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Regulation & Policy

Industry calls for higher ambition in FuelEU, introduction of performance multipliers

Danish Shipping, Methanol Institute, and World Shipping Council are calling for increased ambition in the FuelEU, maximising GHG intensity reduction from 2035 to 2050 and supporting early use of green e-fuels. The FuelEU Maritime proposal requires ships to reduce the GHG intensity of their fuels by

about 3 years ago

The signing of the agreement between Ordu Enerji and Eco Wave Power (Courtesy of Eco Wave Power)

Regulation & Policy

Eco Wave Power signs deal for 77MW wave energy plant in Black Sea

Eco Wave Power has entered into an agreement with OREN Ordu Enerji for the potential construction of an up to 77MW wave energy installation in Ordu in Türkiye.

about 3 years ago

Regulation & Policy

Report: Start-up of Lubmin LNG terminal delayed

The launch of operations at the floating liquefied natural gas (LNG) terminal in Lubmin, Germany, has been delayed for several weeks, according to reports by Der Spiegel news magazine. Germany’s first private LNG terminal was scheduled to begin operations at the beginning of December. The first floa

about 3 years ago

Regulation & Policy

Mærsk Mc-Kinney Møller Center outlines 4 key actions to fast-track decarbonization

The maritime industry must take immediate collective action on an unprecedented scale to bring the decarbonization of the industry closer to the Paris 1.5°C trajectory, according to Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. International and domestic shipping uses approximately 12.6 EJ

about 3 years ago

Regulation & Policy

Unions, employers sign pact to keep pandemic cooperative spirit alive as decarbonization challenges loom

Unions representing seafarers and maritime employers have signed a new memorandum of understanding (MOU) to take forward the ‘spirit of cooperation’ that marked the shipping industry’s joint efforts throughout the pandemic. The MOU’s signatories are the International Transport Workers’ Federation (I

about 3 years ago

Regulation & Policy

Pay dispute escalates as North Sea workers resort to strike action on multiple oil & gas platforms

UK’s Unite the union has confirmed that hundreds of offshore workers have decided to down their tools and take industrial action.

about 3 years ago

Regulation & Policy

Oldendorff blasts CII calling for urgent revision

IMO’s new Carbon Intensity Indicator (CII) regulations will not help the environment and may actually lead to higher rather than lower emissions, German dry bulk carrier owner and operator Oldendorff Carriers said. The company released a study that delves into the rating scheme pointing to examples

about 3 years ago

Regulation & Policy

INTERCARGO: CII cannot be used to achieve desired decarbonisation goals

The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei

about 3 years ago

Oil & gas players looking into electrification of West of Shetland assets with onshore and offshore wind

Regulation & Policy

Wind power in the running for electrification of West of Shetland oil & gas assets

BP, Equinor and Ithaca Energy have inked a deal to explore electrification options for their West of Shetland portfolio of oil and gas assets.

about 3 years ago

Illustration/Marmok-A5 wave energy device deployed off Basque coast at BiMEP (Courtesy of EVE)

Regulation & Policy

Spain adopts regulatory framework for €200M grant program for marine renewables

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure.

about 3 years ago

Regulation & Policy

DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero

DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.

about 3 years ago

Liverpool’s mayor Steve Rotheram (left) with K-water’s vice president Jeong kyeongyun during the signing of the MoA (Courtesy of Liverpool City Region Combined Authority)

Regulation & Policy

Liverpool eyes South Korean know-how on tidal range power projects

Liverpool City Region has signed an agreement with Korea Water Resources Corporation (K-water) to cooperate and share lessons that could help the region develop the world’s largest tidal power scheme on the River Mersey.

about 3 years ago

Regulation & Policy

Germany opens €900 million call for import of green hydrogen derivatives

Following the recent establishment of the world’s first financing platform for tailored financing of infrastructure for green hydrogen, Germany is now looking to award nearly €1 billion (€900 million) in funding for the import of hydrogen derivatives. On 5 December, the Federal Ministry for Economic

about 3 years ago

Regulation & Policy

Lift-off: Watch as Airseas kite system takes to the air during sea trials

France-based wind propulsion developer Airseas has revealed the first pictures and video footage of its automated kite system Seawing in flight during ongoing transatlantic sea trials. The material is being revealed following the completion of the crucial initial stages of the trials, which are taki

about 3 years ago