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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

Risks, but also rewards, await those who act early on decarbonisation

Decarbonisation is increasing the risk of stranded assets across most sectors of shipping. Holding out for the next big fuel has its advantages, but fleet renewal cannot be delayed indefinitely

Fuels Shipbuilding

Maritime Markets Outlook: Tanker view; idle dry bulk carriers; scrubber gamble

In this edition of the monthly maritime markets outlook: The link between floating storage and the tanker outlook for late 2020 and early 2021 | Dry bulk markets with a focus on China’s steel figures | What idle dry bulk fleet figures tell us about the pace of China’s economic recovery | Shipping’s scrubber gamble

International Containers

The decarbonised future hangs in the balance between Trump and Biden

Fees on carbon-intensive goods sounds suspiciously like tariffs. The maritime industry will clearly wonder what manner of goods these might be, what the ‘fees or quotas’ would look like and how they might affect the number of boxes on ships

United States Political and Trade

Hafnia eyes coal waste to help cut greenhouse gas emissions

Hafnia will work with Arq to optimise bunker blends that meet environmental standards and maximise cost efficiencies. The company aims to expand the trial runs for the 450 vessels it operates from mid-2021 

Tankers and Gas Products

Lloyd’s Register launches decarbonisation centre

Lloyd’s Register’s new Maritime Decarbonisation Hub will seek to accelerate decarbonisation, help reduce carbon intensity and deploy zero-emissions ships by 2030

International Lloyds Register

LNG marine fuel gains traction as France’s Total orders four tankers

French energy company Total has ordered four new LNG-powered aframax tankers to be delivered in 2023 from two Norwegian companies. The company already has two LNG-fuelled very large crude carriers joining in 2022

International Tankers and Gas

Major lines eye scrubbers or LNG for next mega ship orders

Hundreds more container vessels may go on order in the next two years, with a focus on 23,000 teu and 12,000 teu to 15,000 teu units. These vessels are likely to be fitted with scrubbers or LNG propulsion, which appear to be the preferred pathways among container lines to comply with emission rules

Containers Shipbuilding

South Australia ramps up hydrogen export ambitions

The per kilogram cost of producing hydrogen in Australia needs to come down first before it can compete internationally. South Australia is looking to tap its vast wind and solar resources to export clean hydrogen

Australia Tankers and Gas

European Parliament pushed to support scrubber prohibition

A new report calls on the EU to ban scrubbers, prohibit the use of heavy fuel oil and take on more measures to cut emissions from maritime transport

EU Regulation

Cargill partners to explore cutting-edge wind technology

With decarbonisation now driving many shipping decisions, and with ongoing uncertainty about which greener marine fuels will emerge to replace fossil fuels, the prospects for wind technology in commercial shipping are strengthening. The support of Cargill, one of the world’s biggest ship charterers, will add further weight to the development of the wind power industry

Environment Technology and Innovation

Boxships see a surge in scrubber installations

The price spread between low- and high-sulphur fuel has decreased to the point that the economics of retrofits make little sense. At the same time, the number of containerships using scrubbers this year has doubled. But demand for ships could now lead to a slowdown in retrofits

International Maersk Group

NYK pledges to fuel all PCTC newbuilds with LNG in future

Announcement came as NYK took delivery of its LNG-fueled car carrier Sakura Leader, which is said to be able to trim CO2 emissions per unit of transport by up to 40% compared to similar types of vessels using conventional heavy fuel oil bunkers

Asia Pacific Roro

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