Trade association Interferry, which represents the global ferry industry, has called for the implementation of the EU’s Emissions Trading System (ETS) for the maritime sector to be frozen at the 2025 levels rather than scaled up to cover 100% of vessels’ emissions from this year. The European cap-and-trade scheme for greenhouse gas (GHG) emissions was expanded to include maritime transport from January 2024. The legislation includes a phase-in period, which saw shipowners having to surrender allowances for 40% of their emissions reported in 2024, rising to 70% of their emissions incurred in 2025, and 100% from 2026 onwards. Interferry’s demand […]

The 132 incidents of piracy and armed robbery against ships in Asia reported to ReCAAP (Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia) ISC from January to December 2025 marked a 23% year-on-year (y-o-y) increase. Of the total, which features in ReCAAP’s annual report, published on Friday (9 January), 127 were actual incidents and five were attempted incidents. Last year’s total also represents the highest number of incidents recorded in the Straits of Malacca (SOMS) and Singapore since 2007. Nevertheless, ReCAAP highlighted that approximately 87% of the incidents in the SOMS in 2025 occurred in […]

Spanish integrated energy company Moeve and Portugal’s Galp have revealed they are holding detailed discussions to bring together their respective downstream activities, including refining, trading, green fuels and retail networks, to create an energy powerhouse in the Iberian Peninsula. In an announcement today (8 January), the two companies said they have signed a non-binding agreement to progress discussions further and a potential agreement could be reached by mid-2026. The next phase of talks will focus on the potential creation of two European energy platforms: an industrial platform focused on refining, chemicals, trading, green molecules and low-carbon fuels, serving B2B customers […]