The global maritime industry faces unprecedented challenges due to rapidly changing market conditions and technological advancements driven considerably by the ever-stricter environmental regulations. The current model of maritime transport operations, which relies heavily on traditional practices,
A new report by University Maritime Advisory Services (UMAS), an independent advisory and research consultancy specializing in maritime and ocean-related sustainability issues, sheds light on the pressing need for a significant improvement in energy efficiency in the global shipping industry by 2030
The International Maritime Organization’s (IMO) Legal Committee has highlighted the risks and consequences of ship-to-ship transfers in the open ocean and the methods used to obscure ship identities. At its 110th session in London, the committee was informed that a fleet of between 300 to 600 tanker
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th
Ballast water management solutions provider Bawat Water Technologies and Damen Green Solutions, a member of the Dutch Damen Shipyards Group, have signed a Term Sheet to create a joint venture in the field of ballast water treatment systems. The joint venture will merge Damen’s InvaSave program with
Taiwanese container shipping giant Yang Ming has been described as the container industry’s ‘emission hero’ for all relevant CEI-covered trades in Q4 2022, according to an analysis of Xeneta’s Carbon Emissions Index (CEI). Xeneta said that Yang Ming was the industry’s only major player to score belo
The UK is pivoting towards renewable and low-carbon energy in a push to strengthen energy security, says the Energy Industries Council (EIC).
Seven member states of the International Maritime Organization (IMO) have nominated candidates for the post of Secretary-General, as the term of the current incumbent, Kitack Lim of the Republic of Korea, is set to expire on December 31, 2023. The seven nominees are Moin Uddin Ahmed of Bangladesh, S
Portugal is the latest country to accede to IMO’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships. The convention covers the design, construction, operation, and maintenance of ships, and preparation for ship recycling to facilitate safe and environmentally sound recyc
The latest oil and gas lease sale for acreage in federal waters in the Gulf of Mexico gathered nearly $264 million in high bids.
The Norwegian Ministry of Petroleum and Energy has awarded two new exploration licenses for CO2 storage on the Norwegian continental shelf in the North Sea to four companies. The two exploration licenses are located in the southern part of the North Sea. The eastern license is offered to Aker BP and
Finnish cleantech company Norsepower Oy has signed a contract with global shipping company IINO Lines for the delivery and installation of two Norsepower Rotor Sails™ on a newbuild Very Large Gas Carrier (VLGC). The LPG dual-fuel vessel was delivered today from Daewoo Shipbuilding & Marine Engineeri
Multinational retail conglomerate Inter IKEA Group has joined the Zero Emission Maritime Buyers Alliance (ZEMBA), as the first member alongside co-founders Amazon, Patagonia, and Tchibo.
The object that was found adjacent to the Nord Stream 2 pipeline last week has been salvaged, the Danish Energy Agency has confirmed. The salvage, which was carried out at a water depth of 73 meters, was completed on 28 March. According to the Danish Defense, investigations indicate that the object
