The Impact of ONGC’s Decarbonization Roadmap on International Shipping

by bj2022 | Oct 11, 2024 | Uncategorized

In July, India’s state-owned Oil and Natural Gas Corp (ONGC) unveiled a decarbonization roadmap, committing $24 billion to achieve net-zero operational emissions by 2038. The plan includes renewable energy projects, green hydrogen production, and carbon capture...

The Next Breakthrough for the Decarbonization of Drilling Rigs

by bj2022 | Sep 2, 2024 | Uncategorized

Well drilling is tremendously energy intensive, and the greenhouse gas emissions (GHG) from drilling rigs account for about 15 percent of energy related emissions. While ambitious goals have been set by governmental and regulatory agencies, such as the International...

How Shipping Companies Can Prepare for Each Stage of the EU ETS Expansion

by bj2022 | Jul 29, 2024 | Uncategorized

The European Union has expanded its Emission Trading System to apply to the maritime industry in order to reduce greenhouse gas emissions, and shipping companies now need to account for emissions when traveling through or berthed in EU waters. The EU ETS will be...

How LoRaWAN and Blockchain Technology Can Improve Decarbonization Efforts

by bj2022 | Jul 19, 2024 | Uncategorized

As the shipping industry faces new emission regulations—most notably the expansion of the EU ETS to include maritime companies—ship owners are looking for innovative decarbonization solutions. Shipping companies with vessels operating between EU ports or traversing EU...

What Does the EU ETS Trading System Mean for U.S. Companies?

by bj2022 | Jul 4, 2024 | Uncategorized

As of January 2024, the EU’s Emission Trading System (EU ETS) now applies to large ships of 5,000 gross tonnage or more. This means that these vessels will need to submit emission allowances when utilizing EU waters and entering EU ports. So how will this latest...

Innovation and Sustainability Take Center Stage at Posidonia 2024

by bj2022 | Jun 24, 2024 | Uncategorized

Earlier this month, industry leaders gathered at one of the most prominent international shipping conventions and discussed how the shipping sector can rise to meet its environmental, economic and socio-political challenges. The Posidonia International Shipping...