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Regulation & Policy

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shipping
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
Seafarers
Regulation & Policy

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

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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
bulker
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
Sovcomflot’s Gagarin Prospect
Regulation & Policy

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago
Cargo
Regulation & Policy

UNCTAD: GHG emissions from the world’s maritime fleet heading in wrong direction

Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f

about 3 years ago
How do things stand for the oil & gas industry in the wake of COP27?
Regulation & Policy

How do things stand for the oil & gas industry in the wake of COP27?

In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.

about 3 years ago
shipping BIMCO
Regulation & Policy

BIMCO’s CII clause says time charterers should bare the brunt of ships’ emissions

BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter

about 3 years ago
Eastern Pacific Shipping (EPS)
Regulation & Policy

U.S. lays the blame for drone strike on oil tanker off Oman at Iran’s door

Following a drone attack on an oil tanker off the coast of Oman, the U.S. Central Command has put the blame on Iran.

about 3 years ago
Iran to boost production by drilling 35 new wells on ‘world’s largest offshore gas field’
Regulation & Policy

Iran to boost production by drilling 35 new wells on ‘world’s largest offshore gas field’

To ramp up and maintain gas production from a field off Iran, Pars Oil and Gas Company unveiled plans to drill 35 new wells at this field.

about 3 years ago
TotalEnergies and Eni to embark on hydrocarbon exploration in Mediterranean’s gas-rich waters
Regulation & Policy

TotalEnergies and Eni to embark on hydrocarbon exploration in Mediterranean’s gas-rich waters

TotalEnergies and Eni are gearing up to launch exploration activities in an offshore block located in the Lebanese waters.

about 3 years ago
Maritime sector teams up with hydrogen leaders to scale up green hydrogen production
Regulation & Policy

Maritime sector teams up with hydrogen leaders to scale up green hydrogen production

Shipping organizations and initiatives across the shipping value chain, joined by the largest producers of green hydrogen, today signed on to a joint statement at COP27, committing to the rapid and ambitious production and use of low-carbon fuels based on green hydrogen to accelerate shipping’s deca

about 3 years ago
Illustration/Co-location of offshore wind, wave and offshore solar energy (Courtesy of EU-SCORES)
Regulation & Policy

In focus: Eye on sustainability at COP27 amidst geopolitical tensions

During the opening of the United Nations Climate Change Conference COP27, currently underway in Egypt, a call to ensure the full implementation of the Paris Agreement echoed once again, as severe geopolitical conflicts and tensions seem to demand actions that are not fully in line with the Paris rul

about 3 years ago
New action plan comes into the limelight to accelerate decarbonisation
Regulation & Policy

New action plan comes into the limelight to accelerate decarbonisation

With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.

about 3 years ago
Cleo Bierneza, a seafarer (Third Officer) from the Philippines
Regulation & Policy

Up to 800,000 seafarers due for carbon upskilling by mid-2030

As many as 800,000 seafarers will require additional training by the mid-2030s to enable the shipping industry to transition towards alternative low- and zero-carbon fuels and technologies with the aim of keeping global warming to 1.5C or less by 2050, a DNV study shows. Findings also suggest that a

about 3 years ago