Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.
UK-based shipping company Carisbrooke Shipping has partnered with London-based tech startup Carnot Ltd whose consortium has been awarded £2.3M to develop a zero-emission hydrogen auxiliary engine demonstrator. Following design, simulations and rigorous testing, the single-fuel hydrogen 50kW engine w
Although liner heavyweight Mediterranean Shipping Company (MSC) is trying to keep its ordering of new boxships on the down low, details have emerged of the company’s ten recently ordered LNG dual-fuel containerships. The order was confirmed by China’s CIMC Group, which disclosed that the constructio
The European Community Shipowners’ Associations (ECSA) calls on the European Parliament and the Council to support the mandatory inclusion of fuel suppliers under the scope of FuelEU Maritime as proposed by the European Parliament in Amendment 129. The amendment approved on October 19th says that if
Singapore-based ship management company Eastern Pacific Shipping (EPS) has completed the installation of Value Maritime’s (VM) Filtree system onboard its managed vessel M/T Pacific Cobalt in Rotterdam, the Netherlands. The Filtree system, which filters sulphur and 99% of particulate matter, include
Dry bulk shipping company Golden Ocean Group Limited (GOGL) has purchased three scrubbers that will be installed on three of its Capesize vessels due for drydock in 2023. The company assigned $1.2 million for the purchase, excluding installation costs. Scrubbers, also known as exhaust gas cleaning s
Rystad Energy, an energy intelligence group, predicts that fossil fuel emissions will peak within two years prior to fitting into the pattern of steady decline.
Nexans has reported an all-time high adjusted backlog of €3.5 billion for its Generation & Transmission business in 2022, an increase of 51 per cent compared to 2021, said to be pulled by the Celtic Interconnector project. In the “record financial year” for the French cable maker, Generation & Trans
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted a revised proposal to the International Maritime Organization (IMO) that reaffirms the industry’s commitment to meet 2050 net-zero carbon goals. The proposal champions a Fund and Rewar
Monaco-based dry bulk shipping company Safe Bulkers is set to welcome eight eco-newbuilds in the upcoming two years pushing its fleet with improved energy efficiency to 23 ships. The company’s fleet currently consists of 44 vessels, with 12 of them being eco-ships built after 2014, and three of them
Greenpeace activists have disembarked Shell’s oil platform at the port of Haugesund in Norway after 13 days of occupation and a journey of almost 4,000 kilometers from the Canary Islands, with no arrests having taken place. Four activists boarded the floating production storage and offloading (FPSO
Voyage optimization can reduce emissions by 7.3% and extend CII compliance by up to three years, according to the findings of a study conducted by maritime software and data analysis expert NAPA and classification society ClassNK with Marubeni Corporation. The joint research was carried out using NA
Korean industry majors, led by shipping heavyweights HMM and Sinokor, have joined forces on the development of nuclear-powered ships. The Memorandum of Understanding (MoU) was signed earlier today by representatives of Gyeongju city, the Gyeongbuk Province, Korea Atomic Energy Research Institute, th
With legal action over climate risk looming on the horizon, Shell denies allegations made against its board, vowing to oppose the derivate claim application.
