UK signals readiness for oil & gas tax shift with £50 billion energy investment in play

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has taken steps to engage in talks with the UK government to strike a deal and unlock multibillion-dollar energy industry investment boost by replacing the energy profits levy (EPL). The proposed regulatory shift has the potential to pave the way for homegrown energy growth, …

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Middle East oil supply disruption spurs Thailand to zero in on domestic production

Canada-based Valeura Energy, an oil and gas company, is seeking further insight from Thailand regarding the Southeast Asian country’s recent request to oil producers to postpone planned downtime at oil production facilities and temporarily suspend crude oil exports. The post Middle East oil supply disruption spurs Thailand to zero in on domestic production appeared first …

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Iran war disrupts global ocean freight and air cargo supply chains beyond oil

The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply chain beyond oil, affecting everything from pharmaceuticals from India, semiconductors from Asia and oil-derived products like fertilizers that come from the Middle East. Cargo ships are stuck in the Gulf or making …

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European Industrial Maritime Strategy highlights strategic role of shipping for energy and supply chain security, rejecting protectionist calls

European Shipowners welcome the European Industrial Maritime Strategy, which was published by the European Commission today. Reflecting on the recent geopolitical instability, the Strategy recognises the strategic role of shipping for Europe’s energy and supply chain security. It proposes measures to strengthen the international competitiveness of European shipping and the whole industrial cluster. European shipping …

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World Shipping Council responds to EU Ports and Maritime Industrial Strategies

The World Shipping Council today welcomed the European Commission’s focus on strengthening port security and advancing maritime decarbonisation in its EU Ports Strategy and Maritime Industrial Strategy. On security, WSC supports the strong emphasis on tackling organised crime and protecting Europe’s trade gateways, backing stronger public-private partnerships and two-way information sharing between authorities, shipping lines …

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Orca AI extends situational awareness to full 360° Field of View

Maritime AI company Orca AI has launched the next generation of its AI-based operational platform, delivering a seamless 360° field of view (FOV) around a vessel as a foundation for advanced collision avoidance and autonomous navigation. DIGITAL WATCHKEEPING SUPERCHARGED The 360° FOV configuration is enabled by three SeaPod lookout units, each equipped with high-sensitivity RGB …

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