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
Danish bunkering company Monjasa hired Deloitte to help it measure its climate impact, noting shifting attitudes in the industry
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
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
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
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’
The race is now on to develop the most cost-effective means of shipping and storing LNG in smaller volumes
One researcher forecast the Yangtze River may need 2,800 LNG-fuelled ships — and the Pearl River Delta a further 700 vessels
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 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
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
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
Bureau Veritas is gathering expertise from across the business to explore safety and sustainability issues beyond the confines of maritime
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
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
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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