Shipping disruptions through the Red Sea are pushing the amount of oil in transit to record levels, according to the latest International Energy Agency (IEA) Oil Market Report (OMR).
Asyad Shipping, part of Asyad Group, and classification society Lloyd’s Register (LR) have partnered to deliver the Omani national shipping company’s first Environmental, Social and Governance (ESG) report, in line with the established Global Reporting frameworks.
The Red Sea shipping crisis could result in nearly tripled costs for shipping companies in 2024 due to significantly higher exposure to the EU Emission Trading System (EU ETS).
Barbados-flagged bulk carrier True Confidence, owned by Liberian shipping company True Confidence Shipping SA, was struck in a missile attack, leaving three sailors killed and at least four injured, according to the United States Central Command (CENTCOM).
Classification society Bureau Veritas (BV) has unveiled the results of new modeling research which confirmed the potential hefty cumulative impact of operational and technical efficiency measures in keeping shipping within its “carbon budget” to 2050.
Inmarsat Maritime, a Viasat company, has signed a memorandum of understanding (MoU) with Saudi Arabia’s oil and gas giant Aramco to perform what is said to be the world-first 5G mesh network trial for the Saudi energy player’s offshore projects in the Arabian Gulf. The goal is to enable high-speed c
A containership owned by Switzerland-based MSC, the world’s biggest shipping company, was hit by a missile in the Red Sea on March 4, 2023.
A Belize-flagged, UK-owned bulk carrier that sank in the Red Sea on March 2 after a missile attack is said to present an environmental risk that requires urgent action.
As part of its $300 million container terminal upgrade and expansion project, the Port of Salalah received the first four of 10 new ZPMC ship-to-shore cranes.
State-owned oil and gas giant QatarEnergy has revealed the name of the first LNG carrier to be delivered as part of its historic LNG fleet expansion program. On February 23, the company said it had named the first vessel “Rex Tillerson” in recognition of the former Chairman and Chief Executive Offic
Disruptions in two major global maritime trade waterways seem to have diminished efforts to accelerate decarbonization of the shipping industry.
Glander International Bunkering and Asyad Shipping have signed a multi-fold agreement to work on an AI-based propulsion system, a digitalized bunker procurement solution, and comprehensive bunker management.
The World Shipping Council (WSC) is proposing a solution to the challenge of crafting a global greenhouse gas pricing regulation that encourages investment in green fuels, as the UN International Maritime Organisation works towards its target of achieving net-zero carbon emissions in the shipping in
This article is written by Gavin Allwright, Secretary General – International Windship Association When taking time to reflect on the past year, I would argue that 2023 was the year in which our industry took the gloves off and got down to business when it came to decarbonization. At COP28 in Decemb
