On Friday, the White House released its long-awaited proposal for the next five-year offshore leasing program, and the contents appear to walk back President Joe Biden's campaign pledge to halt further offshore oil and gas auctions. It has drawn criticism from both the energy industry...
Despite the projections stating the global energy investments are to reach $2.4 trillion this year, much more is still needed to successfully tackle the issues of energy security and climate crises...
Despite all the reports that congestion is declining in many ports around the world as demand has softened, the major carriers have not been able to make significant gains in overall schedule reliability. The overall performance remains behind 2021 in spite of a decline in...
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has secured funding to initiate first of its kind Book & Claim System for shipping. The post Zero Carbon Center gets funding for 1st...
With the European Union nearing a final decision on its maritime emissions trade scheme and other countries increasing their focus on decarbonization, pressure is intensifying to achieve meaningful emissions reductions from the global maritime industry. Yet, despite increasing security on the industry a new analysis...
Only 33 out of 94 (35%) of the world's major shipping companies have a clearly expressed target to be net zero by latest 2050 or have committed to IMO targets of 50% absolute reduction in 2050...
The U.S. Coast Guard has to respond to a wide range of emergencies, but rarely does it get called in after a bar fight. That rare call came in on Tuesday from the giant cruise ship Carnival Magic, which was on her way back to...
Singapore’s Sembcorp Marine has handed over a newbuild drillship, described as the world’s first eighth-generation drillship, to Transocean. The post Sembcorp Marine delivers giant world’s first 8th...
QatarEnergy, the world's largest LNG exporter as of May 2022, has joined an industry initiative to effectively eliminate methane leakage from its natural gas operations by 2030. Methane is a potent greenhouse gas, about 80 times more powerful than CO2 over a 20-year timeline. Human-generated methane...
Florida-based marine solutions, transportation and logistics company Crowley has set priority areas for its sustainability […] The post Crowley publishes inaugural sustainability report...
