Delegations from some of the biggest oil producing nations, including Saudi Arabia and Russia, will discuss the future of oil supply cuts. Opec’s secretary-general believes recent cuts and improving demand are bringing the market closer to balance
More
The Ship Carbon Recycling Working Group, formed by MOL and Class NK among others, aims to explore the possibility of producing carbon-free marine fuel via methanation technology
More
The IMO has held virtual talks about potential short-term measures to reduce greenhouse gas emissions. Although unofficial, the discussions yielded some progress, according to critics of government action
More
The parliament's full legislative assembly will vote in September on whether to approve the rules that would impose the world’s first major legally binding greenhouse gas emissions requirements on ships
More
The world's second-largest economy saw its LNG imports surge in May as operations at its LNG terminals normalised following the coronavirus backdrop. China has also stepped up imports of cheaper LNG sources and turned away from piped gas supplies
More
No more ‘business as usual’ if shipping is to meet IMO targets
More
The shipping industry would have to put 36 ammonia-fuelled vessels into service every month to meet net carbon zero emissions targets, according to the International Energy Agency
More
Today’s longer payback cycle increases the level of residual value risk of LNG dual-fuel tankers, says Braemar ACM. But it adds that the fall in newbuilding prices goes a long way in reducing exposure from that risk
More