Lesley Bankes-Hughes

Ahead of the European Commission’s imminent review of the EU Emissions Trading System (ETS), European Shipowners

The SBM Offshore and Technip Energies Joint Venture (STS JV) and TotalEnergies EP Suriname have agreed to work with French firm Beyond the Sea to evaluate wind-assisted kite traction towing for Suriname’s GranMorgu Floating Production, Storage, and Offloading (FPSO) vessel project. The key objective is to reduce towing duration and fuel consumption by using a

The UK Maritime Trade Operations (UKMTO) Centre said it has received a report that a tanker was hit by an ‘unknown projectile’ earlier today (17 July) at a position 19 nautical miles east of Khasab in Oman. The tanker is said to have sustained minor structural damage to the port side and is now continuing

Maritime organisations have responded positively to the European Commission’s (EC) review of the EU Emissions Trading System (ETS), with strong backing for its ambition to increase targeted investment in the decarbonisation of the sector, but there remain concerns over a perceived lack of clarity on how existing EU regulations could be harmonised with any future

Capital Ship Management, K Shipbuilding and Lloyd's Register are teaming up on a joint development project which will assess whether wind-assisted propulsion can generate commercially viable efficiency gains for standard product tanker operations The project will assess whether wind-assisted propulsion can deliver commercially viable efficiency gains for standard product tanker operations. While wind-assisted propulsion has

Nick Potter, President and CEO of AET and immediate past Chairman of Oil Companies International Marine Forum (OCIMF), joins Paula Vieira, Director General of Environmental Policy at Transport Canada, as co-chair of the Clean Energy Marine Hubs’ (CEM-HUBS) Steering Committee, and he also takes up a role as Chair of the CEM-HUBS Private Sector Group

U.S. Department of Energy data shows that crude oil stocks in the country’s Strategic Petroleum Reserve (SPR) have fallen by 10.7 million barrels this month to reach 311.4 million barrels on 17 July, which is the lowest volume since March 1983 and equates to around 43% of authorised SPR capacity. The drawdown is in line

Spanish energy company Enagás has agreed to purchase Osaka Gas's 20% stake in the Saggas regasification plant in Sagunto which will take its shareholding in the facility up to 92.5%. The transaction, which is valued at €31 million, is expected to close before the end of 2026, subject to obtaining regulatory approvals. The balance of

Los Angeles-headquartered marine technology company Arc has become a member of the Maritime Battery Forum. Established in 2021, Arc designs battery systems, powertrain, thermal management systems, and software. Arc’s technology is installed on recreational boats, and it is now applying its knowledge to larger commercial vessels. The company is currently developing a fleet of eight

South Korea refiner S-Oil is reported to have launched supply of a B30 very low sulphur fuel oil (VLSFO) at the country’s largest port, Ulsan. The product launch was widely reported today (22 July) by local media. According to the AJP news agency, S-Oil produces VLSFO at its Onsan facility and combines it with biofuel