Shares of Samudera Shipping Line Ltd. rose in early Thursday trade, after the company reported a significant rise in first-half net profit and on expectations that freight rates will remain elevated. The shipping company’s shares rose by as much as 17% to 1.19 Singapore dollars (US$0.86), bringing year-to-date gains to almost 128%. It was last …
Samudera Shipping Line Rises After Surge in First-Half Net Profit Read More »
U.S. Senator Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday announced a decision to add climate provisions to a budget reconciliation legislation that is expected to provide $369 billion in energy and climate investments. The package is said to promote zero and low carbon energy and support domestic production of offshore oil and …
U.S. climate bill promotes clean energy but ‘does not arbitrarily shut off’ oil and gas Read More »
The United Kingdom and the Netherlands have shared ambitions when it comes to renewable energy in general and offshore wind in particular. Considering this, how can we collaborate and find synergy within the different projects that the two countries are developing in the North Sea? During this round table, hosted by Coco Kossmann, we discussed …
Japanese shipping major Mitsui O.S.K. Lines (MOL) and compatriot start-up Metro Weather have conducted the world-first demonstration experiment using Doppler Lidar onboard an experimental vessel to measure wind conditions. Winz Maru. Courtesy of MOL For the purpose of this experiment, the MOL-owned small yacht Winz Maru was equipped with Metro Weather’s Doppler Lidar to navigate …
MOL vessel in world’s first onboard wind condition measurement device demo Read More »
Lake Erie – one of five connected bodies of freshwater that make up the Great Lakes system along the US-Canada border – might not seem like a solution to America’s supply chain issues. But it might just be exactly that, writes Stephen Starr for the BBC. Connected to the Atlantic Ocean via a system of …
International shipping accounts for approximately 3% of global Greenhouse Gas (GHG) emissions, and this will increase in a business-as-usual scenario. To decarbonize the maritime industry, there will be a massive need for green fuels and associated technologies. In particular, scalable zero-emission fuels (SZEF) such as green hydrogen and green ammonia are considered the most promising …
Global marine training course provider Stream Marine Training (SMT) has run its very first Battery and Fuel Cells Awareness course to arm seafarers with the knowledge on the life-threatening risks of lithium-ion batteries. As a fast-growing new vehicle fuel source, shipping companies are set to have new challenges around the dangers posed by lithium-ion batteries. …
Italian oil and gas company Eni has drilled and tested an exploration well in waters offshore Ivory Coast (Côte d’Ivoire), delivering a 25 per cent increase to the field’s reserves. Eni revealed on Thursday it has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and the second discovery on …
Ivory Coast well delivers ‘excellent results’ for Eni Read More »
Spanish clean energy company Iberdrola and UK-based oil and gas major BP plan to form a joint venture for large-scale green hydrogen production in Spain, Portugal, and the UK as well as production of green ammonia, and methanol. Illustration only; Courtesy of BP On 28 July, Iberdrola and BP announced their intention to form a …
Iberdrola and BP partner up on green hydrogen production Read More »
The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia’s supplies hit by sanctions head to Asia, industry sources and analysts said. A rise in floating storage supply along the strategic waterway is an indicator that …
Fuel oil stored in ships near Singapore to rise on more Russian supplies Read More »
