Western price caps on Russian exports coincide with steep discounts on Russian crude and diesel — but not because of the caps themselves. There are fewer buyers of Russia’s exports, with the EU, U.S., U.K. and Australia banning cargos altogether and others pulling back in fear of future sanctions. The lower the competition, the lower …
Price cap on Russian crude could soon face its biggest test Read More »
Proman Stena Bulk, the joint venture between leading tanker company Stena Bulk and the leading methanol producer Proman, has today announced the successful completion of the first ever barge-to-ship methanol bunkering on the US Gulf Coast. The JV tankers Stena Pro Marine and Stena Prosperous were refuelled with methanol via barge while discharging clean petroleum …
A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation. It represents another milestone in the development of this lower-carbon energy solution. The shipment is the result of a successful multiparty collaboration across the low-carbon ammonia value chain. The ammonia was produced by SABIC Agri-Nutrients (“SABIC AN”) …
In response to the IMO’s implementation of the Carbon Intensity Indicator (CII), RINA has launched a Vessel Reporting System (VRS) aimed at boosting decarbonisation efforts through simple reporting. Vessel reporting can be extremely time-consuming, and the new CII regulation will pressure ship owners and managers further. The new flexible reporting tool from RINA will collect …
RINA releases new advanced Carbon Intensity Indicator Calculator and Simulator Read More »
ClassNK has released “Guidelines for Wind-Assisted Propulsion Systems for Ships (Edition 2.0)”, which specify requirements for ensuring the safety of ships equipped with wind-assisted propulsion systems based on the latest insights obtained from the involvement in actual installation projects. As a solution for responding to the EEXI regulations and CII rating, and fuel costs reduction, …
As part of the commitment powered through the Panama Maritime Authority (PMA) with the maritime, port and logistic sectors of the country, we can inform that after 105 meetings, the tripartite consultation process held by the Sea Tripartite Table, ended, with the participation of representatives from the government, workers and employers. This process highlighted the …
The Tripartite Table Ends With The Consensus Of The Government, Seafarers And Shipowners Read More »
The “transition” part of the energy transition is beginning to show a more defined shape with each passing day as witnessed in a week behind us that was filled with announcements favoring the net-zero future coming from governments and all the way to private offshore energy companies.
With the global energy crisis running the show, countries around the globe are working to strengthen the security of their energy supply. In line with this, Türkiye’s government and its national oil and gas company, Türkiye Petrolleri A.O. (TPAO), have tucked a new milestone under their belt with the achievement of first gas from a …
The Australian Petroleum Production & Exploration Association (APPEA) has thrown support behind the Climate Change Authority’s focus on carbon capture technology, after the importance of carbon capture utilisation and storage (CCUS) to reaching net-zero was highlighted in CCA’s new report, urging for more support to back the technology. Carbon capture and storage (CCS) process; Source: Energy …
Carbon capture utilisation and storage to bring ‘significant’ benefits to Australia Read More »
SOFEC, a MODEC Group company, has received approval in principle (AiP) from classification society DNV for its newly developed ammonia transfer system. Courtesy of MODEC The new ammonia transfer system uses two mooring technologies: CALM Buoy and Tower Mooring solutions. According to the developer, the system is aiming to alleviate the challenge of transporting liquid …
MODEC company obtains DNV’s approval for ammonia transfer system Read More »
