Tag: set
Israel-Palestine conflict set to create challenges in maritime industry while trade continues with caution
The Israel-Palestine conflict, marked by recent violence between Israel and Hamas, has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. “In light of recent developments in the Middle East, including the outbreak of war in Israel and its vulnerability to missile…
CII review set to address issues
The implementation of the Carbon Intensity Indicator is a significant milestone in the shipping industry’s journey towards decarbonisation, but it has inherent problems. The industry is calling on the International Maritime Organization (IMO) to urgently address its imperfections. The CII is a measure used in the maritime industry to assess and track the carbon emissions…
MOL, PETRONAS and MISC Set the Stage for the Development of Liquefied CO2 Carriers
Mitsui O.S.K. Lines, Ltd. yesterday announced that MOL has principally reached an agreement with two Malaysian companies PETRONAS CCS Ventures Sdn Bhd (PETRONAS CCS Ventures), a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS) and MISC Berhad (MISC), a global provider of energy related maritime solutions and services, for the potential establishment of a joint venture…
Carbon dioxide shipping set to surge on rising offshore storage demand
Carbon dioxide transportation is shifting to the seas as emitters look to move captured gas to offshore storage projects, according to Rystad Energy. A fleet of 55 carriers will be required by 2030 to ship more than 90 million tonnes per year of CO2, along with 48 terminals to handle the import and export of…
