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Greece seen stalling on new EU sanctions package on Russia that targets dark fleet ships | Shadow fleet ‘immoral’, ‘disgraceful’ and ‘unacceptable’ say Nor-Shipping panellists | Small shipowners must not be forgotten in zero-carbon race
Supply of recycling tonnages and available ship recycling capacity are two of the most crucial factors affecting the market outlook
Amid unprecedented global uncertainties, MOL aims to protect earnings by reducing exposure to volatility and diversifying its businesses. The steadier cash inflow resulting from these changes will help the Japanese giant address another vital industry challenge: decarbonisation
Shipowners have criticised IMO’s CII rules in a Nor-Shipping panel, while mostly supporting shipping’s inclusion in the EU ETS as executives suggest market-based measures are needed to make progress in the industry’s pathway to net zero
Fuel and infrastructure availability should not be a barrier to shipping’s rapid decarbonisation. Aligning the industry with a 1.5°C Paris Agreement temperature goal is entirely feasible with the right development in the Global South, argues Trafigura. But nothing happens without a carbon price and regulatory clarity this year. Can we do it? This week’s edition of the podcast makes the optimistic case that all this is within reach
In the absence of any certainty regarding fuel availability, the shipping industry is laying down a multi-billion-dollar zero-carbon hedge bet — yet in the meantime, its decarbonisation pledges and targets are looking increasingly thin
Flawed efficiency projects such as CII have sparked a wholesale review of how regulation is developed. A more iterative and holistic approach that factors in the expectation of unintended commercial consequences now needs to be more rigorously embraced
Has the politicised focus on shipping’s eventual fuel transition provided a pretext for inaction and deferred more immediate gains in energy efficiency? Is there an argument for shipping not being at the front of the queue for limited renewables to produce sustainable fuels? Two recent studies offer two very different perspectives of the industry’s zero-carbon priorities
If the political stars align and the right demand signals can be emitted, the latest analysis suggests that even the most ambitious decarbonisation scenarios are no longer limited by the technical and commercial readiness of zero-carbon fuels, technologies, infrastructure or yards. The industry, however, remains uncertain and unconvinced.
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