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Bjorn Otto Sverdrup: Oil and gas majors target transport emissions

The Oil and Gas Climate Initiative (OGCI) brings together 12 leading oil and gas operators to target net-zero emissions in their own operations. Now it has turned its sights downstream, with a lead role in the REMARCCABLE (Realizing Maritime Carbon Capture to demonstrate the Ability to Lower Emissions) Project. Bjorn Otto Sverdrup, chairman of OGCI’s executive committee, tells Leadership Insights why shipping emissions are a crucial piece of the puzzle.

Sharing information on battery safety

What can ship operators learn from their airborne counterparts as they address evident safety issues around the transport of lithium-ion batteries?

UN seeks clarity on consequences for climate action delays

The International Court of Justice (ICJ) will publish advice on the climate obligations of states and the legal consequences for those failing to meet their responsibilities, following a request from the UN General Assembly.

G7 countries target global net-zero shipping by 2050

Seven of the world’s biggest economies have reaffirmed their commitment to more stringent emission targets for international shipping. The G7 Ministers’ Meeting on Climate, Energy and Environment on April 15-16 noted the group’s common aim of working towards an IMO greenhouse gas (GHG) target of net-zero emissions by 2050, with new intermediate targets in 2030 and 2040.

Cautious optimism as UAE bucks abandonment trend

As recently as December 2022, the UAE was listed as the country with the highest incidence of abandonment in the world - ICS recorded 29 such cases during the course of the year. Fast forward less than four months and welfare groups have noted, despite increasing prevalence worldwide, a significant drop in the number of UAE cases, with just one case reported in the first quarter of 2023.

Trade woes for South Asian nations

A series of ‘once in a lifetime’ shocks destabilised South Asian economies last year. Can growing participation in global trade provide a lifeline?

Kenneth Lim: Heavy hitter

The Port of Singapore has cemented its position as a key maritime hub, leading the charge on decarbonisation, digitalisation and supply chain resilience. Kenneth Lim, Assistant CEO, Maritime and Port Authority of Singapore (MPA) tells ICS about the factors contributing to its ongoing success.

New IPCC report urges rapid advancement of Net Zero targets

The latest findings of the Intergovernmental Panel on Climate Change (IPCC) Climate Change 2023: Synthesis Report have prompted UN Secretary General António Guterres to call on all countries to bring forward their net zero plans by a decade to meet greenhouse gas (GHG) targets

EU aims to incentivise carbon capture with Net Zero Industry Act

The European Union will have an annual target for carbon capture and storage (CCS) under a new act proposed by the European Commission last month.

Leadership Insights series: Seafarer Health & Wellbeing