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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

Business as usual ‘not an option’ on shipping’s path to decarbonisation

Shipping must change the way it operates if it is to make progress on decarbonisation, and collaboration across the industry will be critical for it to succeed, conference hears 

Sustainability Fuels

Shell study sets target for hydrogen and biofuels in bunkers

Shell suggests 10,000 ships will need to operate on hydrogen or hydrogen-based fuels by 2040

Sustainability Energy

Maersk reveals pioneering methanol boxship design

Trailblazing containership is expected to use very low sulphur fuel oil until arrangements have been made for the regular sourcing of green methanol

Maersk Group Fuels

Norway and Singapore agree maritime decarbonisation deal with IMO

‘Joining forces through this co-operation will strengthen the support to decarbonising the maritime sector in developing countries,’ says Norwegian climate ministry official

Sustainability Singapore

Maritime completely abandoning fossil fuels is not realistic

Shipping should look to reduce carbon emissions rather than trying to go carbon-free, forum hears

Sustainability Fuels

The week in charts: Russia’s bulk exports to Europe drop 60% | Boxship recycling dominated by feeder ships | US-sanctioned ships don’t lose flag for long

Over 100 falsely flagged ships are trading in plain sight, prices of over $600 per light displacement tonne are now regularly being offered for recycling candidates and charter rate premiums for eco boxships increasing

Asia Pacific Europe

Shipping decarbonisation is not a technology question anymore, says Trafigura

Calls on the International Maritime Organization to adopt more ambitious targets have intensified ahead of MEPC 80, suggesting the technology is there for the industry to adopt alternative fuels

Sustainability Fuels

EU to set up hydrogen bank under Net-Zero Industry Act

The EU has launched the Net-Zero Industry Act to help boost local technology production to contribute to its climate goals, such as FuelEU Maritime that proposes a 2% target for renewable hydrogen in marine fuels by 2030

Sustainability Political and Trade

Oil prices drop to 15-month low amid bank concerns

Sharp sell-off in crude oil futures also weighed on bunker fuel prices amid expectations of higher supply in fuel oil markets from the Middle East

Tankers and Gas Energy

Matson plans LNG conversion of third boxship

Company also plans to replace the main engine of a 2,800 teu boxships with a dual-fuel engine

Ship repair Containers

Sunken tanker provisionally declared first pool claim of policy year

Pool claims for 2022-23 rise from four to five so far, marine insurance sources indicate

Casualty Casualty

Singapore bunker sales fell to eight-month low in February

Marine fuel sales in Singapore dipped in February, likely signalling weaker demand on the back of lower freight rates for most segments. The sharp monthly drop came despite steady very-low sulphur fuel oil bunker prices

Bunkers Fuels
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