North Sea vessel operator expects tightening market to fix balance sheet
Emergency support vessel operator North Star expects a tightening of the market in the North Sea to deliver profits.
shipping
Future demand for green shipping fuel equal to current global renewable capacity
The global shipping industry will need the equivalent of the world’s entire current renewable energy production in order to decarbonise.
BP joins Global Centre for Maritime Decarbonisation as strategic partner
Oil giant BP (LON: BP) has joined an international organisation aimed at helping to axe emissions from the maritime industry.
Key Russian oil shipping rate triples after Ukraine invasion
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 teams up with Mitsui O.S.K. Lines for liquified CO2 shipping
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.
ICS backs shipping carbon levy over EU ETS
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 partners with AI company for enhanced trade compliance
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 to trial first hydrogen fuel cells for ships in Singapore
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.
Japan’s MOL eyes LNG, hydrogen and ammonia ships
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.
Maersk seeks methanol vessel in carbon neutrality push
AP Moller Maersk will launch the world’s first carbon neutral liner vessel in 2023, seven years ahead of its 2030 target.
Trafigura pitches carrot-and-stick to tackle shipping emissions
Trafigura has called for a new levy on marine fuels in order to reduce carbon emissions in the shipping sector.
Key countries agree to help bring home 200,000 seafarers stuck on ships
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.
Spear phishing picks up Egyptian opportunity
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.
Insurance out of step with African piracy risk
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
‘Major shipping change’ approaching alongside higher fuel prices
A defining moment in the history of the oil-refining and shipping industries is at hand.
Shipping industry waking up to low-carbon fuel opportunity
The shipping industry is waking up to the value of hybrid machinery systems for a variety of vessels.
Offshore industry vessel market faces anxious few years, analyst says
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 begins shipping cargo through Oman to bypass Gulf rift
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.
Union warns of decline in British jobs on UK ships
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.
Rogue wave in Bay of Biscay sideswipes tanker
Footage has emerged online showing a 'rogue' wave hitting a shipping tanker as it sails through the Bay of Biscay in the Atlantic.
Farstad shipping wins charter contracts
Norwegian shipping giant Farstad has won a number of charter contracts for its fleet.
Norwegian subsea vessel firm Rieber posts dismal Q2 results as work for fleet dries up
Norwegian firm Rieber Shipping fell into the red in the second quarter as work for its fleet dried up.
Shipping firm Clarksons delivers profits warning
Shipping services giant Clarksons warned on profits yesterday, saying its 2006 performance would be “materially lower” than last year.
Norwegian freight firm shuts Aberdeen offices
A Norwegian freight firm has shut its offices in Aberdeen and established a partnership with another firm to run the services previously offered.