Ahead of President Biden’s Leaders’ Summit on Climate, the world’s major shipping organisations have called on world leaders to urgently examine the role of market-based measures (MBMs) to ensure ambitious decarbonisation targets are met across the entire global shipping industry.
The UK has decided to include its share of international shipping and aviation emissions in its sixth Carbon Budget – an important part of the government’s decarbonisation efforts that will allow for these emissions to be accounted for consistently.
With the international banking group Standard Chartered becoming a signatory to the Poseidon Principles, the global shipping loan portfolio of the member banks has surpassed the $ 185 billion mark. This represents around 50 percent of all shipping finance globally, making the Poseidon Principles ini
Industry heavyweights Lloyd’s Register’s Decarbonization Hub, Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, Total and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping are embarking on a new project with the aim of providing guidelines on the safe use of ammonia as a
The U.S. Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) have selected seven winners of the DESIGN Contest for their innovative ideas to integrate marine renewable energy with ocean observing platforms.
Wuhan-based PEM fuel cell supplier Troowin Power System Technology Co has won a type approval from China Classification Society (CCS) for its marine fuel cell product. CCS said that this was China’s first certificate of type approval for a marine fuel cell, and that it follows more than a year of re
Norway’s safety watchdog has given its consent to Aker BP to use the Deepsea Stavanger rig for the Skarv field wells.
UK-based geoscience and engineering services provider Next Geosolutions has secured survey work for the western part of the Tyrrhenian Link interconnector.
Wave energy developer Oscilla Power has secured additional $2.4 million from the U.S. Department of Energy (DOE) to deploy its Triton-C wave energy device in Hawaii.
Ammonia and hydrogen are zero-carbon bunker fuels that are most likely to be major contributors to shipping’s decarbonized future, a new series of report released by the World Bank reveals.
Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the West Hercules drilling rig.
PXGEO Seismic Services has entered into binding agreement to acquire Vyacheslav Tikhonov vessel from its current owner Polarcus, subject to the sanction of the Grand Court of the Cayman Islands.
Storegga, Shell, and Harbour Energy have become equal partners in the Acorn carbon, capture and storage (CCS) project and will develop the project through to final investment decision (FID), construction, operation, and beyond.
Crowley Shipping and Shell Trading (US) Company (STUSCO) recently initiated the use of low carbon biofuel to power the Crowley tugboat Veteran, a ship assist and escort tug serving the Bay of San Francisco.
