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Authorities & Government

ABS forms group to address safety issues on ageing global FPSO fleet

The American Bureau of Shipping (ABS) has brought together leading companies in the FPSO sector to address the safety challenges produced by an ageing fleet.

about 5 years ago

Authorities & Government

“Iranian drone” attacked Mercer Street tanker, US claims

Iran has been linked to the fatal drone attack on a Liberia-flagged tanker that occurred off Oman in late July.

about 5 years ago

Authorities & Government

Masdar joint venture starts construction of 145MW floating solar plant in Indonesia

Abu Dhabi-based renewable energy developer Masdar and Indonesia’s state-owned power company PT PLN have reached financial close and started construction of a 145MW floating solar project in Indonesia.

about 5 years ago

Illustration/Offshore renewable energy farm with offshore wind co-located with wave power plants (Courtesy of CorPower Ocean)

Authorities & Government

G20: IRENA lists cues for action to boost energy transition with offshore renewables

Boosting offshore renewables will accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system, a new report by the International Renewable Energy Agency (IRENA) has found. The report has also outlined specific courses of action to make this happen.

about 5 years ago

Authorities & Government

World’s recoverable oil resources take a hit, Rystad says

The world’s remaining recoverable oil resources are now seen as 9% slimmer but the commercial volumes can keep global warming below 1.8˚C.

about 5 years ago

Authorities & Government

In focus: Bridging the gaps in hydrogen technologies

A collection of energy transition-related updates across the industry was heavily focused on hydrogen and its role in reaching net-zero goals.

about 5 years ago

Authorities & Government

Crews mark Day of the Seafarer between a rock and a hard place as crew change crisis continues to brew

As the shipping industry marks this year’s Day of the Seafarer, hundreds of thousands of seafarers continue to face challenges as a result of the COVID-19 pandemic with regard to repatriation, shore leave, and medical support. “After a year of seafarer mistreatment by governments and ineffective lob

about 5 years ago

Authorities & Government

BIMCO moves to tackle shipping’s plastic footprint

BIMCO, the world’s largest shipowners’ association, is looking at a number of initiatives to approach how shipping can reduce its plastics footprint in light of delays in international action and discussion.

about 5 years ago

Authorities & Government

ITF: 19 abandoned seafarers set to be repatriated after two-year-long ordeal

Nineteen seafarers from India, Bangladesh, Turkey and Azerbaijan will be able to see their families again this week after their two-year ordeal finally comes to a close. The seafarers were left abandoned onboard MV Ula bulk carrier as part of a larger crew of 25 when the ship’s owner Aswan Trading a

about 5 years ago

Authorities & Government

UN: No progress on accessing ‘ticking bomb’ FSO off Yemen

The international efforts carried out over the past year to assess the risk of a massive oil leak or explosion from the Safer, a stricken FSO moored off the coast of Yemen, have been largely unsuccessful. The condition of the floating storage and offloading unit, which is anchored 60 km north of the

about 5 years ago

Authorities & Government

In focus: Challenge accepted by oil major while Norway answers offshore wind calls

As the energy transition is unravelling, the industry is paving the way to net-zero by pushing for further emission cuts and new fuels and vessels.

about 5 years ago

Illustration/Co-located offshore wind and wave farm (Courtesy of CorPower Ocean)

Authorities & Government

Mission Innovation 2.0 to spearhead $250 billion clean energy innovation decade

At the global Innovating to Net Zero Summit, 23 governments responsible for over 90% of global public investment in clean energy have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demo

about 5 years ago

Authorities & Government

In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency

A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental

about 5 years ago

Authorities & Government

Carbon pricing: Have we reached the tipping point?

The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to

about 5 years ago