The Uncertainty And Instability Created By A Credit-Trading Policy Architecture, Favours States With Strong Industrial Policy

A new report from UCL’s Energy Institute Shipping and Oceans Research Group shows that biggest implication of the three policy scenarios currently being debated is the level, stability and predictability of revenue they would likely generate. Stable and predictable revenue generation, crucial for enabling a just and equitable energy transition, is only possible in scenarios …

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Maritime industry needs regulatory action to meet decarbonisation and digitalisation goals

Lloyd’s Register’s Global Maritime Trends 2025 Barometer warns that fragmented regulation is undermining progress in decarbonisation and limiting investment. The global shipping industry risks falling short of its net-zero and digital transformation ambitions without sufficient regulatory support enacted at a global level, according to the inaugural Global Maritime Trends 2025 Barometer by Lloyd’s Register (LR) …

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First-of-a-kind Sustainable Crewing Guidelines to safeguard seafarer well-being and protect supply chains from workforce crisis

In a first-of-a-kind move to improve seafarer well-being and tackle worsening labour shortages in the shipping industry, the Global Maritime Forum today launched new Sustainable Crewing Guidelines, nine concrete recommendations to improve life at sea. The guidelines aim to boost working conditions and alleviate the forecasted shortfall of 90,000 trained seafarers by 2026 – a …

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Russian oil freight rates from Baltic ports to India ease as more Western shipowners return

Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an increase in offers from Western shipowners after Urals crude oil prices fell below a price cap of $60 per barrel, two traders said. The Group of Seven countries, in coordination with the EU, imposed the …

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Fluxys kicks off construction of hydrogen pipeline network in Belgium

Fluxys has started the construction of the first phase of its hydrogen pipeline network in Belgium, marking a step forward in the transition to a sustainable and low-carbon future. The post Fluxys kicks off construction of hydrogen pipeline network in Belgium appeared first on Offshore Energy.

BW Offshore wraps up $125 million FPSO sale to US firm

Norwegian FPSO operator BW Offshore has finalized the sale of its floating production, storage, and offloading (FPSO) unit to a subsidiary of Houston-based oil and gas player Murphy Oil Corporation. The post BW Offshore wraps up $125 million FPSO sale to US firm appeared first on Offshore Energy.

EPS expands fleet with new 7,000 CEU dual-fuel PCTC

Singaporean shipowner Eastern Pacific Shipping (EPS) has taken delivery of Lake Travis, the fifth 7,000 CEU dual-fuel pure car and truck carrier (PCTC) built by China Merchants Jinling Shipyard (Weihai). The post EPS expands fleet with new 7,000 CEU dual-fuel PCTC appeared first on Offshore Energy.

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