The massive consolidation drive in the container shipping market that dominated the narrative over the past four years seems to have brought about unexpected benefits during the coronavirus crisis. The driving force behind the phenomenon has been primarily achieving economies of scale, especially co
There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market.
Industry trade association Oil & Gas UK (OGUK) has revealed plans for halving emissions from production and exploration by 2030, with the country’s basin becoming net-zero by the year 2050.
German wind industry association WAB has welcomed the Federal Government’s recognition of “green” hydrogen’s sustainability in the long term and the special role of offshore and onshore wind energy in its National Hydrogen Strategy, adopted on 10 June. However, WAB said the strategy is non-ambitious
Maersk vessels will be assisting global research efforts on weather patterns and climate change as the Danish container shipping major is committing its 300 owned vessels to participate in the global Voluntary Observing Ship (VOS) program.
After announcing their three-month biofuel trial earlier this year, short sea shipowner United European Car Carriers (UECC) and sustainable shipping initiative The GoodShipping Program have now partnered with car manufacturer BMW Group to continue to test marine biofuel (BFO) on UECC’s roll-on/roll
OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 million barrels per day by another month.
Another crew member of MV Montpellier, a containership chartered by German shipping major Hapag-Lloyd, has tested positive for coronavirus in South Africa.
A ground-breaking Global Industry Alliance (GIA) has been launched to tackle two of the most pressing environmental issues of our time – invasive species and greenhouse gas (GHG) emissions.
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
1,400 GW of offshore wind globally by 2050 is entirely achievable considering the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition, the Ocean Renewable Energy Action Coalition (OREAC) said. OREAC estimates that
The first seafarers to benefit from the use of chartered flight to comply with the new crew change protocol, developed by the Singapore Crew Change Working Group (SGCCWG), finally disembarked the bulk carrier Genco Liberty at the Port of Singapore on 6 June.
French energy major Total has joined the ‘Getting to Zero Coalition’ to support the maritime industry’s decarbonisation.
On the UN’s World Oceans Day, energy company Equinor is launching its ambitions for reducing own emissions from ships, detailing how the company will help decarbonise shipping.
