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Rules & Regulation

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MMMCZCS
Rules & Regulation

Green corridor surge: initiatives soar to 44, doubling from last year’s count

The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co

about 2 years ago
Environmental Defense Fund Europe (EDFE)
Rules & Regulation

COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter

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A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.

about 2 years ago
Prysmian's Leonardo da Vinci cable laying vessel; Source: Prysmian
Rules & Regulation

Dive into: Multi-million and billion-dollar deals, interconnectors, innovations, acquisitions, and vessel jobs

The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.

about 2 years ago
CEOs
Rules & Regulation

Shipping CEOs call for an end to fossil-only powered newbuilds

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green

about 2 years ago
MMMCZCS
Rules & Regulation

Training project for seafarers on zero-emission ships in the making

A new training project is being launched aimed at preparing seafarers for zero or near-zero emission ships as a way of addressing the imminent need for upskilling the workforce to operate advanced technological solutions and alternative fuels. The project was announced at the 2023 UN Climate Change

about 2 years ago
64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study
Rules & Regulation

64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study

Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key ar

about 2 years ago
Illustration; Source: TotalEnergies
Rules & Regulation

In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels

This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.

23 minutes read
Illustration; Source: International Energy Agency (IEA)
Rules & Regulation

Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition

A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.

about 2 years ago
Euronav
Rules & Regulation

Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Rules & Regulation

Mittal: Shipowners need to start locking in long-term supply of green fuels

In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se

about 3 years ago
Michael Parker
Rules & Regulation

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
Rules & Regulation

Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report

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
ClassNK
Rules & Regulation

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
Illustration; Source: QatarEnergy
Rules & Regulation

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