Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
Operations at the Port of Gibraltar have ground to a halt following a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred during a ship-to-ship refueling operation involving the Panama-flagged LPG tanker Gas Venus, at approximately 8:22 a.m. on Tuesday morning. As info
Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i
As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim
Officer supply shortfall has reached a record high and is not expected to improve, leading to manning cost inflation, according to the latest Manning Annual Review and Forecast report published by shipping consultancy Drewry. The 2023 officer availability gap has widened to a deficit equating to abo
The much-anticipated removal of more than 1 million barrels of oil from the decaying FSO Safer off Yemen’s Red Sea coast started today. The ship-to-ship transfer of oil to the replacement tanker Yemen, formerly known as Nautica, which arrived in Yemen a few days ago, is expected to last 19 days. The
Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee
A very large crude carrier the Nautica, bought in March by the UN Development Programme (UNDP) from Euronav, as part of a coordinated operation to remove oil from decaying FSO Safer, has arrived in Yemen. The arrival of the VLCC has been confirmed by Yemeni Foreign Minister, Ahmed Bin Mubarak. Nauti
The second newbuild LNG dual-fuel very large crude carrier (VLCC) has been delivered to UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC). ADNOC confirmed the delivery of the vessel named Hasbhan on 17 July. This is th
The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen
The 80th session of IMO’s Marine Environment Protection Committee (MEPC 80) has initiated the review of the short-term measures, ie the Carbon Intensity Indicators (CII), Energy Efficiency Existing Ship Index (EEXI) and Ship Energy Efficiency Management Plan (SEEMP), by approving the plan for such a
UAE-based shipping company Transworld Group and Hong Kong-based ship management company Fleet Management (FLEET) have established a new ship management joint venture, Transworld Fleet Management. The JV will provide dedicated technical management services to Transworld Group’s fleet which includes c
The first quarter of 2023 saw Carbon Emissions Index (CEI) improvements on the majority of top 13 container trades, evaluated by Xeneta, an Oslo-based ocean and air freight rate benchmarking and market analytics platform. The average CO2 emitted per ton of cargo carried fell on ten of the world’s le
Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled. With 62 orders secured in the first six months of 2023, metha
