On May 18, Ship Recycling Transparency Initiative (SRTI) hosted by the Sustainable Shipping Initiative (SSI) published its annual progress report compiling data from twelve major shipowners which operate a total of 3439 vessels.
Stena Power & LNG Solutions has been contracted to provide front-end engineering design for the use of its jettyless LNG solutions at Delta Offshore Energy’s LNG-to-power project in Vietnam.
Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
The International Energy Agency’s (IEA) has announced the world’s first comprehensive study on how to transition to a net-zero energy system by 2050.
Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
The introduction of the IMO rules last year to reduce ship sulphur emissions has resulted in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage, according to a recent webinar.
In this edition of In focus, we’ll be looking at ways through which the offshore energy sector is working to reduce carbon emissions.
The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.
Classification society ABS, South Korean shipbuilder Korea Shipbuilding & Marine Engineering (KSOE), its subsidiary Hyundai Mipo Dockyard (HMD), and the Republic of the Marshall Islands (RMI) Maritime Administrator have signed a joint development program (JDP) to develop liquefied CO2 carrier design
Shelf Drilling is seeing encouraging signs of an improving jack-up market with an increase in the global number of contracted jack-ups.
