Further shipping talks are scheduled for next year after delegates at a U.N. agency meeting that sought to speed up decarbonization of the sector failed to make progress, officials said on Friday.The sector, which transports about 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under pressure to deliver concrete action including a carbon levy.
World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonize by 2050, a senior industry official involved in the meeting said.Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions.U.N.
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220,000 barrels per day (bpd) of oil capacity to Guyana's current 120,000-bpd output when it reaches maximum capacity.
Britain said on Wednesday that people should buy normally for Christmas and there would be no shortage of gifts after shipping containers carrying toys and electrical goods were diverted from the country’s biggest port because it was full.Maersk, the world’s largest container shipping company
A large oil spill off the southern California coast left fish dead, birds mired in petroleum and wetlands contaminated, prompting local officials to call it an environmental catastrophe.The U.S. Coast Guard, heading a clean-up response involving federal, state, and city agencies, said on Sunday there was an around-the-clock investigation into how the spill occurred.
The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical manager said on Wednesday.The Ever Given was declared suitable for onward passage from the Great Bitter Lake to Port Said, where she would be assessed again before departing for Rotterdam
An injured crew member was medevaced from a U.K.-flagged containership more than 46 miles west of San Luis Obispo, Calif., on Friday.The captain of the 1,060-foot Hyundai Jupiter contacted 11th U.S. Coast Guard District command center watchstanders requesting assistance for the ailing mariner who reportedly suffered injuries from a 16-foot fall.
Shipping group Maersk said on Wednesday it would accelerate plans to decarbonize sea-borne container shipping by putting the world's first vessel powered by carbon-neutral fuel into operation in 2023, seven years ahead of its original plan.The shipping industry, which carries around 80% of global trade and accounts for around 3% of global carbon emissions
France has offered Italian shipbuilder Fincantieri's a one-month extension to its planned acquisition of French rival Chantiers de l'Atlantique, the finance ministry said in a statement sent to Reuters on Wednesday.State-controlled Fincantieri has accepted the proposal, a spokesman said.
The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 2.6 kilometer-long portion of the pipeline, which had been stalled by the threat of U.S. sanctions."We have completed this work," the consortium said in an emailed statement, referring to the pipe-laying in the German economic zone.
Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday.Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.
The captain of a dive boat that caught fire last year near Santa Cruz Island, resulting in 34 deaths, was indicted Tuesday by a federal grand jury on 34 counts of seaman’s manslaughter.Jerry Nehl Boylan, of Santa Barbara, was named in the indictment by a federal grand jury that alleges Boylan, as the captain and master of the Santa Barbara-based Conception