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 ships will command charter and asset price premiums
For dual-fuel methanol ships, the picture is less clear even with shipping included into the EU ETS, as the price for green methanol would be significantly higher, according to Maritime Strategies International
Greek owners turn to outsourcing to complement in-house management
V.Ships Greece managing director Costas Kontes is quizzed about shipowners’ challenges and opportunities in the growing Greek market
Ports climate initiative to set up green fuel readiness framework
Project agrees to an extension with a new focus on clean fuels, shore power and green corridors following Rotterdam’s example
RINA signs green fuels development deal with Eni
The partnership will also look at initiatives for the logistics and value chain of new energy carriers, and the adoption of certified methods for the taxonometric calculation of the emissions benefits they will generate. Carbon capture pilot projects may also be explored
VLSFO 14 times more likely to be off-spec sulphur in ARA than Singapore, Integr8 report shows
Bunker suppliers may be struggling to find low-sulphur gasoil blending components since the sanctions against Russia, as supply from the country dominated the fuel oil market in Europe before the invasion
Ocean Yield confirms $500m deal to buy ammonia-ready bulk newbuilds
First of the ammonia-ready newcastlemaxes to be delivered in third quarter of 2024
EU leads on green fuels but strict rules may hinder production
The EU is set to adopt the world’s first tangible green marine fuel targets in a few months, while also trying to boost renewable fuel production. However, experts warn some guidelines could work against the bloc’s climate goals
World’s first electricity carrier unveiled in Japan to facilitate energy transition
The world’s first ‘battery tanker’ has been unveiled in Japan amid plans to catalyse the storage, supply, and utilisation of renewable energy
The case for a more holistic approach to regulation
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
Shipping’s carbon ambitions suffer a serious credibility gap
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
Is there a case against prioritising shipping’s zero-carbon fuel switch?
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
Why MEPC 80 will prove pivotal to industry and the future of the IMO
The outcome of this summer’s pivotal MEPC 80 meeting inside the IMO will not agree policy, but it will set the tone and timing of the regulatory agenda for decades to come and act as a litmus test of the continued relevance of the UN agency as a global regulator
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