Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.
The recently approved amendments to MARPOL Annex VI to introduce requirements to the operational efficiency of ships, the Carbon Intensity Indicators, promise to introduce a completely new compliance regime in the sector. The introduction of carbon intensity targets to existing ships will be calcula
China’s antitrust authority has reportedly approved the planned merger between South Korean shipbuilding majors, Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding arm of Hyundai Heavy Industries (HHI) Group, and Daewoo Shipbuilding & Marine Engineering (DSME).
The U.S. is preparing wider sanctions for the Russian gas pipeline project Nord Stream 2 and is urging European allies to stop the work.
Following the last-minute deal reached between the United Kingdom and the European Union, the European shipping industry has applauded the Brexit deal that would support the current trade fluidity.
The United States House of Representatives has passed a bipartisan legislation to increase federal investments in marine energy under the Water Power Research and Development Act.
The South Korean government has presented a new initiative promoting eco-friendly ship technologies.
Dutch regulator has ordered Spirit Energy to meet discharge standards on its North Sea offshore platform or face a penalty.
The Indian government has been ordered to pay oil and gas company Cairn Energy $1.2 billion following an arbitration award in a tax dispute case.
Polish shipbuilder Remontowa Shipbuilding S.A. has launched the fourth liquefied natural gas (LNG)-fuelled Salish Class vessel owned by the Canadian ferry operator BC Ferries. The ship entered the water over the weekend, with work continuing there until scheduled sea trials in late 2021. Following s
Eagle Bulk Shipping, one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, has become a signatory to the Sea Cargo Charter. The charter, which was launched in October 2020, provides a global framework for aligning chartering activities with responsible environmen
Russian Maritime Register of Shipping (RS) has awarded Approval in Principle (AIP) to the autonomous and remotely controlled navigation technology of a Russian company JSC Kronshtadt Technologies (the a-Nav set of technical solutions). The technology has been approved for the implementation on board
IMO Secretary-General Kitack Lim has criticized the “no crew change” clauses in charterparties, stressing that such clauses exacerbate the dire situation of stranded seafarers and undermine the efforts undertaken to resolve the ongoing crew change crisis. The so-called “no crew change” clauses, whic
The International Labour Organisation’s (ILO) Committee of Experts issued a ruling that governments have failed in their duty of care towards seafarers under international law during the COVID-19 pandemic. In the first ruling of its kind, the committee of 20 jurists found that governments failed abj
