Some of the world’s biggest maritime cargo carriers are joining forces with the world’s first industrial safety technology accelerator to launch an innovation initiative to reduce cargo loss at sea. The companies joining the accelerator are Evergreen Line, HMM, Maersk, the Offen Group, Ocean Network
Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and extensions for its rig fleet.
Half of the maritime incidents recorded in 2022 occurred in ports and terminals, data from ship vetting agency RightShip shows. According to the data, there were 2,400 incidents in 2022 where the location was recorded. RightShip said that half of the incidents occurred for vessels in the ports and t
Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.
Caspian Sunrise has won a new deal for the Caspian Explorer drilling vessel, enabling it to carry out work in the Caspian Sea.
Even though it is an industry which is seeing major growth, European offshore wind saw no investments in an offshore wind farm in 2022 (except in a few small floating wind projects). Oil companies are also tip-toeing around new capital investments. Meanwhile, in the shipping sector, deals on new, gr
Biofuels have emerged as a promising solution that can be implemented without significant changes to existing infrastructure. Nevertheless, there are numerous challenges hampering their wider adoption.
US-based FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale electrolyzer facilities in Asia, New Z
Japan’s oil and gas producer Inpex has secured two offshore hydrocarbon exploration licenses in Malaysia’s latest bid round. Inpex reported on 15 February that it had executed production sharing contracts (PSC) with Petroliam Nasional Berhad (Petronas), Petronas Carigali Sdn. Bhd. (PCSB) and Petrole
Nine ocean carrier members of the Digital Container Shipping Association (DCSA) have committed to 100% adoption of an electronic bill of lading (eBL) based on DCSA standards by 2030. The bill of lading is one of the most important trade documents in container shipping. It functions as a document of
Japan’s exploration and production company Inpex has signed a joint collaboration agreement with Malaysian oil and gas exploration firm Petroleum Sarawak Berhad (Petros) for the potential development of a carbon capture and storage (CCS) project in Sarawak, Malaysia. The CCS project will target CO2
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted a revised proposal to the International Maritime Organization (IMO) that reaffirms the industry’s commitment to meet 2050 net-zero carbon goals. The proposal champions a Fund and Rewar
