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Transition

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IMO headquarters
Transition

Trafigura proposes carbon levy introduction to IMO

Trafigura, one of the world’s largest ship charterers, has proposed that the International Maritime Organization (IMO) introduces a carbon levy to help boost competitiveness and uptake of alternative fuels. The company is proposing a levy between $250 and $300 per metric tonne of CO2 equivalent on s

about 6 years ago
Ponant
Transition

Ponant first int’l cruise line to join Green Marine

France-based Ponant has become the first international cruise line to join the Green Marine environmental certification program for the marine industry.

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about 6 years ago
Hamburg Port
Transition

Seafarer humanitarian crisis in the spotlight of World Maritime Day

On 24 September, the IMO and the global maritime community come together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. The topic is in line with the industry-wide efforts pushing to save fuel, and develop green energy sources as they wor

about 6 years ago
Teekay
Transition

Teekay Group becomes member of UN Global Compact

Teekay Corporation, Teekay LNG Partners and Teekay Tankers have joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.

about 6 years ago
IMO headquarters
Transition

Shipping needs to step up and introduce a carbon levy before EU does

With the EU advancing on its plans to include international shipping in its Emissions Trading System (ETS), the pressure is on for the international maritime industry to introduce a market-wide measure to pay for its share of emissions. Under the plan, the EU wants to include the maritime sector int

about 6 years ago
Ferry
Transition

ABB to power P&O’s eco-friendly super-ferries

Technology company ABB has won a contract with China’s Guangzhou Shipyard International Ltd for supplying a full scope of integrated solutions for P&O Ferries’ two new vessels.

about 6 years ago
Illustration
Transition

DNV GL forecasts limited hydrogen uptake as it breaks down fuel choice prospects in shipping’s decarbonization

DNV GL pointed to a relatively limited uptake of hydrogen as a ship fuel in the fourth edition of its Maritime Forecast to 2050 presented on Tuesday. The surprising assessment is a result of both the estimated price of the fuel and the investment costs for the engine and fuel systems. The forecast a

about 6 years ago
Illustration; Source: ExxonMobil
Transition

Energy transition could force majors to sell or swap $100B in oil and gas assets

To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said.

about 6 years ago
Energy storage
Transition

Stena to use large ‘powerbanks’ in charging stations at ports

Swedish Stena Group is developing a solution to use recycled batteries in charging stations at ports. The project is targeting the development of a new type of energy storage, similar to very large powerbanks, which will be essential for the quick charging of electric ferries in the future. The core

about 6 years ago
Digital twin BP
Transition

BP rides the wave of digitalization with reduction in operating costs and revenue boost on the horizon

BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.

about 6 years ago
Nexans cable laying vessel
Transition

Nexans eyes carbon neutrality by 2030

Cabling specialist Nexans plans to become carbon neutral by 2030. The company announced this at its inaugural Climate Day event in Paris on September 22, 2020. Nexans plans to achieve carbon neutrality through a specifically defined roadmap: 4.2% average annual reduction of company greenhouse gas em

about 6 years ago
Shell CEO Ben van Beurden
Transition

Shell in major cost-cutting drive as it gears up for energy transition

Oil major Shell has launched a major cost-cutting drive to save cash and overhaul its business in preparation for the energy transition.

about 6 years ago
Norwegian Government building; Source: Regjeringen.no
Transition

Norway to launch $2.7 billion Longship carbon capture and storage project

The Norwegian government has submitted a proposal to Norwegian Parliament to launch “the greatest climate project in Norwegian industry ever” –carbon capture and storage (CCS) project named Longship.

about 6 years ago
Jonathan Fuller, Global Head of Advisory and Energy Transition at Xodus Group
Transition

Xodus delivers tariffs study for Dutch CCUS project

Engineering consultancy Xodus Group has delivered a review into tariffs for a landmark carbon capture utilisation and storage (CCUS) project in the Netherlands. The review for the Dutch Ministry of Economic Affairs and Climate Policy analysed proposed fees for the transport and storage requirements

about 6 years ago