The evolving Environmental, Social, and Governance (ESG) agenda is not merely a prerequisite for operating in the dry bulk shipping industry of the 21st century; it is a roadmap for thriving amidst challenges and securing sustainable success, says The International Association of Dry Cargo Shipowners (INTERCARGO). Summarising INTERCARGO’s newly published ESG Review, Kostas Gkonis, INTERCARGO …
“Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. India and China have taken most of the crude oil and dirty products while Türkiye and Brazil have emerged as the main buyers of CPP. Year-to-date, Brazil’s import of Russian CPP has …
Brazil’s import of Russian clean petroleum products jumps 135% Read More »
The findings of the latest Seafarers Happiness Index report by the Mission to Seafarers show a positive start to 2024, with an overall increase in happiness from 6.36 in Q4 2023 to 6.94 out of 10 in Q1 2024. This was driven by a positive trend across all the aspects of seafarer happiness covered by …
Seafarers Happiness Index reveals uptick in Seafarer Wellbeing in Q1 2024 Read More »
A consortium between Actis and Fortescue has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman. The post Actis-Fortescue consortium to work on large green hydrogen project in Oman appeared first on Offshore Energy.
UK regulator North Sea Transition Authority (NSTA) has launched a competitive process inviting applications […] The post CO2 storage licenses in English Channel up for grabs appeared first on Offshore Energy.
French shipping heavyweight CMA CGM has held a naming ceremony for the newest addition to its fleet, CMA CGM Ambition. The post LNG-powered CMA CGM Ambition named in South Korea appeared first on Offshore Energy.
Deltic Energy is still on the lookout for a farm-out partner to ensure that its share of costs will be secured for the appraisal of a gas discovery in the North Sea. The post UK’s political and fiscal regime hampers Deltic’s ability to fund its share of appraisal costs for North Sea discovery appeared first …
China’s Dalian Shipbuilding has signed a contract to build two 175,000 cubic meter large-scale LNG vessels for Ocean Jade Invested Limited. The post Chinese shipbuilder picks up two large LNG carrier orders appeared first on Offshore Energy.
Hosted by the Leadvent Group, this forum brings together industry leaders, researchers, policymakers, and technology innovators to explore the transformative potential of advanced biofuels. Advancing Clean Energy Solutions As the world grapples with the urgent need to reduce greenhouse gas emissions, advanced biofuels emerge as a critical solution. These fuels, derived from sustainable sources, hold …
The UP World LNG Shipping Index (UPI) lost 0.06 points or 0.04% last week, reaching a closing value of 154.30 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 2.67%. The image below displays both indices. UPI is currently moving …
