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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

The Lloyd's List Podcast: Shipping's nuclear option

Nuclear power is back on the agenda in shipping. The atomic evangelists behind the new generation of molten salt reactor (MSR) technology believe it can kick-start a second atomic era, in which climate change is the main driver of powerful, inexpensive and safe new energy solutions. On the podcast this week we talk to Mikal Boe, founder and chief executive of London-based Core-Power, about why nuclear now needs to move from the fringes of the environmental debate to become a serious part of shipping’s decarbonisation strategy

Lloyd's List The Shipping Podcast Fuels

Policy advisers press Beijing to ramp up greener shipping

Shipbuilding experts told the CPPCC conference in Beijing that the country is lagging behind its competitor nations in backing the development of future marine fuels and zero-emission vessel technologies

Asia Pacific Containers

Eastern Pacific selects ammonia and methanol for vessels

The diversified shipping company will partner with MAN Energy Solutions and methanol provider OCI NV to run some of its existing vessels on methanol and future newbuildings on both ammonia and methanol

Environment Fuels

EU faces call to back green hydrogen and ammonia for shipping

Maritime stakeholders lobby the European Commission to promote the growth of green hydrogen and ammonia for shipping use

EU Environment

ABN AMRO shipping head downplays ships as ‘stranded assets’

ABM AMRO’s Joep Gorgels does not expect to see ships becoming stranded assets for ‘many, many years’ as they will be needed to power global trade

International Finance

BIMCO calls for global market-based measures for emissions

BIMCO joins calls to balance the cost of low- or zero-carbon fuels through market-based measures, saying first movers on decarbonisation would face significant disadvantages while fossil fuels are still much cheaper

International BIMCO

Hyundai Heavy agrees blue hydrogen deal with Saudi Aramco

CO2 emissions captured in the blue hydrogen production process will be returned to Aramco for extracting crude oil from exhausted fields to achieve zero carbon emissions

Asia Pacific Middle East and Africa

Genco chief sees ‘perfect rainbow’ over dry bulk market

Genco’s chief executive says demand for coal, grains and minor bulks, has kept rates buoyant for the smaller sizes. But, capesize rates, currently the weakest, should bounce back by April

Dry Bulk United States

Sri Lankan port launches wholesale bunker supply service

The Sinopec unit imported 25,000 tonnes of very low sulphur fuel oil into Sri Lanka in April 2020, but the distribution was stalled by the coronavirus pandemic

Asia Pacific Tankers and Gas

Transparency vital for charterers’ low-carbon shift

The drive towards transparency of emissions data from shipowners is a journey that still has a long way to go before it becomes a reality. The Sea Cargo Charter is a start, but just 19 companies have signed up so far

Special Report Digitalisation

Japanese ship finance firm launches $5.7bn green fund

‘Maybe there will be technologies that are far better than liquefied natural gas, but today what is important is to take action. We think LNG is the best technology that is available for today,’ said CMA CGM chief executive Rodolphe Saadé

Japan US States

BW LPG positive on medium-term VLGC market

Due to current market weakness the company plans to bring forward six scheduled dry dockings and two special surveys. Around 11 VLGC remain to be retrofitted with dual-fuel LPG propulsion engines, out of which eight ships are scheduled in 2021 with the first likely to enter yards in mid-March

Singapore Tankers and Gas

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