BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter
The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU
A prototype ship named ZEUS (Zero Emission Ultimate Ship) with hybrid propulsion has been classed by the Italian classification society RINA, becoming its first ship capable of running on hydrogen. The vessel was developed as part of the research project named Technologies with Low Environmental Imp
Dutch-Norwegian company SolarDuck and its consortium partners have received a €7.8 million project subsidy from the Netherlands Enterprise Agency (RVO) to develop, test and validate the Merganser floating solar energy platform in harsh North Sea weather conditions.
Texas-based LNG export company Freeport LNG has provided the results of an independent, third-party root cause failure analysis (RCFA) report on the incident that occurred at its liquefaction facility on 8 June 2022. To remind, the facility, located in Quintana along the Texas Gulf Coast south of Ho
Maran Dry Management Inc., a dry bulk shipping unit of the Angelicoussis Group, has signed a joint development project (JDP) agreement with the Italian classification society RINA and Shanghai Ship Research and Design Institute (SDARI) for an LNG and hydrogen-powered bulk carrier. The project will b
UK’s Unite the union has confirmed that around 146 offshore workers have opted to take strike action due to a dispute over pay and benefits.
Circular Maritime Technologies (CMT), a Dutch startup targeting to automate shipbreaking processes, has secured an EU subsidy that would help the company take the project to the next stage of development. CMT said that it won a subsidy as part of the Kansen voor West III, a program largely financed
Following a drone attack on an oil tanker off the coast of Oman, the U.S. Central Command has put the blame on Iran.
Greek shipowner Safe Bulkers has placed an order for additional Alfa Laval PureSOx exhaust gas cleaning systems bringing the number of vessels to be fitted with the systems to 25. The company has just installed its 21st PureSOx scrubber, and four more retrofits are scheduled through the first half o
After months of absence, Seadrill, an offshore drilling contractor, has returned to the Oslo Stock Exchange (OSE).
Danish shipping companies have 51 new vessels under construction, and 25 of them can sail on green fuels, according to a new analysis from Danish Shipping, a trade and employer organisation for more than 90 shipowners and offshore companies. Right now, there is a total of orders for 51 new vessels f
QED Naval, a Scotland-based tidal energy company, has secured over €1.7 million of funding with 1,152 investors taking part in its Seedrs crowdfunding campaign.
To ramp up and maintain gas production from a field off Iran, Pars Oil and Gas Company unveiled plans to drill 35 new wells at this field.
