The widespread adoption of biofuels as a drop-in replacement for fossil fuels and a cost-effective way of meeting tightening regulations in the shipping industry hinges on overcoming challenges such as feedstock availability and demand competition from other transport sectors, Lloyd’s Register (LR)
Starting October 1, 2024, Singapore-based shipping company Ocean Network Express (ONE) will implement an Emissions Trading System (ETS) surcharge as part of its response to the European Union’s inclusion of the maritime industry in its emissions trading scheme. According to a report by ONE, the impl
Faced with challenges such as short supplies of carbon-neutral fuels, the shipping industry needs to explore every option for reducing fuel consumption in order to reach the 2030 decarbonization goal of 20% emissions reductions set by the International Maritime Organization (IMO), Norwegian classifi
Malaysian rig owner Velesto Energy has reported solid financial results for the second quarter of 2024, which it attributes to higher utilization and average daily charter rates.
Based on the 2024 Global Gas Report, the world may face an energy deficit soon, with renewable energy targets at risk of falling through due to insufficient funding allocated to gas and clean energy projects.
A coalition of non-governmental organizations (NGOs) has decided to take the EU Commission to court over the decision to include polluting fossil fuel ships in the EU’s flagship sustainable finance legislation, the EU Taxonomy.
The global shipping industry, responsible for approximately 3% of total greenhouse gas emissions, stands at a crucial turning point. To achieve the International Maritime Organization’s (IMO) net-zero greenhouse gas (GHG) emissions target by 2050, clean fuels must be adopted at scale.
The wind energy industry employs 370,000 people in Europe, however, if countries act on their goals, 600,000 jobs will be needed by 2030 and finding and skilling is one of the biggest challenges that the continent is facing, according to Giles Dickson, CEO of WindEurope. At a session held at the ONS
Awilco LNG, a Norwegian-based fully integrated pure-play liquefied natural gas (LNG) transportation provider, has highlighted in its analysis of the LNG market trends in the first half of 2024 and predictions for the upcoming period that the market activity is picking up the pace even though the cha
There were forty-five vessels with wind propulsion technology installed on board in addition to ten wind-ready vessels by the end of July this year, the International Windship Association (IWSA) revealed.
The Maritime Technologies Forum (MTF) has published a new report offering guidelines and key safety considerations for developing liquefied hydrogen bunkering systems and procedures.
To meet 30 million tonnes of annual global green hydrogen demand, the world would require 411 new hydrogen vessels, according to a new report published by the International Chamber of Shipping (ICS).
The application of WAPS across a variety of vessel types is nearing a tipping point with deployment likely to increase rapidly, LR said.
Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, is set on working with the government of Western Australia (WA) to find the best way forward following an inquiry into the state’s domestic gas policy by the Western Australian Par
