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
UECC ties up with Svitzer in boost for biofuels
New regulations on the maritime horizon mean biofuels will become an effective short-term option
Scrubber profits drive VLCC retrofits for DHT Holdings
Owner of 24 very large crude carriers said $25m cost will be paid within a year at current fuel oil price spreads
NYK to retrofit LNG-powered tug to ammonia fuel
The modification will begin in fiscal 2023 with the aim of realizing demonstration operations in the port of Yokohama in fiscal 2024
LNG retrofit ‘improves carbon ratings’, study finds
SEA-LNG study claims $30.3m retrofit cost to use liquefied natural gas as marine fuel is ‘win-win’ for environment
K+N to offer carbon-neutral volumes to customers
Emission reduction programme allocates biofuel capacity to shippers’ cargoes. K+N claims this will allow customers to benefit from carbon-neutral shipping
The Lloyd’s List Podcast: Shipping’s multifarious multi-fuel future
Imagine pulling up to the petrol pump in your car and being confronted with 20 pumps, each offering various blends of different fuels. Now imagine a scenario where at each petrol station you visit next, that choice of different fuels is going to be entirely different. Welcome to the future of shipping
Singapore suspends Glencore’s bunker licence for two months
The Maritime and Port Authority of Singapore says it has completed its investigation into contaminated high-sulphur fuel oil that affected vessel engines and pumps and found that commodities trader Glencore contravened its licencing rules
Fruergaard steers Pacific Basin on long-term vision
Chief executive tells Lloyd’s List about his faith in the minor bulk trade market, a potential talent drain of seafarers and a rare opportunity for shipping companies to differentiate themselves
Is ammonia too dangerous to use as a fuel?
Ammonia appears to be the dream fuel: it releases no carbon dioxide and can be a zero-emission fuel if produced from clean energy sources. But leakage into manned areas could be catastrophic
Spar Shipping biofuel trial shows 75% drop in emissions
Trial was the first bio-bunkering undertaken by dry bulk carrier Spar Shipping and its shipmanagement partner Fleet Management
Pilbara Ports Authority explores ammonia bunkering
‘The potential of ammonia as a fuel to effectively decarbonise the maritime industry is clear; however questions remain on how to maximise safe and efficient fuel delivery in a port environment,’ said Yara Clean Ammonia’s commercial head Murali Srinivasan
NYK launches 100% biofuel supply trial for tugs
Company believes the biofuel mix used can be a ‘drop-in fuel’ in the future
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