Brightoil now hopes to focus on its upstream operations and plans to apply for a new share listing in Shanghai after the restructuring programme is completed.
Proposed amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.
Mechanism lacks details of how carbon efficiency should be measured and which reduction factors should be used to calculate limits for CII for each ship.
The A-E rating system included will incentivise shipowners to improve carbon efficiency and charterers are more likely to pay a premium for highly rated ships, it...
‘This bill provides a roadmap for ocean and coastal climate resilience, and responsibly uses them to curb the pollution that is intensifying the climate crisis,’ said...
The representative was providing clarification to a query from Manifold Times when asked if the bunkering licenses of the Hin Leong Trading affiliated company have been...
Collaboration areas include projects on decarbonisation, AI-driven decision support tools, predictive maintenance, and cybersecurity, said the MPA.
The VLSFO-HSFO spread narrowed to $13.20/t on Wednesday, the lowest since Argus launched the Zhoushan Bunker Index (ZBI) in the middle of 2019, it said.
Aspect was selected for its capabilities in the bunker market, its quick implementation, and its ability to adapt to changing international marine fuel regulations, said ION.
The use of a condition monitoring tool could further reduce risk of breakdown scenarios through the diagnostic capability of picking up any incipient failure.
