Facing pressure from developing nations to find a different financing mechanism, industry lobbies insist that collecting $2 per tonne of fuel consumed from each ship is the best way to develop a decarbonisation R&D fund
Danish bunkering company Monjasa hired Deloitte to help it measure its climate impact, noting shifting attitudes in the industry
The floating facility will be connected to an offshore wind farm that generates electricity used for fuel production
Forthcoming International Maritime Organization efficiency rules will drive more interest in biofuels, which could help bridge the gap to decarbonisation. But their price, regulation and handling difficulties mean this will not be an easy task
Some of the most powerful voices in shipping are among the most heavily invested in liquefied natural gas as a marine fuel, but the pathway for LNG as a transitional option is far from clear. With the World Bank now urging an end to public policy support for LNG as a bunker fuel and pushing for methane emissions regulations, this month’s edition of the Maritime Markets Outlook examines the implications for those LNG cheerleaders already exposed and analyses the rapidly changing dynamics of transitional fuelling options for shipping
Companies must accept that decarbonisation is another component they need to incorporate in their business model. To do that successfully they need to practise ‘sustainability applied’
Denmark wants incoming emissions measures to also apply on a fleet-average basis rather than only on individual ships, as it believes this can stimulate greater investment in low and zero-carbon fuels and ships
The dire situation for Indian seafarers has prompted charities and leading industry players to set up an emergency relief fund. This initiative reflects an urgent need for shipping to think as one
Titan LNG has questioned the the lifecycle emissions analysis available for hydrogen and ammonia, pointing out that liquefied natural gas has an established record of evidence backing up its status as an available pathway to decarbonising international shipping
Eastern Pacific’s belief in LNG-fuelled tonnage during the past few years has led the shipowner and shipmanagement company to develop a deep expertise and knowledge of the cleaner alternative fuel
The World Shipping Council has slammed the ‘defeatist approach’ of environmental groups. The latter have called on industry bodies to drop their pursuit of a research and development fund and asked them instead to support a $100 carbon levy on ships
Volvo has committed to becoming climate neutral by 2040 and is examining the sustainability of its supply chains, which its supply chain vice-president sees as being ‘a big problem’ in its emissions push
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