The global shipping industry will need the equivalent of the world’s entire current renewable energy production in order to decarbonise.
Oil giant BP (LON: BP) has joined an international organisation aimed at helping to axe emissions from the maritime industry.
Freight rates are soaring as crude buyers struggle to find shippers willing to send their vessels into Russian ports because of the shelling in and around Ukraine.
Petronas and global shipping company Mitsui O.S.K. Lines (MOL) will jointly explore opportunities in liquefied carbon dioxide (CO2) transportation for the carbon capture, utilisation and storage (CCUS) value chain in Asia Pacific.
Aftermath of COP26 questions future of fossil fuels finance and what’s next for renewable energy investing
The COP26 climate conference in Glasgow should have made uncomfortable viewing for fossil fuel executives.
The International Chamber of Shipping (ICS) has called for a global carbon emissions levy on ships in order to drive progress on alternative fuels.
Shell International Trading and Shipping Company Limited is to integrate Windward’s proprietary AI-powered Predictive Intelligence solution to further streamline its trade compliance processes, Windward announced today.
Shell is carrying out a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the supermajor and the Southeast Asian city state.
Japanese company Mitsui O.S.K. Lines (MOL) – one of the world’s largest shipping companies - is set to focus on developing ships that run on liquefied natural gas (LNG), ammonia and hydrogen in order to hit its 2050 net-zero goal.
AP Moller Maersk will launch the world’s first carbon neutral liner vessel in 2023, seven years ahead of its 2030 target.
Trafigura has called for a new levy on marine fuels in order to reduce carbon emissions in the shipping sector.
More than a dozen countries with crucial global shipping hubs agreed to ease port and border restrictions for seafarers to help the more than 200,000 workers still stranded on vessels return home.
Two cyber campaigns have been identified that have been highly focused on particular parts of the oil and gas industry, using the same spyware Trojan, by security company Bitdefender.
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
A defining moment in the history of the oil-refining and shipping industries is at hand.
The shipping industry is waking up to the value of hybrid machinery systems for a variety of vessels.
Offshore vessel contractors are caught in the midst of “worrying times” with more than a quarter of the fleet laid up and reactivation costs high, new research shows.
Qatar has begun shipping cargo through Oman to bypass Gulf countries that have cut off sea routes to the tiny, energy-rich nation, the latest move by Doha to show it can survive a diplomatic dispute with its neighbours.
Jobs on UK-flagged ships are going to non-UK residents even though thousands of officers from this country are out of work, according to a report.
Footage has emerged online showing a 'rogue' wave hitting a shipping tanker as it sails through the Bay of Biscay in the Atlantic.
Norwegian shipping giant Farstad has won a number of charter contracts for its fleet.
Norwegian firm Rieber Shipping fell into the red in the second quarter as work for its fleet dried up.
Shipping services giant Clarksons warned on profits yesterday, saying its 2006 performance would be “materially lower” than last year.
A Norwegian freight firm has shut its offices in Aberdeen and established a partnership with another firm to run the services previously offered.
Shipping firm GC Rieber has more than doubled its deficit for 2015 compared with the previous year, with the failure of Dolphin Geophysical playing a part in the poor peformance.