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Regulation & Policy

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Regulation & Policy

EU ETS will cost the shipping industry billions, says ITIC

The cost of the European Union’s (EU) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions, according to the forecasts from International Transport Intermediaries Club (ITIC). The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute l

about 2 years ago

Regulation & Policy

Can shipping go beyond the COP28 razmataz and deliver on net zero targets?

Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the Internation

about 2 years ago

Regulation & Policy

WSC: We need to get regulations right in next two years to ensure renewable fuels’ availability

In a bid to secure a competitive landscape for the availability of renewable fuels to power maritime vessels, energy providers need to have regulatory frameworks established within the next two years. The call comes with the recognition that substantial investments in new fuels are imminent, conting

about 2 years ago

Regulation & Policy

Houston, Antwerp-Bruges ports and partners pen energy transition accord

U.S. and Belgian cargo hubs Port Houston and the Port of Antwerp-Bruges, together with four other partners, have signed a landmark agreement to form a strategic alliance aimed at accelerating the transatlantic green transition. The two ports are joined by the Center for Houston’s Future, Waterstofne

about 2 years ago

Northern Lights CCS project grabs a slice of EU's Connecting Europe Facility funding

Regulation & Policy

Northern Lights CCS project grabs a slice of EU funding

The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end

about 2 years ago

Regulation & Policy

Bureau Veritas and Avance Labs pen hydrogen certification deal

Classification society Bureau Veritas (BV) and Avance Labs, an I-REC (international renewable energy certificate) accredited code manager for tracking and certification of attributes associated with hydrogen and hydrogen derivative fuels and products, have signed a memorandum of understanding (MoU)

about 2 years ago

Regulation & Policy

INPEX: Authorities clear revised development plan for Abadi LNG project

Japanese energy company INPEX Corporation has received written approval for the revised development plan for its Abadi LNG project in Indonesia. INPEX received the approval on behalf of the joint venture composed of INPEX Masela, PHE Masela, and Petronas Masela. The company submitted a revised Plan

about 2 years ago

Illustration/HydroQuest's 1MW tidal energy turbine for Paimpol-Bréhat site (Courtesy of Ocean Energy Europe)

Regulation & Policy

ETIP Ocean releases guide for ocean energy community engagement

The European Technology and Innovation Platform for Ocean Energy (ETIP Ocean) has published a new guide that unveils best practices for local community engagement in ocean energy projects.

about 2 years ago

Regulation & Policy

UAE bans ship beaching in new recycling regulation

The United Arab Emirates (UAE) is introducing a comprehensive ship recycling regulation aimed at curbing environmentally harmful practices and promoting responsible ship ownership. The UAE Ship Recycling Regulation (UAE SRR) explicitly prohibits beaching and landing activities, emphasizing the need

about 2 years ago

Illustration; Credit: Clyde Thomas/Longboat Energy

Regulation & Policy

Longboat JAPEX offloads partial stakes in two North Sea exploration licenses

Longboat JAPEX Norge has sold partial interests in two exploration licenses on the Norwegian Continental Shelf (NCS) to Norway’s Concedo.

about 2 years ago

Stena DrillMAX drillship; Source: Stena Drilling

Regulation & Policy

Stena rig becomes first drillship to don DNV’s notation for emission reduction

Stena Drilling has welcomed the award of DNV’s Abate (P) notation, which now adorns one of its drillships.

about 2 years ago

Regulation & Policy

The Sea Cargo Charter to revamp reporting ambitions

The Sea Cargo Charter (SCC) plans to revise its reporting ambitions, aligning its trajectory with emission reduction goals in response to the International Maritime Organization’s (IMO) revised greenhouse gas (GHG) strategy adopted during MEPC80 in July 2023. The SCC said it was set to expand its cu

about 2 years ago

Regulation & Policy

Ecomotus’ EcoPro hydrogen electrolyzer wins RINA’s full-type approval

Ecomotus’ EcoPro fuel catalyst system, a standalone retrofit design that uses hydrogen to reduce emissions and improve fuel efficiency on marine engines, has been granted full-type approval by the classification society RINA. The EcoPro system is said to optimize the engine’s fuel combustion, contin

about 2 years ago

Regulation & Policy

CCS awards flurry of AIPs at Marintec for homegrown ammonia/methanol engines, and ship designs

China Classification Society (CCS) has awarded dozens of Approvals in Principle (AIP) at this year’s China International Maritime Exhibition (Marintec China). The exhibition is one of the most authoritative B2B platforms for the international maritime industry and it has seen numerous business deals

about 2 years ago