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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
The climate change agenda is making such quick inroads into shipping that some shipping companies may think their best option is to sell their company, says a banker behind the Poseidon Principles
So much has changed in the global economy over the past 20 years that shipping would be foolish to believe the pace of change will ease by 2030 or 2040. Change is the catalyst for growth
The move by China to source cement from Vietnam could have a double boost for dry bulk, as Vietnam would require more coal in the energy-intensive process of cement production, according to Braemar research
Workshop participants agreed that progress in ballast water treatment was being held back by an attempt to attain absolute elimination of invasive species, while removing the need to hit a ‘magic number’ would have helped to solve many problems
Class NK joins competitors Lloyd’s Register and ABS in cross-industry coalition to develop zero emissions vessels by 2030
Slowing down to save the environment is an easy fix that produces instant results, but it does not encourage the shipping fraternity to invest in innovation
The port will spend around $83.5m to power up berthed boxships with electricity from 2023
The three companies will collaborate to utilise existing technology and develop new decarbonisation devices as they push the climate change agenda
A number of large shipowners and at least five ports are interested in a new fuel product that utilises blockchain
Industry discipline and reduced ordering could provide a golden opportunity to meet IMO 2050 demands
Fears are growing that the blanket application of the 2020 sulphur rules is too draconian and clumsy a measure for an industry as diverse as shipping. Dry bulk owners in particular are aghast that that their line of work is being made comparable to other types of shipping
Idan Ofer’s speculative order of 15,000 teu LNG dual fuel ships was significantly bigger than initially thought. In addition to the 11 vessels already chartered to CMA CGM, a further 11 sister ships are due to be delivered between 2021-22
Tristan Smith presents the argument to Lloyd’s List that investing in the wrong decarbonisation options could be dangerous
The joint venture will begin with two medium-range tankers that have not been ordered yet, but are expected to be delivered in 2022
Minoan Lines has positioned itself to thrive in 2020, but fuel costs remain a volatile factor for any ferry operator
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