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
Brussels races to lock in shipping’s ETS billions as battle shifts from taxation to who gets the money
European shipowners are entering a crucial fortnight in Brussels with most of their core demands already reflected in the EU ETS review, but a bruising fight remains over who controls shipping’s carbon revenues and how billions of euros are redistributed across fuels, technologies and ports
Economics still key as Singapore premiers alternative bunkering initiatives
Shell Singapore has called for more clarity and less fragmentation ahead of MEPC85 as alternative fuels remain top of mind at SIBCON 2026
Norway pitches voluntary carbon payments in NZF compromise
Norway is considering making the Net-Zero Framework’s emissions price voluntary, in a bid to win over opponents of a mandatory carbon tax
Danaos eyes bulker spin-off in Norwegian market
Greece-based containership owner has mandated investment banks to ‘explore’ potential listing move
Nuclear shipping ambitions face reality check over unproven SMR technology
Next-generation nuclear technology’s potential for faster, zero-emissions shipping has been oversold, according to Greenwich University emeritus professor of energy policy Stephen Thomas
Singapore bunker players brace for higher prices as Hormuz keeps supplies tight
Bunker players in the world’s largest bunkering hub are bracing for more volatility with no end in sight to the turmoil in Hormuz
Vehicle carrier newbuildings approach 100 as ordering wave rolls on
Wallenius Wilhelmsen is in advanced talks for another series of newbuildings, while Chinese owners are pursuing more than 20 additional PCTCs
Saverys group’s CMB:Tech expands ammonia-fuel fleet with landmark bulker delivery
CMB.Tech chief executive Alexander Saverys described the delivery as a landmark moment for shipping decarbonisation, saying it demonstrates that ammonia-powered deepsea shipping is moving from ambition to reality
Middle East Gulf product loadings rebound but lag crude recovery amid refinery outages
More CPP is being shipped to Fujairah for re-export or transferred via STS outside Hormuz and in the Gulf of Kutch near India’s Jamnagar refining hub
Greece ‘more and more confident’ it can sink the NZF
The IMO’s climate discussions have been drama-free so far. But the underlying divisions over the Net-Zero Framework remain
Green NGOs claim narrow win at EU court over methane slip from gas-fuelled ships
The European Commission may have to come up with measurable limits on methane slip from gas-fuelled ships in its sustainable finance taxonomy, after a court partly upheld a challenge by three environment groups
Bunker prices escalate as Hormuz crisis drags on
After a brief reprieve coinciding with the US-Iran peace MOU, bunker prices have headed higher again in recent months. Pricing of VLSFO and HSFO is back where it was in early April, sharply higher than pre-crisis levels
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