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
Shipping showcases its decarbonisation progress at COP28
COP28 could be decisive for shipping’s efforts to decarbonise. High-level pledges and agreements around CO2 pricing and a fair energy transition for developing nations dominate the agenda in Dubai
Shipping chief executives call for faster pace in decarbonisation drive
Joint statement ahead of COP28 from the bosses of box lines Maersk, CMA CGM, Hapag-Lloyd, Mediterranean Shipping Co and car carrier Wallenius Wilhelmsen called for even faster action from regulators
Maersk Tankers confirms ammonia carrier newbuilding quartet in joint venture with Mitsui & Co
New very large ammonia carrier order marks a return by the AP Moller Holding-owned company to gas carrier ownership after it exited the sector in 2013, following the sale of its LPG carrier fleet to BW Group
Onboard carbon capture just a temporary measure, MAN says
MAN Energy Solutions expects e-ammonia to be the most cost effective solution for shipping to cut emissions, with the company aiming to deliver its first ammonia-powered engine late next year
Seafarer decarbonisation training framework launched
The fuels needed to meet to net zero will mean seafarers having new skills. A taskforce to ensure that happens is launching its training framework during COP28
Saverys: Blue ammonia could ramp up fuel supplies
Alexander Saverys said making ‘blue’ ammonia, with carbon capture, could help ramp up early supplies, as the industry looks to replace its fuel oil supplies. He called for more industry action to decarbonise
IEA warns of carbon capture pitfall
Inconceivable volumes of carbon capture and storage would be needed to align with 1.5°C policy targets, IEA argues
Boxship fuel transition picks up pace
The container shipping sector is far ahead of other segments in making the transition towards lower-carbon fuels. Methanol has taken over as the most popular alternative to marine fuel oil
Have your say! The Shipping Outlook Survey: 2024 and beyond
Have your say in our annual Shipping Outlook: 2024 and beyond survey, where we assess market sentiment on the key challenges impacting the maritime industry in the decade ahead
Elevated newbuild prices good for tanker fundamentals, says Stena Bulk’s Hånell
Stena Bulk chief executive says its understandable how many tanker owners are refraining from investing in new ships given the high prices and future fuel uncertainty
Maersk signs methanol supply deal with Chinese company
Maersk said this new deal will help it stay aligned with the 1.5°C global warming goals as well as its net zero target by 2040, helping secure low-carbon methanol supply for its upcoming dual-fuel fleet
Industry groups propose ‘simplified’ IMO fuel standard
A new proposal to the IMO for a global fuel standard suggests reducing the administrative burden for both the UN body and its member states
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.