A new report by the World Bank sees only a limited role for LNG as marine fuel as shipping achieves mid-century decarbonisation goals. Policy-makers should curtail existing support and avoid new support for LNG bunkering, according to the bank
Freeing the Ever Given from the sandy banks of the Suez Canal was a relatively straightforward, if immensely difficult salvage task. Now comes the hard part for the white-collar side of shipping
The rough estimate from the renowned shipping economist comes as he warns that ships built before 2020 could account for around 50% of all emissions form today until 2050 and that collaboration between owners and charterers will be necessary to get the money in
Alliances are the zeitgeist. But when they are competing for human expertise and research and development funding, alliances will inevitably miss the gaps. It’s time for an overview of shipping’s decarbonisation journey
Major developing nations are opposed to a levy through fuel consumption or taxation. They argue the burden should instead fall on developed nations and support for least developed countries should be a priority for the fund
‘The ship is worth $100m or thereabouts. No one in their right mind is going to be paying a claim or providing security for nine times the value of the ship. They’ll just say, take the ship,’ says one London source
Shell’s Grahaeme Henderson said that the trials would initially use LNG to power the fuel cells, before hydrogen or other zero emissions fuel cells would be adopted
De facto closure limited to four days and fewer than 10% of transits in March, Leth Agencies add
The IMO Council will accept 12 more countries to the current 40-member club and extend serving terms effectively to four years
Three groups unite to ask the EU that the upcoming measure on shipping’s greenhouse gas emissions is backed by a price stabilisation mechanism and that the commercial operators be held responsible for paying the cost. They also argue the measure should not just be limited to domestic EU voyages
Without rigidly enforced penalties for owners who evade best practice, those at the sharp end will continue to suffer
There are 75 tankers now registered with 17 flags of African countries, or Pacific or Caribbean islands with little technical expertise or large vessels in their fleets, Lloyd’s List Intelligence data shows
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