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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

Future Fuels

Industry groups push back reform of $5bn green fund

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

IMO Environment

Monjasa hires Deloitte to monitor emissions

Danish bunkering company Monjasa hired Deloitte to help it measure its climate impact, noting shifting attitudes in the industry

Tankers and Gas Bunkers

Hyundai Heavy joins partnership to build green hydrogen plant

The floating facility will be connected to an offshore wind farm that generates electricity used for fuel production

Asia Pacific Containers

Biofuels: Shipping may struggle with the price of FAME

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

International Fuels

Maritime Markets Outlook: Shipping’s big LNG bet

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

Maritime Markets Outlook Fuels

The business model in a zero carbon transition

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’

International Environment

Denmark wants emission rules to target fleets, not individual ships

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

Environment Energy

Stakeholder self-interest is damaging industry progress

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

Crewing Environment

Marine LNG fleet set to expand despite World Bank rejection

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

Europe Tankers and Gas

Eastern Pacific Shipping bags Rio Tinto dual-fuel bulker charter

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

Singapore Dry Bulk

Liner association lambasts ‘defeatist' greens over decarbonisation fund

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

Environment Fuels

Volvo sees potential supply chain shifts from decarbonisation

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

Environment Ship operations

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