The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027
A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant victory to environmental groups and raising uncertainty over future fossil fuel developments in the UK.The Court of Session in Edinburgh found that the government had unlawfully granted approval for Shell's Jackdaw gas field and Equinor's Rosebank oil and gas field by
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders.
You just might get it.In the waning days of the Biden administration, the executive orders and such that get announced seemingly on a daily basis signal countless victories for that side of the equation. And, no matter which side of that great divide that you reside on, it is likely that some of those edicts will be quickly reversed by the incoming President.
Spoiler Alert: we already know what to do. Some of it just isn’t physically possible. Help isn’t going to come from South Korea.Just two days following Donald Trump’s historic election victory, positioning him to become just the second U.S. President to be elected twice, in separate, non-following terms, the headlines curiously turned to shipbuilding.
Danish offshore wind developer Orsted can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald Trump's administration halted the project last month.The ruling is a legal setback for Trump, who has sought to block expansion of offshore wind in U.S. waters.
The Coast Guard (including its heritage services) have employed boats since the beginning. Boats are just as important, if not more so, than ever.America’s first “boat force” came about in 1878, with the creation of the United States Life Saving Service (USLSS), whose boat crews rescued mariners in distress along the nation’s coast line.
In a move aimed at better serving its customers, Great Lakes East (GLE) has officially relocated its Florida port operations for the Jones Act–compliant Caribbean Breakbulk barge service to Port Canaveral. The new operations are now being managed through GT USA’s Canaveral Cargo Terminal (CCT)—a modern
China's presence around the Panama Canal is a national security concern that Panama's government has to deal with, Mauricio Claver-Carone, the U.S. special envoy for Latin America, said on Friday, ahead of U.S. top diplomat Marco Rubio's visit to the country.Rubio will depart on Saturday on his first foreign trip
ST Engineering has launched the Republic of Singapore Navy (RSN)'s first Victory-class Multi-Role Combat Vessel (MRCV), Victory, at its Benoi Yard.MRCV Victory is the first of six MRCVs to be built by ST Engineering under a detailed design and construction contract awarded by the Ministry of Defence (MINDEF) in 2023.
South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources.KDB was unavailable for comment after business hours.
The fifth Multilateral Naval Exercise Komodo, hosted by the Indonesian Navy, began on February 16.The biennial exercise will continue until February 22 in Bali, Indonesia, and will involve over 30 ships from more than 15 countries. Russia, China, India and the US are among the participating nations.