Decarbonisation
The International Maritime Organization has committed to slashing total annual greenhouse gas emissions by at least 50% by 2050, compared with 2008, and it aims to decarbonise the sector fully by the end of the century. The shipping industry is facing up to the challenge, developing new fuels and stronger, environmentally-friendly practices. But with tighter rules and regulations on both a regional and global level to contend with, agreement on the best approach is not easy
EU ETS and Red Sea crisis swell Maersk bunker bill in first quarter
Maersk introduced a €23 per dry teu ETS surcharge on the east Asia to north Europe route during the first quarter based on an ETS price estimate of €82 per tonne of CO2
Trafigura returns to HD Hyundai Mipo with new order for ammonia-fuel gas carriers
Commodities trading giant Trafigura has penned newbuilding contracts for four ammonia dual-fuel liquefied petroleum gas carriers, which will also be capable of ammonia carriage
Nitrous oxide emissions are no laughing matter
More data is needed on how much N2O, also known as laughing gas, will be emitted from ships burning ammonia as fuel
Bibby Marine orders world’s first zero-emission wind farm vessel
Bibby Marine chief executive Nigel Quinn said project shows that clean vessels can be built for same ownership costs as fossil fuel-powered counterparts
Cheaper LNG helps HSFO outsell VLSFO in Rotterdam
LNG marine fuel sales at Rotterdam surged 150% year on year to 215,000 cu m, with gas an average 15% cheaper than very low sulphur fuel oil
CSSC’s tech firm and Evergreen trial onboard carbon capture
Sceptics remain cautious about the technology’s prospects because of concerns over limited supporting facilities and the energy consumption generated by the OCCS system itself
EU mulls Hydrogen Bank funding for maritime projects
EU to hold a second auction for funding clean hydrogen production under its Hydrogen Bank as part of the Net-Zero Industry Act
Low-emission freight tender shows pragmatic approach to decarbonisation
Hapag-Lloyd’s win in a low-emission freight tender with its bio-LNG bid is seen as the best commercial decision for shipping today, although it is far from a popular one
Wärtsilä chief says shipyard capacity slowly improving
LNG carrier segment experiencing major bottleneck, but other segments have more shipyard capacity
MAN claims its ammonia engine’s N20 emissions are ‘extremely low’
MAN continues to test its ammonia dual-fuel engine and hopes to deliver its first motor later this year
Resurrected New Jiangzhou Shipbuilding bags tanker order from Danish shipowner Simonsen
The revived Chinese shipbuilder has more than 20 vessels on its orderbook backlog
Hanwha Ocean partners with ammonia start-up Amogy
Amogy, supported by investors from South Korea and Japan, has been expanding its presence in maritime applications with its ammonia-to-electricity module
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