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
Tata Steel shipping head says cargo owners must drive green transition
Dry bulk cargo owner Tata Steel says fuel suppliers must work with cargo owners more than shipowners for decarbonisation to work
Nuclear lobby asks IMO for fair hearing on safety
Companies backing nuclear shipping defended the technology’s safety record and asked the International Maritime Organization for a level playing field with other future fuels
What you need to know with biofuels
Biofuels are attracting attention as ‘drop-in’ replacements during shipping’s lengthy transition from fossil to clean fuels
FuelEU to more than double biofuel bunker demand
Bunkering patterns have started to change, with more vessels trying to refuel with biofuel blends
Bigger delivery tankers needed for alternative fuels, says Maersk
Methanol and ammonia ships will need double the volume of fuel for the same energy. Maersk head of fuel transition Sameer Bhatnagar said ports must prepare
Global alternative fuel demand could exceed 10m tonnes in 2026
Biofuels and LNG to increase bunker market share until 2030 on the back of stricter environmental regulations, such as FuelEU Maritime and CII
Stena to retrofit Irish Sea ro-pax pair for methanol fuel operations
Swedish shipowner will work with Wärtsilä and Lloyd’s Register to retrofit the 1,920 lane metre Stena Superfast VII and Stena Superfast VIII. The project follows the successful, part-EU funded, conversion of the Stena Germanica in 2015
NYK partners Drax to develop world’s first biomass-fuelled ship powered by wood pellets
Japan’s energy transition has led to increasing demand for fuel pellets from North America
Weaker VLSFO demand weighed on Singapore bunkers in April
HSFO demand was broadly unchanged on the back of the rising number of scrubber-installed vessels
Shipping companies hesitant to prepare for unclear FuelEU
The Royal Belgian Shipowners’ Association wants legal ambiguities in the FuelEU Maritime regulation resolved, warning of uncertainty and contractual risks for shipowners, operators and charterers
FuelEU regulation set for ‘chaotic birth’, lawyers warn
Watch out for changes to stipulations, including increase of 80% target to net zero, as well as global implementation of similar scheme through the IMO
Shipping’s green fuel gold rush could create up to 4m jobs
The bulk of new jobs to be created in the energy industry will be to build the necessary renewable infrastructure that is needed to produce green hydrogen
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