Decarbonisation
The International Maritime Organization has committed to slashing total annual greenhouse gas emissions by at least 50% by 2050, compared with 2008, and it aims to decarbonise the sector fully by the end of the century. The shipping industry is facing up to the challenge, developing new fuels and stronger, environmentally-friendly practices. But with tighter rules and regulations on both a regional and global level to contend with, agreement on the best approach is not easy
Dual-fuel newbuildings still not viable, says Norden’s Jan Rindbo
Norden aims to cut emissions by 16% by 2030 from a 2022 baseline, by using measures such as slow steaming and refusing to take on the least-efficient vessels
Fortescue ship in world’s first ammonia bunkering trial
Fortescue’s dual-fuel ammonia supply vessel has taken on ammonia as a marine fuel in Singapore, marking the first-ever ammonia bunkering operation, following rigorous safety tests to ensure the fuel delivery
Stanzel: 2040 IMO targets unattainable without zero-carbon fuels
Intertanko chief adamant that ‘elusive’ zero-carbon fuels are the crucial component for shipping to meet the IMO’s ‘indicative’ emission targets, but the UN body’s stance of being fuel agnostic is doing little to provide answers
Cargill prototype proves that wind wings could be a win-win, eventually
Capex is still too high for wind technology to be scalable with conventional fuel savings, but for more expensive zero-carbon fuels the investment is ‘a no regret move’, says Jan Dieleman, president of Cargill’s ocean transport business
Rerouting pushing up ETS bill for containership operators
Container lines have increased sailing speeds to maintain schedules on the longer routing around the Cape of Good Hope. But the extra fuel burn will mean higher emissions costs for voyages to Europe
Bunker suppliers need policy before they can invest in green fuels, says Monjasa
Monjasa owner Anders Østergaard said ammonia and methanol cannot be viable alternative fuels without policies to close the price gap with fossil fuels
Is globalisation coming to an end? Not quite, but brace for slower trade growth
Globalisation is changing and entering a new phase, and costlier future fuels may mean less trade in low-value goods
Cargo owners urged to pay up for energy transition now
Lower-carbon fuels are available to shippers who want to reduce their emissions. But few are prepared to pay the additional costs
The week in charts: Alternative-fuel newbuilding orders decline | Red Sea crisis pains Piraeus | War halves Ukraine’s maritime trade | Container rates slide
A slowdown in liner alt-fuel orders has led to commodity carriers making up the greater share of newbuilding orders in recent months, while Piraeus feels the pain of Red Sea disruption and Ukraine’s maritime trade is halved
Yara inks binding agreement to buy green ammonia
The long-term offtake agreement covers a yearly volume of 100,000 tonnes of green ammonia compliant with EU regulations
Is shipping’s decarbonisation revolution about to start slow steaming?
The shipping industry and governments are attempting to negotiate the most difficult and controversial details of a global greenhouse gas reduction strategy amid a backlash against pro-climate policies. Some are more invested in the outcome than others
EU to support shore power and e-fuel projects in ports with $1bn fund
The EU has launched a call for proposals from the transport sector, as the bloc aims to support alternative fuel projects that will help countries reach net zero targets
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