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
Maersk invests in another alternative fuel start-up
Synthetic alcohols are one of the options Maersk is considering to decarbonise its fleet. Prometheus Fuels uses direct air carbon capture to make ‘electro-fuels’
No one single fuel will solve shipping’s decarbonisation dilemma
A carbon tax is needed to close the pricing gap and reward first-movers, says Mads Zacho, head of industry transition at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Wind-power system for shipping to get transatlantic test
Airseas chief argues that with the cost of greener fuels likely to be much higher than existing fuels, reduced consumption will quickly pay dividends
Call for market-based measures by 2025 to ensure shipping hits 2050 green target
Coalition of over 150 companies also demand that governments support industry on a national level by setting domestic shipping decarbonisation targets and offering other incentives
Supply chain reconfiguration requires green targets
As supply chain managers adapt themselves to the green agenda, the shipping industry must beware a possible reduction in long-haul trades because some producers may opt for nearshoring to trim their carbon footprint
Singapore minister backs carbon tax to curb shipping’s emissions
Real global transformation will require the International Maritime Organization to take the initiative, and to align its policies and procedures with the climate-change cause
K Line expands dual-fuel car carrier fleet
The newbuilding project is part of K Line’s initiative to cut fleet carbon dioxide emissions by 50% over the next decade. The eight ships are likely to be worth more than $660m based on estimates from previous deals
ITF head backs shipping decarbonisation by 2050
International Transport Workers’ Federation general secretary Stephen Cotton said the zero emissions transitions can be a big opportunity for workers but industry must consider the impact of new technologies on the workforce
‘Europe’s carbon market proceeds won’t fund shipping’ — claims Carnival Corp
None of the funds raised by bringing shipping companies into the EU’s carbon market are earmarked for the industry, Carnival Corp’s Tom Strang told a panel discussion. He said shipping needed the funds to pay for future fuels infrastructure
Vitol orders electric-hybrid bunker tankers for Singapore
Vitol’s V-Bunkers will deploy the two ships in Singapore and expects the first of the two vessels to be delivered in the second half of next year
Letter to the Editor: Industry collaboration on decarbonisation needs IMO support
World Shipping Council president and chief executive John Butler responds to a recent Lloyd’s List article on shipping’s future fuels prospects
Asian ship financers must pay heed to sustainable finance
The equivocation of Asian lenders regarding sustainability-linked ship finance is understandable. It takes time to digest the new rules designed by foreign experts in a foreign language based on foreign ideas
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