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Regulation

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

Torm moves climate goal forward by five years to 2025

By as early as 2025, Torm means to reduce carbon emissions from its operated tanker fleet by 40 percent, thereby moving forward its original target by five years. The tanker operator's end goal remains climate neutrality by 2050.

South Korean merger stranded on European fear of expensive tankers

The acquisition of shipbuilder DSME looked like the near-perfect extension of HHI, which, ultimately, became the nail in the coffin for the year-long competition case. In Brussels, prominent people expect the decision to hold up in court – however, the question is whether shareholders are already looking for new buyers.

EU rejects merger of yard majors DSME and HHI

Following several years of investigation, the EU's competition authority rejects the proposed merger between South Korean shipbuilders DSME and HHI. The decision is a rejection of a move that would "combine two of the leading global shipbuilders," says Margrethe Vestager.

Key EU lawmaker seeks changes to carbon trading extension

Peter Liese, the European Parliament's rapporteur on ETS, seeks to bring forward the start of the new program by a year to 2025 according to Bloomberg. The shipping community is awaiting the formal report by the rapporteur expected tomorrow, Friday.

ECSA appoints new president

European shipping association ECSA has selected its chairmanship, which will take over after Swedish Claes Berglund and be in office for the upcoming two years.

Injured alleged pirate has arrived in Denmark

Earlier Thursday, the minister of justice announced withdrawal of charges against three out of four presumed pirates. The fourth and injured alleged pirate arrived in Denmark on Thursday, facing prosecution.

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