The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme
Human rights and environmental non-governmental organizations (NGOs) are urging UNDP to ensure the clean and safe recycling of the decaying floating storage and offloading (FSO) vessel Safer, moored offshore Yemen, that is threatening to cause a massive oil spill. In a letter addressed to UNDP, the
An investigation has been launched after black smoke and flaring were seen coming from the liquefied natural gas (LNG) plant in Brunei.
Hyundai Vietnam Shipbuilding, a subsidiary of HD Hyundai’s shipbuilding division, has secured orders for two product carriers from an undisclosed African-based shipping company, marking a total of 199 vessels ordered in the shipbuilding business since its inception 15 years ago. The company was esta
Bangladesh has granted approval for the implementation of the Hong Kong Convention on the safe recycling of ships and offshore assets. This landmark decision positions Bangladesh as the second sub-continent recycling destination, following India, to ratify the convention. Following extensive and sus
Almost two-thirds (59%) of the shipping industry underestimate the negative environmental impacts of biofouling, with as much as 1 in 4 claiming to know little about the issue, a new report by marine coatings manufacturer Jotun has found. Biofouling is caused by the build-up of micro-organisms, plan
Valeura Energy has wrapped up its infill drilling campaign at a field offshore Thailand, which has enabled it to ramp up oil production at the field.
Pharos Energy Plc has received a licence extension for two blocks located in the moderate to deepwater Phu Khanh Basin offshore Vietnam.
Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarb
A total of 5.5% of fleet capacity today is alternatively fuelled, up from 2.3% in 2017, according to Clarksons’ Green Technology Tracker, which estimates the figure to reach 6.5% by 2025. Although alternative-fuelled newbuild ordering has been a little slower in 2023 to date, 48% of overall orderboo
A staggering 81 percent of seafarers expressed a necessity for partial or complete training to effectively handle the advanced technologies expected to be deployed on future ships, a DNV study has found. Additionally, over 75 percent of respondents (Deck and Engine Officers 78%) indicated a need for
Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has released a summary of the recent progress made in the wave energy industry around the world.
