Abu Dhabi-based renewable energy developer Masdar and Indonesia’s state-owned power company PT PLN have reached financial close and started construction of a 145MW floating solar project in Indonesia.
Boosting offshore renewables will accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system, a new report by the International Renewable Energy Agency (IRENA) has found. The report has also outlined specific courses of action to make this happen.
BIMCO, the world’s largest shipowners’ association, is looking at a number of initiatives to approach how shipping can reduce its plastics footprint in light of delays in international action and discussion.
Nineteen seafarers from India, Bangladesh, Turkey and Azerbaijan will be able to see their families again this week after their two-year ordeal finally comes to a close. The seafarers were left abandoned onboard MV Ula bulk carrier as part of a larger crew of 25 when the ship’s owner Aswan Trading a
At the global Innovating to Net Zero Summit, 23 governments responsible for over 90% of global public investment in clean energy have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demo
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
Chevron has shut down production at its Tamar field located offshore Israel amid escalating violence and tensions in the region.
A wide-ranging human rights checklist has been issued to business enterprises engaged with the maritime industry to protect seafarers stranded on ships due to new COVID-19 variants and government-imposed travel restrictions.
A court in Egypt has rejected the appeal made by Shoei Kisen Kaisha, the owner of Ever Given, for the release of the containership and return to its country of origin.
PXGEO Seismic Services has entered into binding agreement to acquire Vyacheslav Tikhonov vessel from its current owner Polarcus, subject to the sanction of the Grand Court of the Cayman Islands.
Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or their assets.
As the transition to renewable energy gains pace worldwide, marine energy and its predictable and reliable nature, backed by versatile application potential, is bound to find its place in the future energy mix. However, the sector first needs to demonstrate its ability to go large-scale to attract b
