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Environment

The Lloyd’s List Podcast: Shipping's moonshot — zero-emission vessels by 2030

Shipping’s first major far-reaching moonshot initiative is here. The Getting to Zero coalition has set its eyes on delivering commercially viable zero-emission vessels by 2030. On the podcast this week to explain what the coalition is all about are the Environmental Defense Fund’s Baroness Bryony Worthington and Tristan Smith from the University College London Energy Institute and University Maritime Advisory Services

Pressure mounts for shipping to do the right thing

While shipping has, and is, responding to environmental challenges, the industry also needs to turn its attention to social governance

Evolution of maritime sector is closely aligned to Qatar National Vision

Qatar’s vision of a diversified economy combined with environmental protection will form the backdrop to the most significant maritime event to be held in the Gulf state for many years.

Trade wars and regulation remain a challenge, says Habben Jansen

Europe’s Green Deal and continuing trade tensions remain high on the agenda for 2020 at Hapag-Lloyd

Scrubber premiums spike tanker earnings boost as fuel prices erode profits

Crude tankers fitted with exhaust gas scrubbers appear to be benefiting from the technology in the first month of 2020 as fuel price rises add a jolt of volatility to the market

Questions raised over environmental benefits of tanker age restrictions

The received wisdom that age restrictions should be placed on tankers to help generate environmental benefits has been questioned by a dissenting voice at Stena Bulk, whose chief executive argues that the shipping industry could cut its global emissions footprint by increasing the lifespan of vessels

Bureau Veritas says French-led coalition on decarbonisation is industry leader

BV’s commitment to a maritime energy transition coalition is just one of the partnerships the class society has joined as it seeks to advise shipowner clients on the decisions they have to make.

US will adapt ‘magic pipe’ recipe to new IMO rule violations

Many shipowners are said to be insufficiently aware of the expanded potential for criminal prosecutions in the US in cases of non-compliance with the new low-sulphur requirements

More banks pledge to align shipping lending to climate goals

Parker, architect of the Poseidon Principles that launched in June last year, tells Marine Money that he expects a number of Asian lenders to join in a matter of months

Fafalios urges care over R&D fund scheme

GSCC leader takes IMO to task for ‘imperfect’ 2020 regulation and warns that $5bn research proposal could lead to ‘bottomless pit’

HHI signs tanker orders worth $229m

The South Korean shipbuilder expects the market to improve this year in certain segments. The improved prospects are helped in part by stricter environmental requirements in shipping 

US west coast coal export terminal row heads to court

Montana and Wyoming may be able to count on support from the Trump administration, which favours the export of coal and backs the opening of more export facilities in the country

Port of Karachi bans open-loop scrubbers

The Pakistani government will force ships at the Karachi port to switch to closed-loop scrubbers or compliant fuel oil. Karachi becomes the latest in a long line of destinations to ban the technology

Sulphur cap rules being enforced ‘without exception’

Port control bodies vow a ‘practical and pragmatic’ approach to enforcing the sulphur cap, saying they expect compliance

Environmental groups urge IMO to raise carbon reduction goals

Letter follows Mr Lim’s re-election as the International Maritime Organization secretary-general last month and urges pushing forward a carbon-free agenda in the next four years

More than $1trn needed to meet shipping’s green initiative

If shipping is to fully decarbonise by 2050, this will require further investments of some $400bn over 20 years, bringing the total to between $1.4trn and $1.9trn

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