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Regulation & Policy

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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

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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
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Regulation & Policy

Seaturns launches wave energy demonstrator offshore France

French energy start-up Seaturns has deployed a scaled wave energy prototype at Ifremer’s sea trials site in Sainte-Anne du Portzic, near Brest.

about 3 years ago
With FID in place, first Dutch CO2 storage project cleared for take-off
Regulation & Policy

With FID in place, first Dutch CO2 storage project cleared for take-off

The final investment decision (FID) has been made for the Porthos CO2 storage project – the first such project in the Netherlands, allowing construction to start next year. Porthos, a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority, will provide transport and storage services to s

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
Inditex teams up with Maersk to cut seaborne emissions
Regulation & Policy

Inditex teams up with Maersk to cut seaborne emissions

Global fashion giant Inditex, the parent company of renowned brands like Zara and Massimo Dutti, has joined forces with Maersk to reduce its carbon footprint in global seaborne logistics. The partnership aims to incorporate alternative, eco-friendly fuels into all inbound routes through Maersk’s ECO

about 3 years ago
DFDS
Regulation & Policy

DFDS to deploy battery-powered fleet on the English Channel by 2030

Danish ferry and logistics company DFDS is planning to deploy a fleet of battery-powered vessels in the Eastern Channel by 2030. The decision was revealed on the heels of a recent meeting between the French Minister for Foreign Trade, Attractiveness and French Nationals Abroad, Olivier Becht and CEO

about 3 years ago
Romania approves Maritime Spatial Plan
Regulation & Policy

Romania approves Maritime Spatial Plan

Romanian ministries have prepared a draft emergency ordinance with which the Maritime Spatial Plan (MSP), a strategic planning document identifying the spatial and temporal distribution of current and future activities and uses within Romanian waters, is approved. Romania’s Ministry of Environment a

about 3 years ago
HB Hunte receives AiPs for new LCO2 tank design with voestalpine’s F550 TMCP toughcore material
Regulation & Policy

HB Hunte receives AiPs for new LCO2 tank design with voestalpine’s F550 TMCP toughcore material

BV, DNV, and RINA have approved HB Hunte Engineering’s revolutionary tank design made of voestalpine Grobblech’s F550 TMCP toughcore, opening the gates towards a safe and reliable Liquid Carbon Dioxide (LCO2) transport. LCO2 cargo handling brings new challenges to tank designers and manufacturers du

about 3 years ago
Marine Energy Wales and UK Marine Energy Council to enhance collaboration for marine energy (Courtesy of Marine Energy Wales)
Regulation & Policy

UK organizations strengthen marine energy ties

Marine Energy Wales and UK Marine Energy Council (MEC) have signed a memorandum of understanding, outlining and enhancing their collaborative efforts to support the marine industry in Wales and the wider UK.

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
The CorPower 4 wave energy device offshore Porgual (Courtesy of CorPower Ocean)
Regulation & Policy

CorPower Ocean’s wave energy device starts exporting power to Portugal’s grid

CorPower Ocean has completed the first steps of the commissioning program for its commercial-scale wave energy converter – the CorPower C4 – enabling the device to start exporting power to the Portugal’s grid.

about 3 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Regulation & Policy

Equinor gets clearance to dispatch Odfjell rig for drilling ops in North Sea

Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.

about 3 years ago
Finished NEMMO tidal turbine blades with anti-fouling cover (Courtesy of NEMMO project)
Regulation & Policy

Brand new NEMMO tidal turbine blades ready for a spin at sea

The collaborative EU-backed NEMMO project has reached its last and most significant milestone – producing novel-design tidal turbine blades, three of which are being shipped to be fitted on Magallanes Renovables’ ATIR tidal energy platform in Scotland.

about 3 years ago