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
Early preparation essential for fuel conversion
Building containerships that can use today’s fuel and future fuels requires complex choices. Early planning can help reduce total lifetime cost
Attica Group hit by soaring fuel costs
Attica sees results ‘normalising’ to pre-lockdown levels, despite losses in the first half of the year
IMO holds key to shipping’s victory in green fuel competition
Shipping must push its green fuel demand curve forward. The IMO and its green shipping rules play a decisive role in making that possible, says Trafigura’s Rasmus Bach Nielsen
Odfjell cautions against rush to convert to green fuels
Laurence Odfjell extols the virtues of first using relatively simple and economical technology such as bigger propellers and slower speed engines to bring fuel efficiency gains for now, as part of the longer-term goal of reducing carbon emissions
Shipping decarbonisation requires greater industry collaboration
There is still a lack of standardisation of reporting, terminology and data in the industry
Daily Briefing September 27 2022
Shipping struggles under burden of ‘confusing and disruptive’ sanctions | Marine insurers to meet US officials on Russia oil price cap | MSC to launch air freight business
Daily Briefing September 26 2022
Why it’s time to stop talking about shipping decarbonisation | The Lloyd’s List Podcast: Where is shipping in the zero carbon transition? | Record LNG carrier rates as charterers adapt to Europe’s energy crisis
The Lloyd’s List Podcast: Where is shipping in the zero carbon transition?
It seemed clear to everyone gathering in New York that the acceleration needed to move the shipping industry closer to the 1.5°C scenario will require unprecedented regulatory intervention, radical scaling of alternative fuel production and fleet readiness, disruptive technology inventions and substantial willingness to invest. But is shipping making any progress towards those goals?
Why it’s time to stop talking about shipping decarbonisation
The shipping industry is not on a trajectory to hit net zero by 2050. The only way it will find the pace and scale required to correct this dangerous path is to stop looking at this as a shipping problem
IMO to develop safety guidelines for ammonia and hydrogen
While guidelines for the use of liquefied petroleum gas have been finalised, the work to develop technical provisions for ammonia and hydrogen has begun and will hopefully be delivered to the International Maritime Organization next year
Poseidon Principles endorse tougher shipping emission targets
An updated ambition statement will be re-evaluated after the International Maritime Organization concludes a revision of its greenhouse gas strategy targets
Zero-emissions shipping goals for 2030 ‘partially on track’
‘Even though progress has been significant, more is needed to bring us to 5% and beyond,’ says joint study
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