Digitalization and automation are a hot topic in the shipping industry with the digital twin technology developing rapidly in vessels’ simulation or individual components, such as engines or thrusters.
Shipowners, operators and charterers face technical, commercial and legal challenges in the run-up to the IMO’s January 2020 sulphur cap. In the following article, Ian Short, a Campbell Johnston Clark partner, explains some essential contractual precautions.
After three successive years of growth, the global service market will see a recession in 2020 driven by lower oil prices, according to research firm Rystad Energy. In a new update, Audun Martinsen, head of oilfield services, forecasts a 4% decline in global oilfield service revenue if oil prices stay flat next year.
In the most recent Energy Transition Outlook, DNV GL presents its timeline of the next 30 years of the energy transition, which shows many astonishing milestones. Namely, the one of the key takeaways of the timeline is the peak of energy supply and demand, but there are other significant milestones as well. According to the timeline oil will peak at 2022, while 4 years later transport energy demand will peak.
In light of DNV GL’s Energy Transition Outlook 2019 launch, this infographic describes 10 measures that aim to help close the emissions gap to well below 2°C. However, DNV GL added that policies must also be developed in order to mitigate at least three fronts at the same time: higher energy efficiency, more renewables, and industrial-scale CCS.
As part of its Energy Transition Outlook 2019, DNV GL provided an independent outlook on the maritime energy future examining how the energy transition will affect the industry. The report forecasts that new fuels, alongside energy efficiency, will play a key role on meeting the IMO greenhouse gas ambitions.
DNV GL issued its Energy Transition Outlook for 2019 examining the energy future through to 2050. The forecast says the technology available is able to deliver the Paris Agreement climate goals, but only with strongly enforced policies aimed to enhance Nationally Determined Contributions.
Germany-based MAN Energy Solutions announced it has become a partner of the Bavarian Hydrogen Council, focusing on expanding hydrogen technology in Bavaria. As partner, the company will work with other major players from politics, finance and science to drive the development of hydrogen technology.
After analyzing 55 cases of Mergers and Acquisitions in the North Sea, energy consultant Wood Mackenzie found that only 18 have made a positive return. Two factors have had the biggest impact on value destruction: asset under-performance (post-deal) and oil and gas price movements.
While a 100% renewable society is becoming a reality for many, others are making serious commitments towards adopting clean energy. For this reason, Wartsila presents some of the trends for 2019, which could lead the world closer towards clean energy.
Trafigura proposes carbon levy on shipping fuels25/09/2020
Spain must recover illegal state aid for ships built in domestic shipyards, EU court says25/09/2020
- Maritime Health
Update Sept: Live map depicts spread of coronavirus25/09/2020
New Zealand: Update on COVID-19 restrictions25/09/2020
Brazil updates berthing and mooring rules25/09/2020
Owner of New Diamond to pay $1.8 million for Sri Lanka’s help25/09/2020
World's largest LNG container ship named ''CMA CGM Jacques Saade''25/09/2020
IMarEST issues guide on scrubber challenges25/09/2020
450 coronavirus positive seafarers, quarantined onboard for weeks25/09/2020
First lock gate for the new IJmuiden sea lock at Port of Amsterdam installed25/09/2020