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Environment

Environment

Industry groups push back reform of $5bn green fund

Facing pressure from developing nations to find a different financing mechanism, industry lobbies insist that collecting $2 per tonne of fuel consumed from each ship is the best way to develop a decarbonisation R&D fund

Monjasa hires Deloitte to monitor emissions

Danish bunkering company Monjasa hired Deloitte to help it measure its climate impact, noting shifting attitudes in the industry

Biofuels: Shipping may struggle with the price of FAME

Forthcoming International Maritime Organization efficiency rules will drive more interest in biofuels, which could help bridge the gap to decarbonisation. But their price, regulation and handling difficulties mean this will not be an easy task

Greece backs creation of European R&D fund within ETS

Athens has told the European Union that charterers should foot the bill for emissions, arguing that would be consistent with the ‘polluter pays’ principle as they control the operation of a vessel and determine its energy efficiency

Maritime Markets Outlook: Shipping’s big LNG bet

Some of the most powerful voices in shipping are among the most heavily invested in liquefied natural gas as a marine fuel, but the pathway for LNG as a transitional option is far from clear. With the World Bank now urging an end to public policy support for LNG as a bunker fuel and pushing for methane emissions regulations, this month’s edition of the Maritime Markets Outlook examines the implications for those LNG cheerleaders already exposed and analyses the rapidly changing dynamics of transitional fuelling options for shipping

The business model in a zero carbon transition

Companies must accept that decarbonisation is another component they need to incorporate in their business model. To do that successfully they need to practise ‘sustainability applied’

China’s gas drive fuels LNG innovations

The race is now on to develop the most cost-effective means of shipping and storing LNG in smaller volumes

Marine LNG to blossom in China starting from its first ECAs

One researcher forecast the Yangtze River may need 2,800 LNG-fuelled ships — and the Pearl River Delta a further 700 vessels

UK government urged to step in as furore builds over LOF threat

Lloyd’s faces negative reaction to proposed closure of LOF’s supporting framework as concern over safety, the environment and London’s reputation spill over

Denmark wants emission rules to target fleets, not individual ships

Denmark wants incoming emissions measures to also apply on a fleet-average basis rather than only on individual ships, as it believes this can stimulate greater investment in low and zero-carbon fuels and ships

Stakeholder self-interest is damaging industry progress

The dire situation for Indian seafarers has prompted charities and leading industry players to set up an emergency relief fund. This initiative reflects an urgent need for shipping to think as one

Shipowners rank LNG as top fuel in energy transition

Despite concerns over methane slip from the maritime industry’s use of LNG, by emissions profile, the gas still outperforms methanol and ammonia produced using fossil fuels, a study by class society ABS found

Class future lies in confidence, not certainty, says BV

Bureau Veritas is gathering expertise from across the business to explore safety and sustainability issues beyond the confines of maritime

Marine LNG fleet set to expand despite World Bank rejection

Titan LNG has questioned the the lifecycle emissions analysis available for hydrogen and ammonia, pointing out that liquefied natural gas has an established record of evidence backing up its status as an available pathway to decarbonising international shipping

Liner association lambasts ‘defeatist' greens over decarbonisation fund

The World Shipping Council has slammed the ‘defeatist approach’ of environmental groups. The latter have called on industry bodies to drop their pursuit of a research and development fund and asked them instead to support a $100 carbon levy on ships

It’s high time shipping listened to entrepreneurs

The next Lloyd’s List special report asks what entrepreneurs need to succeed in shipping and where the barriers to success lie. Future progress depends on our support for gazelles rather than unicorns

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