The U.N. shipping agency approved further measures on Thursday to boost the energy efficiency of commercial vessels although critics said the move fell short of what was needed to cut the industry's carbon footprint.The International Maritime Organization (IMO) formally adopted the rules to reduce the carbon intensity of existing ships after member states reached agreement on the plans at a
The 15,000 TEU Brussels Express is the first large containership in the world to have been converted to liquefied natural gas (LNG) propulsion, German shipping company Hapag-Lloyd said on Monday, as operators look to LNG fuel to reduce their environmental footprint.In September 2020, the ship went into the Huarun Dadong Dockyard in Shanghai where the conversion was performed.
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition, officials and diplomats said.To try to block the $11 billion project, led by Russia’s Gazprom, successive U.S.
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.
Most people these days are aware of risks inherent in our increasingly electronic maritime industry. There is malware, ransomware, and spear phishing to name a few. But a new one has been recently identified – cosmic rays.Cosmic rays are high-energy protons and atomic nuclei which move through space at nearly the speed of light.
Italian shipbuilder Fincantieri's planned acquisition of state-controlled French rival Chantiers de l'Atlantique to create a European "Airbus of the Seas" is facing collapse barring last-minute political intervention from Paris or Rome.With the offer due to expire in two days after repeated deadline extensions over competition concerns
The European Union will push for tougher standards to cut the CO2 emissions intensity of ships at a meeting of the United Nations' maritime agency next week, a senior official said on Thursday.The International Maritime Organization (IMO) will next week discuss measures to steer shipping towards its pledge to halve shipping's greenhouse gas emissions by 2050, from 2008 levels.
London and Brussels agreed on Sunday to “go the extra mile” in coming days to try to reach an elusive trade agreement despite missing their latest deadline to avert a turbulent exit for Britain from the European Union’s orbit at the end of the month.British Prime Minister Boris Johnson and the president of the EU’s executive Commission
Turkey will not bow to threats in its dispute with Greece and Cyprus over maritime claims in the eastern Mediterranean, President Tayyip Erdogan said on Monday as European Union foreign ministers met in Brussels to discuss the issue.But Erdogan also said Turkey wanted negotiations over the conflicting claims to continental shelves and rights to potential energy resources.
The European Union's latest strategy to defuse tensions with Turkey is unraveling, two weeks after it was sealed, raising the risk of conflict in the Eastern Mediterranean, diplomats, officials and experts said.Despite an EU summit deal in the early hours of Oct. 2 aimed at persuading Ankara to stop exploring for natural gas in waters disputed by Greece and Cyprus
The European Union on Monday said it would toughen its rules on ship recycling and decommissioning offshore oil and gas sites, and set new targets to restore damaged marine ecosystems.Sectors linked to seas and oceans, such as shipping, fishing and offshore electricity generation, employ more than 4 million people in the EU.