The U.S House of Representatives has passed the “Clean Economy Jobs and Innovation Act” seeking to reform U.S. energy policy and authorize major investments in research and development in transition to renewable and low-carbon energy sources. The bill was passed Thursday by a vote of 220-185. Included in the bill was an amendment by Congressman John Garamendi (D-CA03) to … [Read more...]
Trafigura Proposes Carbon Tax on Marine Fuels to Help Meet Emissions Targets
SINGAPORE, Sept 25 (Reuters) - Commodities trader Trafigura on Friday proposed a carbon levy of $250-$300 per tonne of carbon-dioxide (CO2) equivalent on shipping fuels to make zero and low carbon fuels more economically viable and competitive. The International Maritime Organisation (IMO) wants to halve the sector's greenhouse gas output by 2050 against 2008 levels. If left … [Read more...]
Canada Gives $238 Million to Newfoundland and Labrador’s Offshore Oil and Gas Industry
The Government of Canada will provide CAD $320 million (USD $238 million) to support offshore oil and gas industry jobs in Newfoundland and Labrador amid the slump in the oil market. The funds were promised by Natural Resources Minister Seamus O'Regan on Friday who said the money would be used for safety improvements, maintenance and upgrades of existing offshore … [Read more...]
Metal Shark Launches New Line of Expedition Yachts
Louisiana-based shipbuilder Metal Shark is marking its entry into the recreational yacht market with the introduction of a new 48-meter aluminum hull catamaran. The Metal Shark M48, named Magnet, is the first build in the company's "Metal Shark Yachts" line of high-speed, long-range catamaran expedition yachts. The new lineup also include the M30 (30 meters / 100’) and M70 … [Read more...]
Maersk Calls for Action as Stranded Seafarers Rise to 400,000
By K. Oanh Ha and Jack Wittels (Bloomberg) -- The world’s largest container shipping companies and the United Nations Secretary-General are appealing to governments to resolve a labor crisis that has stranded 400,000 workers on boats, according to a new estimate from the International Chamber of Shipping. “I am worried that in respect of crew changes, little is going to … [Read more...]