Annual growth in maritime trade between 2022 and 2026 will slow to 2.4%, compared to 2.9% over the past two decades, a new UNCTAD report predicts.
Saudi Arabia has announced the launch of OXAGON, the world’s largest floating industrial complex and the world’s first fully integrated port and supply chain.
Marine services provider GAC Bunker Fuels has signed a Memorandum of Understanding (MoU) with biofuel producer Neutral Fuels to market its marine gas oil (MGO) diesel blend specifically developed for shipping clients in the United Arab Emirates (UAE), Bahrain, Oman, Qatar, and India.
Logistics and transportation company Bahri has added its first gas-ready vessel to its Very Large Crude Carrier (VLCC) fleet.
In this week’s In Focus, we put spotlight on COP26 and energy transition updates which include biggest polluters pledging to joint action against climate change, oil majors joining forces for decarbonisation of energy and industry, and governments proposing phasing out coal and fossil fuel subsidies
A new study, produced for the Getting to Zero Coalition, an initiative for accelerating international shipping decarbonisation, has shown that developing green corridors can help simplify the challenges of zero-emission shipping.
IMI has signed a long-term agreement with Zamil Offshore for the delivery of OSV building and MRO services in Saudi Arabia.
Dubai-based logistic provider DP World has launched the global wholesale e-commerce platform in Kenya.
Shipping industry players have warned that lack of investment in developing green technologies is the biggest threat to achieving decarbonisation targets.
An accident during vessel decommissioning operations in waters offshore Libya has resulted in the deaths of at least three Tunisian workers.
The preliminary results of a new study by Global Industry Alliance (GIA) for Maine Biosafety, an initiative addressing biofouling management, have revealed that removing slime from ships’ hulls reduces greenhouse gas emissions (GHG) emissions by up to 25%.
During the COP26 conference, nations are expected to speak out their ambition towards mitigating climate change. These pledges will have an effect on the offshore energy and maritime industry.
The Suez Canal Authority has decided to increase canal dues by six per cent for the year 2022, except for LNG carriers and cruise ships.
Hartree Maritime Partners (HMP), the shipping affiliate of global energy and commodities firm Hartree Partners, has signed a $108 million debt finance facility to purchase two environmentally friendly very large crude carriers (VLCCs).
