Emissions for the EU Emission Trading System (EU ETS) will be reported and verified through the EU MRV system, which will be revised to cover GHG emissions, ship types and sizes. DNV expert Sven Dudszus shares insights on what these changes mean for the reporting process and compliance. Can you give a brief overview of …
Analysis from SEA-LNG, the coalition established to demonstrate the commercial and environmental benefits of the LNG pathway, shows the lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways. Building on recent work by the Mærsk Mc-Kinney …
A profit gap has opened up in the liner shipping sector, but we expect it to close in the near term as the differential between long-term and short-term rates narrows. Still, profitable lines with higher contract coverage will soon be sharing the red ink of their more spot-orientated rivals. In 1Q23, container shipping companies experienced …
Decoding the profit divide among container carriers in 1Q23 Read More »
The Baltic Exchange’s main sea freight index rose for a tenth straight session on Thursday, supported by higher rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, was up 15 points, or 1.4%, at 1,094 – its highest since May 30. The …
Baltic index extends gains on stronger vessel rates Read More »
El car carrier Auto Energy, de United European Car Carriers (UECC), recibió el 25 de mayo en el puerto de Sagunto su primer suministro de gas natural licuado (GNL) como combustible en el Mediterráneo. La operación, de camión cisterna a buque (Truck to ship, TTS), se llevó a cabo con la colaboración de Repsol y ESK. También …
El Auto Energy de UECC recibe su primer suministro de GNL en el Mediterráneo Read More »
La frustración de los pescadores de Senegal y Costa de Marfil que trabajan a bordo de atuneros de propiedad española y francesa que faenan en el golfo de Guinea y el océano Índico en el marco de los acuerdos de colaboración de pesca sostenible de la UE condujo la semana pasada a la convocatoria de …
UK-headquartered energy giant Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage to enable global energy security in the foreseeable future. Bearing in mind the energy industry’s pivot towards low-carbon sources to accelerate …
Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie Read More »
As the spending on clean energy seems to be growing by leaps and bounds while investments in fossil fuels are not keeping up with this pace, the International Energy Agency (IEA) believes that this pivot to green and low-carbon sources is paving the way for peak oil demand to come into view. Is black gold …
With peak oil demand in sight, is the end of the black gold era really approaching? Read More »
Hitachi Energy has secured a contract with Spanish and French electricity transmission operators to supply HVDC converter stations for the first subsea electricity interconnection between France and Spain. The Biscay Gulf at the border between Spain and France. Source: Hitachi Energy The contract for the Biscay Gulf interconnection has been awarded by Electricity Interconnection France-Spain …
Converter stations ordered for first subsea interconnector between France and Spain Read More »
Dutch-Norwegian company SolarDuck has signed a letter of intent with subsidiaries of Tenaga Nasional Berhad (TNB), the largest utility in Malyasia, to develop a 780kW offshore floating solar plant off the coast of Tioaman island. Illustration/Concept for SolarDuck’s offshore solar installation in Malaysia (Courtesy of SolarDuck) As part of the global roll out of offshore …
SolarDuck partners up for 780kW offshore solar project in Malaysia Read More »
