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Environment

Environment

IMO adopts CO2 intensity reductions to 2026 amid strong opposition

The IMO agreed that ships should improve their CO2 intensity by 2% annually between 2023 and 2026. However, the decision was fraught with critical interventions from countries including the US and UK and EU member states who sought much higher targets

IMO short of emissions experts

Governments have backed the IMO’s request to hire two more officers as the growing workload of regulating greenhouse gases and other emissions swamps its air pollution team

Germany in hydrogen supply pact with Australia

Australia’s ambition is to produce the ‘cheapest clean hydrogen in the world, which will transform transport, mining, resources and manufacturing at home and overseas’, says Australia’s prime minister Scott Morrison

US calls incoming emissions measure ‘weak’

Countries at the International Maritime Organization’s Marine Environment Protection Committee showed strong opposition to allowing waivers and exemptions from incoming short-term emission measures for ships

Charterparties may need amending to reach climate goals

‘There is wide scope for owners and charterers to consider provisions addressing technical and operational efficiency within charterparty riders, and in particular general clauses addressing vessel fuel efficiency,’ lawyers argue

Shipping apes G7 to spread the word for seafarers

The UK Chamber of Shipping is lobbying more for action on crewing, green shipping and digitalisation during the G7 meeting, saying the industry’s message is not getting through enough

The Lloyd’s List Podcast: Why sustainability needs digital solutions as well as decarbonisation

Shipping experts are calling for serious commitment on sustainability ‘NOW’ before it’s too late. What’s holding us back? Is the answer only to be found in zero carbon fuels, in which case how many years will it be until the right fuel or fuels have been trialled and tested under all conditions? What can be done while all this is going on, to reduce if not eliminate harmful emissions? And what has shipping discovered from several years of digitalisation to move us in the right direction? Roger Strevens, vice-president of global sustainability at Wallenius Wilhelmsen, explains why reducing carbon intensity by one-third since 2008 is not enough

IMO faces call for stricter protection of Arctic

Arctic groups are calling on countries at the International Maritime Organization to do more to protect the Arctic region as they meet this week to finalise a ban on heavy fuel oil in the region, which will come into full force only in mid-2029

IMO chief warns ‘failure not an option’ on cutting emissions

International Maritime Organization secretary-general Kitack Lim opened the Marine Environment Protection Committee with a stronger-than-usual warning on the need for shipping to develop emission regulations

Vitol Bunkers makes an early move on green fuel offsets

The group stands to tap its vast exposure to carbon trading to offset the fossil-based products it is offering to shipping and other sectors

Expert Focus: How emissions accounting can help decarbonisation

New technologies and regulations are fundamental enablers of shipping’s decarbonisation. But robust emissions accounting and the transparency that offers will also become increasingly significant amid stakeholder pressure and societal expectations

Yantian Port congestion has echoes of Suez

Supply chain chaos at Chinese ports, the politics of China's pitch for a Hamburg terminal stake, and why shipping may not be able to swerve the new push for a global corporation tax

Shipping needs its regulator to show up

The International Maritime Organization’s Marine Environment Protection Committee meeting, being held this week, has an opportunity to demonstrate why shipping’s greenhouse gas emissions require global solutions. To do this, it needs to act decisively and spend its time wisely

Shipping urged to form zero emissions strategy with UN

Shipping companies should sign up to a UN-backed initiative mobilising corporate action in line with the Paris Agreement goals, according to two figures involved in global climate negotiations. So far, only one shipping firm has signed up to the initiative

McQuilling partners with Vertis to enter carbon market

The new venture will offer its clients access to carbon offsets via a partnership agreement to address their environmental sustainability and carbon-neutral shipping needs, as well as their future environmental compliance requirements

Höegh LNG buys minority stake in green hydrogen company

The investment in the Vitol-backed Gen2 Energy will see Höegh LNG collaborate for the seaborne transportation and infrastructure development of green hydrogen out of Norway. The two companies will also work together on potentially green hydrogen propulsion system for ships

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