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Environment

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Cargo
Environment

UNCTAD: GHG emissions from the world’s maritime fleet heading in wrong direction

Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f

about 3 years ago
How do things stand for the oil & gas industry in the wake of COP27?
Environment

How do things stand for the oil & gas industry in the wake of COP27?

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In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.

about 3 years ago
shipping BIMCO
Environment

BIMCO’s CII clause says time charterers should bare the brunt of ships’ emissions

BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter

about 3 years ago
New action plan comes into the limelight to accelerate decarbonisation
Environment

New action plan comes into the limelight to accelerate decarbonisation

With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.

about 3 years ago
Cleo Bierneza, a seafarer (Third Officer) from the Philippines
Environment

Up to 800,000 seafarers due for carbon upskilling by mid-2030

As many as 800,000 seafarers will require additional training by the mid-2030s to enable the shipping industry to transition towards alternative low- and zero-carbon fuels and technologies with the aim of keeping global warming to 1.5C or less by 2050, a DNV study shows. Findings also suggest that a

about 3 years ago
Hitachi Energy and Equinor form energy transition pact
Environment

Hitachi Energy and Equinor form energy transition pact

Hitachi Energy and Equinor have signed a strategic agreement to collaborate within electrification, renewable power generation, and low-carbon initiatives worldwide. Initial areas of focus for the collaboration include developing standardized base designs to be applied for high-voltage direct curren

about 3 years ago
vessel at DP World terminal
Environment

DP World earmarks $500 million to cut CO2 emissions across its business

Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next five years. The move was announced by the company’s Chairman and Group CEO, Sultan Ahmed Bin Sulayem while he was addressing delegates at the

about 3 years ago
With energy security in mind, ADNOC CEO calls for ‘maximum energy with minimium emissions’
Environment

With energy security in mind, ADNOC CEO calls for ‘maximum energy with minimium emissions’

Keeping the global energy crisis at the forefront, the CEO of ADNOC believes that the world needs all the energy solutions it can get.

about 3 years ago
Saudi giant unveils $1.5bn sustainability fund to support ‘stable and inclusive’ energy transition
Environment

Saudi giant unveils $1.5 bln fund to support ‘stable and inclusive’ energy transition

Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.

about 4 years ago
IMO Symposium
Environment

Should shipping bid for existing alternative fuels, or wait for technologies to mature?

in an environment where there is a scarcity of renewable fuels, the question arises whether it is a sustainable pathway for shipping to take a limited amount of renewable energy and apply it to an industry where you only get 25% utilization of what you’re starting with.

about 4 years ago
In focus: Are countries caught between energy security and net-zero pledges?
Environment

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

about 4 years ago
Financial close in place for $3.8 billion decarbonization project in UAE
Environment

Financial close in place for $3.8 billion decarbonization project in UAE

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have completed the financial closing of what is said to be the first-of-its-kind subsea transmission network in the MENA region. The $3.8 billion strategic project is set to power and significantly decarbonize A

about 4 years ago
New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea
Environment

New Dutch donation to bridge funding gap for UN’s salvage ops in Red Sea

With additional funds from the Netherlands, the UN may be able to start the salvage operation to prevent a major oil spill in the Red Sea.

about 4 years ago
Aramco CEO calls for ramp up of oil & gas investments and ‘more credible’ transition plan to tackle energy security challenges
Environment

Aramco CEO calls for investments in oil & gas and ‘more credible’ energy transition plan

Ramp-up of oil & gas investments and a new energy transition plan are required for a secure and sustainable energy future, says Aramco’s CEO.

about 4 years ago