Environment
IMO resumes efforts on carbon pricing tools
IMO member states are to adopt economic and technical measures in 2025, under last year’s revised greenhouse gas strategy. Now the regulator has to figure out how these measures will work
Dark fleet insurance? Not reassuring
It’s 2024 and we still still have vessels ‘owned’ by anonymous brass plate companies, ‘flagged’ with fictitious ‘registries’, ‘IMO numbered’ with digits based on mum’s birthday, ‘classed’ by little-known ROs and ‘insured’ by shaky fixed premium providers. This isn’t progress
What to expect from MEPC81?
A breakthrough at MEPC81 is seen as unlikely as several member states oppose a flat rate GHG tax on shipping, despite a higher number of countries backing such a measure
Stanzel: 2040 IMO targets unattainable without zero-carbon fuels
Intertanko chief adamant that ‘elusive’ zero-carbon fuels are the crucial component for shipping to meet the IMO’s ‘indicative’ emission targets, but the UN body’s stance of being fuel agnostic is doing little to provide answers
Cargill prototype proves that wind wings could be a win-win, eventually
Capex is still too high for wind technology to be scalable with conventional fuel savings, but for more expensive zero-carbon fuels the investment is ‘a no regret move’, says Jan Dieleman, president of Cargill’s ocean transport business
Rerouting pushing up ETS bill for containership operators
Container lines have increased sailing speeds to maintain schedules on the longer routing around the Cape of Good Hope. But the extra fuel burn will mean higher emissions costs for voyages to Europe
International Group outlines strategic road map
Maintain inclusive approach to insuring owners using alternative fuels, IG tells members
Interest in ESG greatly diminished among US investors
Interest in ESG among US investors has declined over the past year and a half, forum hears, as shareholder returns outweigh environmental considerations
More consolidation on the cards for shipping’s digital tech sector
ZeroNorth chief Søren Meyer has more acquisitions in his sights as shipping’s once-fragmented tech sector accelerates its consolidation
Singapore and Australia ink pact to develop green shipping corridor
Agreement adds to some 40 similar initiatives signed over the past two years, which have yet to translate into actual carbon-free vessel operations
Box carriers still in strong position as market weakens
Even as losses emerged in the final quarter of 2023, container line results remained strong. But overcapacity and increasingly urgent demands from decarbonisation will test their mettle
The IMO is speaking softly on greenhouse gases. The time may come to use the big stick
Substantive regulatory measures should be the last resort. But last resorts are sometimes unavoidable
The mess of EU ETS compliance: ‘No pub, no beer’
The EU has added a compliance burden without the regulatory framework for companies to comply with it. Lack of charter clauses is one of the biggest challenges chartering ‘has ever faced’
Is shipping’s decarbonisation revolution about to start slow steaming?
The shipping industry and governments are attempting to negotiate the most difficult and controversial details of a global greenhouse gas reduction strategy amid a backlash against pro-climate policies. Some are more invested in the outcome than others
RightShip GHG rating emerging as emissions benchmark amid CII concerns
RightShip’s efforts to remove the influence of power-limitation tools for its greenhouse gas rating has boosted the popularity of the benchmark, amid concerns around the metrics of the IMO’s CII rules
Shipmanagers can now agree to take on ETS liability, but remain reluctant
The way the EU decides which entity is the ‘shipping company’ responsible for surrendering carbon credits is still not clear. Industry groups want clarity
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