reinforcing the drive to ‘modernize’ and digitize its shipping industry, South Korea is set to establish a long-term strategy, aiming to bring autonomous vessel technology into commercial use. According to the country’s Ministry of Ocean and Fisheries (MOF), the plan encompasses a decade-long framew
The global blue economy business and investment organization World Ocean Council (WOC) and the Netherlands-based Oceanovation have formed a strategic partnership aimed at accelerating sustainable and regenerative solutions across the blue economy. According to Oceanovation, the collaboration will fo
Nexans has secured a contract with government-owned Interconnect Malta (ICM) to deliver the second Malta-Sicily interconnector, a new 225 MW high-voltage alternating current (HVAC) link that will reinforce Malta’s electricity system and ensure a stable and resilient energy supply. Under the contract
Australian energy player Santos has received authorization from the country’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) to proceed with its gas project off the coast of Australia’s Northern Territory.
Intensifying its efforts to crack down on Russia’s shadow fleet, the European Union has adopted another measure.
