Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by
The Finnish Government has granted survey permits for Ilmatar Offshore’s two new project areas, Bothnia and Bothnia West, in the Finnish Exclusive Economic Zone. Ilmatar Offshore has identified two new areas suitable for offshore wind in the Finnish Exclusive Economic Zone. The project areas are cal
The first minister of Wales Mark Drakeford has officially opened the substation linked to Morlais tidal energy site on Anglesey in Wales.
In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se
Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2
Canada’s Ksi Lisims LNG has filed an application to the British Columbia (B.C.) Government for an environmental assessment certificate (EAC) after consultation, studies and analysis designed to identify and mitigate potential effects on a wide range of matters related to the project. The filing is s
In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2
The Maritime Union of Australia (MUA) is urging the Australian government for a major shakeup of government policy and regulation of the dismantling, processing, recycling and disposal of offshore oil and gas infrastructure. MUA, alongside Macquarie University’s Centre for Energy and Natural Resourc
French energy start-up Seaturns has deployed a scaled wave energy prototype at Ifremer’s sea trials site in Sainte-Anne du Portzic, near Brest.
The final investment decision (FID) has been made for the Porthos CO2 storage project – the first such project in the Netherlands, allowing construction to start next year. Porthos, a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority, will provide transport and storage services to s
The United States has issued an amendment to the license granted to the government of Trinidad and Tobago allowing the joint development of an offshore gas project with Venezuela. Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart R. Young reported that the Office of Foreign Asset
The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco
The Australian Renewable Agency (ARENA), on behalf of the Australian government, has opened applications for the $2 billion program that aims to catalyze the country’s hydrogen industry. Following consultation with a broad range of key stakeholders, which involved 114 written submissions and three p
Global fashion giant Inditex, the parent company of renowned brands like Zara and Massimo Dutti, has joined forces with Maersk to reduce its carbon footprint in global seaborne logistics. The partnership aims to incorporate alternative, eco-friendly fuels into all inbound routes through Maersk’s ECO
