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Cyber attack
Green Marine

Maritime industry remains ‘easy target’ for cyber attacks as ransom payment demands skyrocket

The maritime industry remains an “easy target” for cybercriminals, and the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months, according to the research findings from law firm HFW and maritime cyber security company CyberOwl. The research reveal

about 3 years ago
Illustration; Source: QatarEnergy
Green Marine

In focus: The hard truths and wake-up calls in the global energy transition

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As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

about 3 years ago
DP World
Green Marine

DP World raises $1.5 billion for decarbonization

Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant investments. DP World said that the Sukuk was oversub

about 3 years ago
Repair yard shortage puts maritime energy transition at risk
Green Marine

Repair yard shortage puts maritime energy transition at risk

A shortage of repair yards with experience in conversions may hinder the take up of alternative fuel technology by the existing fleet, according to the findings from LR’s new Engine Retrofit Report. The report has identified that retrofitting a significant number of the 9,000 and 12,900 large mercha

about 3 years ago
container shipping
Green Marine

ICS rolls out CII data collection system

The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c

about 3 years ago
In focus: Is natural gas crucial element of energy transition?
Green Marine

In focus: Is natural gas crucial element of energy transition?

With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
ammonia
Green Marine

Maritime stakeholders call for safe ammonia use

Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,

about 3 years ago
BW LPG
Green Marine

BW LPG, ADNOC enter 1st LPG bunker supply deal in the Middle East

Singapore-based owner and operator of LPG vessels BW LPG has inked an agreement with UAE’s energy giant ADNOC for the supply of liquefied petroleum gas (LPG) as bunker fuel. BW LPG said that the deal marks a notable milestone as the Middle East’s first dedicated LPG bunker supply contract. The inaug

about 3 years ago
BGN, Pertamina join forces on gas transport
Green Marine

BGN, Pertamina join forces on gas transport

Dubai energy trader BGN has inked a landmark agreement with Indonesia’s state-owned PT Pertamina International Shipping (PIS) for collaboration on gas vessel transportation. The move is expected to reinforce BGN’s position as an emerging maritime asset player in the LPG market and strengthen LPG sup

about 3 years ago
DP World, Maspion start construction of East Java terminal
Green Marine

DP World, Maspion start construction of East Java terminal

Logistics provider DP World and Indonesian conglomerate Maspion Group have started construction of a new container terminal in Gresik, East Java

about 3 years ago
LNG keeps its crown: Alternative fuel orders show LNG still holding strong
Green Marine

LNG keeps its crown: Alternative fuel orders show LNG still holding strong

In the ever-evolving landscape of marine fuels, liquefied natural gas (LNG) is firmly holding its position as a formidable choice for the decarbonization of ships despite a recent uptick in the popularity of methanol. According to the data from a two-month special report from DNV – Maritime’s Altern

about 3 years ago
Shipping
Green Marine

Poseidon Principles align with IMO’s raised ambitions

The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa

about 3 years ago
In focus: Advanced economies should pave the energy transition way as 'bolder action' is needed
Green Marine

In focus: Advanced economies should pave the net-zero way as bolder action is needed

Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.

about 3 years ago
UNCTAD: Up $28 bln extra required to decarbonize shipping
Green Marine

UNCTAD: Up $28 bln extra required to decarbonize shipping

While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship

about 3 years ago