Canada's Prime Minister Mark Carney signed an agreement with Alberta's premier on Thursday that rolls back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast.Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity in exchange for
U.S. President Donald Trump's administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet over the next 15 years.The plan fulfills a directive in Trump's One Big Beautiful Bill Act, which passed last month
The U.S. on Tuesday rejected the "Net-Zero Framework" proposal by the IMO, which is aimed at reducing global greenhouse gas emissions from the international shipping sector, and threatened measures against countries that support it.The announcement, made in a joint statement by Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick
Global insurer Allianz Commercial recently issued its 2025 Safety & Shipping Review, examining maritime risk trends and losses. The report revealed that the shipping industry has made significant improvements when it comes to maritime safety in recent years. During the 1990s the global fleet was losing 200+ vessels a year.
Norwegian shipowners agree: the obsession with new fuels is eliding a valuable discussion of the potential of fuel efficiency. The Aurora-class has enabled Höegh Autoliners to reduce emissions by around 58% per car carried, “before we even use low carbon fuels,” CEO Andreas Enger said.
EcoNavis Solutions has completed retrofit installation of its Eco Boss Cap to a second vessel operated by Thailand-based Kaizen Ship Management. The successful installation marks the first repeat order for the energy-saving propeller technology since market introduction last year.The latest retrofit, carried out last week on the 32,491dwt bulk carrier YC Fortitude
EcoNavis has launched a new online savings calculator to help shipowners and operators make an initial assessment of the fuel-saving potential of an Eco Boss Cap retrofit.Available on the EcoNavis website (econavis.co.uk), the Eco Boss Cap Savings Estimator allows users to enter basic vessel information – ship type, dimensions
Russian flagship Urals oil is selling at a premium to the Brent international benchmark at delivery in Indian ports for the first time ever, fuelled by rising demand due to the Iran war, traders said on Friday.The U.S.-Israeli war against Iran, which began a week ago, has choked the Strait of Hormuz, the main route for global oil.Russian oil had traded at a discount of several U.S.
The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine.Russia exports over a third of its oil in Western tankers - mostly from Greece, Cyprus and Malta - with the help of Western shipping services.
The U.S. Coast Guard recently conducted a marine casualty investigation into an uncontrolled release of isobutane from a 2-inch cargo tank pipe aboard a pressure barge certificated to carry flammable cargoes. The direct cause of the incident was traced to the failure of the studs of a ball valve installed on a cargo tank’s gauging pipe which sheared off and caused the ball valve to separate from
Foreign vessels will require the approval of Russia's FSB security service to access the country's ports, according to a decree signed by President Vladimir Putin.The decree said that permission from port authorities for foreign ships to enter would need to be agreed with the FSB, which is the main successor organisation to the Soviet-era KGB.
Several Greek-managed tankers transporting Russian oil to Asia are increasingly avoiding the Red Sea, opting instead for the longer route around Africa, due to escalating security threats from Houthi attacks, three oil traders and LSEG shipping data show.The rerouting follows a deadly drone and speedboat assault earlier this month on a Liberian-flagged, Greek-operated bulk carrier off Yemen