Norwegian engineering company TECO 2030 has urged the International Maritime Organization (IMO) to recognize the role carbon capture will play in reducing greenhouse gas (GHG) emissions from international shipping, as not enough vessels will undergo fuel switches to meet the climate targets.
With the annual general meeting season now behind us, many oil majors have felt the heat from investors – most prominently BlackRock – or courts to put more effort into accelerating climate action.
The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS) have commissioned a new study on the upcoming FuelEU Maritime proposal raising serious concerns over biofuel promotion.
There is a reason why we speak of energy transition instead of energy revolution. It is a process in which we gradually phase out fossil fuels
At this point in time, there is no technology in sight that would make large, ocean-going ships carbon-neutral in the next three to five years, CEO of German liner company Hapag-Lloyd, Rolf Habben Jansen believes. Jansen was one of the panelists of the Green Shipping Roundtable hosted yesterday by t
Offshore drilling contractor Noble Corporation has received approval for listing its ordinary shares on the New York Stock Exchange (NYSE).
The Government of Canada has launched a $964 million program to support smart renewable energy and grid modernization projects that will lower emissions by investing in clean energy technologies, like wind, solar, storage, hydro, geothermal and tidal energy.
Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, Drewry said in a new manning report. The shipping consultancy believes the latest
Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.
South Korean wave energy developer Ingine has received support from the United States Agency for International Development (USAID) to advance its planned wave power plant in Vietnam.
Swedish-Israeli company Eco Wave Power (EWP) has signed a memorandum of understanding (MoU) with the Pecém Complex for the implementation of its wave power plant in the facilities of Pecém Port in the northeastern Brazil.
Swedish wave energy company Seabased has unveiled plans to build a 10MW wave power park at Audierne Bay, located in the French region of Brittany.
A new partnership between academia and business entities has been established in East Asia under the joint goal of introducing and developing marine energy industry in Taiwan.
Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity.
