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