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Regulation & Policy

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Illustration; Source: International Energy Agency (IEA)
Regulation & Policy

Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition

A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.

about 2 years ago
P&O Maritime Logistics,
Regulation & Policy

P&O Maritime Logistics: We are assessing a diverse array of fuels

In today’s rapidly evolving landscape, it is no longer a question of whether to decarbonize, but rather how to do it effectively and strategically. The imperative to reduce carbon emissions and embrace sustainability has become an indisputable reality for businesses across industries. The focus has

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about 2 years ago
DNV
Regulation & Policy

GSBN, DNV team up on verified data sharing in a major push for decarbonization

Global Shipping Business Network (GSBN), an independent non-profit technology consortium, has signed a Memorandum of Understanding (MoU) with the DNV classification society. The partnership aims to promote decarbonization and accelerate the adoption of alternative fuels by enabling the trusted shari

about 2 years ago
Illustration; Source: NewMed Energy
Regulation & Policy

More action needed before Israel grants multiple exploration blocks to SOCAR, NewMed, and BP

Israel’s Ministry of Energy has set its cap on approving the award of six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ) to Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilling – and Britain’s BP.

about 2 years ago
In focus: Stimulating industry-transforming changes through new hydrogen technologies
Regulation & Policy

In focus: Stimulating industry-transforming changes through new hydrogen technologies

New programs for the transformation of the offshore energy sector are here. Through these actions, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. Example number one: Korea’s Ministry of Trade, Industry and Energy (MOTIE), energ

about 2 years ago
Saudi Arabia and Korea shake hands on clean hydrogen cooperation
Regulation & Policy

Saudi Arabia and Korea shake hands on clean hydrogen cooperation

Korea’s Ministry of Trade, Industry and Energy (MOTIE), energy institutions, and companies have signed two agreements and five memorandums of understanding (MoUs) with their Saudi counterparts to widen clean hydrogen cooperation. The agreements and MoUs were signed on October 22 on the occasion of t

about 2 years ago
Maersk
Regulation & Policy

Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28

More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi

about 2 years ago
Euronav
Regulation & Policy

Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Regulation & Policy

Mittal: Shipowners need to start locking in long-term supply of green fuels

In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se

about 3 years ago
Michael Parker
Regulation & Policy

Parker: Shipping financing will not be the same

Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2

about 3 years ago
Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report
Regulation & Policy

Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report

In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2

about 3 years ago
ClassNK
Regulation & Policy

ClassNK: 80 million gt of zero-emission ships needed annually by 2040 to meet IMO targets

The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco

about 3 years ago
Illustration; Source: QatarEnergy
Regulation & Policy

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

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
Repair yard shortage puts maritime energy transition at risk
Regulation & Policy

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