The combined EBIT in the first qurter of 2021 of all reporting carriers was a staggering $16.19 billion, a new report published by Sea Intelligence shows.
In response to the Government of Canada’s consultation on its Blue Economy strategy, the country’s industry association Marine Renewables Canada has provided a submission that outlines a vision for the marine renewable energy sector and key actions to support its growth.
The European Hydrogen Backbone (EHB) initiative’s new study has shown that sufficient potential exists to produce green and blue hydrogen for the future EU and UK energy demand.
Norwegian engineering company TECO 2030 has urged the International Maritime Organization (IMO) to recognize the role carbon capture will play in reducing greenhouse gas (GHG) emissions from international shipping, as not enough vessels will undergo fuel switches to meet the climate targets.
With the annual general meeting season now behind us, many oil majors have felt the heat from investors – most prominently BlackRock – or courts to put more effort into accelerating climate action.
The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS) have commissioned a new study on the upcoming FuelEU Maritime proposal raising serious concerns over biofuel promotion.
There is a reason why we speak of energy transition instead of energy revolution. It is a process in which we gradually phase out fossil fuels
At this point in time, there is no technology in sight that would make large, ocean-going ships carbon-neutral in the next three to five years, CEO of German liner company Hapag-Lloyd, Rolf Habben Jansen believes. Jansen was one of the panelists of the Green Shipping Roundtable hosted yesterday by t
Offshore drilling contractor Noble Corporation has received approval for listing its ordinary shares on the New York Stock Exchange (NYSE).
The Government of Canada has launched a $964 million program to support smart renewable energy and grid modernization projects that will lower emissions by investing in clean energy technologies, like wind, solar, storage, hydro, geothermal and tidal energy.
Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, Drewry said in a new manning report. The shipping consultancy believes the latest
Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.
South Korean wave energy developer Ingine has received support from the United States Agency for International Development (USAID) to advance its planned wave power plant in Vietnam.
Swedish-Israeli company Eco Wave Power (EWP) has signed a memorandum of understanding (MoU) with the Pecém Complex for the implementation of its wave power plant in the facilities of Pecém Port in the northeastern Brazil.
