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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

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’

North America United States

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

Sustainability Fuels

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

France Technology and Innovation

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 

IMO Sustainability

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

Asia Pacific Containers

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

International Singapore

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

Asia Pacific Roro

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

Environment Energy

‘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

Europe EU

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

Energy Fuels

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

Energy Environment

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

Asia Pacific Finance

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