An industry survey into the transition to using compliant low-sulphur fuel oil since the beginning of 2020 shows that the switch hasn’t been completely pain-free for shipowners as fluctuating fuel oil properties lead to a myriad of issues. The survey focuses on issues such as increased sludge discha
The shipping industry is faced with a perfect storm. On the one hand, the pressure to decarbonize its operations and cut greenhouse gas (GHG) emissions by abandoning the use of fossil fuels is rising, promising to change shipping as we know it. On the other hand, a global pandemic is reshaping the g
Norwegian shipping and tank terminal company Odfjell SE has appointed Øistein Jensen as the company’s first Chief Sustainability Officer (CSO). Jensen, currently Chief of Staff, will lead Odfjell SE’s company-wide work on environmental, social and governance matters (ESG). “Our appointment of a Chie
Japanese shipping major K Line and Airseas, a spin-off of aerospace company Airbus, have obtained an Approval In Principle (AIP) from classification society ClassNK for the design of the Seawing kite system which converts wind energy into propulsive force with its flying kite. “Obtaining the AIP mar
Dry bulk shipping major Golden Ocean Group Limited (GOGL) has become a member of the Getting to Zero Coalition, a powerful industry alliance committed to accelerating maritime shipping’s decarbonization. The ambition of the coalition, which has over 110 company members, is to have commercially viabl
The main fears around the use of the low sulphur fuel as mandated by the IMO 2020 sulphur cap that entered into force in January 2020, such as lack of availability and poor quality of new fuels did not materialize paving the way for a much smoother transition than expected. Availability concerns wer
A new guide that aims to provide both port and shipping sectors with practical guidance on how to facilitate Just In Time Arrivals (JIT) has been released.
On August 6, Japanese shipping company NYK Line, shipbuilder Japan Marine United Corporation (JMU), and classification society Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel
Norwegian subsea contractor Ocean Installer has established a new business segment – developer of offshore wind. Consequently, the company has appointed Olav Hetland to the role of director Offshore Wind Farms to lead this strategy. This follows the appointment of Even Larsen as the director of Offs
Archer Knight has expanded its software-as-a-service market intelligence platform to include offshore wind developments as well as subsea oil & gas. The Aberdeen-based subsea market intelligence and consultancy firm, formed by Mike Watson & David Sheret, launched Flowline this year. The platform giv
The board of directors of Equinor has appointed Anders Opedal as the new president and CEO of Equinor from 2 November 2020.
Sustainable Marine Energy (SME) will supply three next generation PLAT-I floating tidal energy systems, with a rated power output of 420kW each, to project entity Spicer Marine Energy. Spicer Marine Energy has signed a design build and operate (DBO) agreement with reconcept GmbH for the first phase
Scorpio Bulker’s decision to invest in a wind turbine installation vessel, announced earlier this week, came as a major surprise for the market, with many questioning the motives behind the dry bulk operator’s bold move into a brand new sector. The company signed a Letter of Intent with South Korean
The integration of offshore energy systems, including oil and gas, renewables, hydrogen, and carbon capture and storage, could deliver around 30 per cent of the UK’s total carbon reduction requirements needed to meet the 2050 net-zero target, the OGA said.
