The MISC chief qualifies however, that the shipping line supports the view that the zero emissions transition calls for a multi-fuel future in which ammonia stands to play a role. And as a global shipping firm with the financial muscle to contribute it feels it should play its part to help the industry with the process

Saudi Arabia warned the UN Security Council on Wednesday of an ‘oil spot’ about 50km west of the FSO Safer, the decrepit tanker at risk of a catastrophic oil spill off Yemen’s Red Sea port of Ras Isa.

With an important part of shipping assets and activities unlikely to meet new green financing criteria, industry financiers warn against abandoning them as they will be necessary to enable the zero emissions transition

If the UK maritime sector is to gain a substantial share of a global blue economy set to be worth over £2tn by 2030, it needs innovation and the right environment set by the government, says the head of the Chamber of Shipping

There are many candidates to replace bunkers, including biofuels, hydrogen, methane, ammonia and batteries, but all have pros and cons and more work is needed, a conference hears

Peak oil demand may have passed or may be arriving soon. But the head of the significant crude tanker owner is not concerned as he sees room for consolidation in the market

In the long run, the environment is more important for insurers even than the pandemic, newly re-elected president Richard Turner has insisted

Proposals are expected to come from consortiums comprising industry players and institutes of higher learning and research institutes, and a preference will be given to proposals with scalable business models. These should aim to develop commercially ready, fully electric harbourcraft and/or interoperable shore-charging infrastructure for electric harbourcraft and other electric vessels operating in the Port of Singapore

The action comes as other nations step up their interest in the Arctic, especially the US and UK, which seek to keep the region’s waters free of domination by any single country

Uncertainties remain about which fuel types will be developed to meet global emission reduction targets, which is dimming newbuilding enthusiasm

The class society warns that localism and idealism will create a patchwork of regulations that spells trouble for shipping. Collaboration is more important than individual competitiveness

The European Parliament’s vote to include shipping in the European Union’s Emissions Trading System from 2022, as well as a 40% carbon intensity target on big ships calling at EEA ports from 2030, has sparked an industry backlash

The facility, on the west coast of South Africa, would use a shiplift to transfer vessels into an environmentally friendly decommissioning facility rather than the beaching method, which has been heavily criticised for causing pollution

South and Central America have the opportunity to kick-start the zero-emissions fuel industry for shipping, says environmental non-profit organisation Ocean Conservancy

‘They ignored us’, says global dry bulk owners’ association of move by ‘narrow-minded regional decision-makers’

WinGD says reducing methane slip is a technical problem with many possible solutions. But lack of regulation makes shipowners less likely to invest in the pricier technology needed to make those solutions come to the fore