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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

 

Future Fuels

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

Fuels Sustainability

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

Sustainability Ports and Logistics

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

Fuels Italy

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

Bunkers Netherlands

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

Dry Bulk Shipbuilding

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

EU Fuels

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

Technology and Innovation Shipbuilding

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

Sustainability Regulation

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

Fuels Regulation

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

Sustainability Fuels

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

IMO Regulation
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