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
Lack of multi-stakeholder forum for decarbonisation leaves shipping adrift
Malta Maritime Summit hears that progress towards developing alternative fuels has been slower than hoped-for and transition remains a ‘risky and chaotic’ proposition
Optionality seen helping future fuels pricing challenges
The rapid emergence of alternative fuels has led to an increasingly complex market with an overload of information and opaque pricing
Long-term offtake contracts among challenges to alternative fuel adoption
The sums and commitment terms required are giving many pause for thought
ClassNK: Support for shipping with Alternative Fuels Insight
Time is running out for hedging strategies on reducing greenhouse gas emissions from ships
What LNG fuel’s rise and fall in Norway tells us about green fuel policy
Researchers from the University College London Energy Institute looked at Norway’s LNG industry from 1985 to 2015 to find lessons in how to start making zero-carbon ship fuels, and where in the UK this could be done
Maersk chief Clerc stresses urgent need to close green fuel price gap as newbuilding orders imminent
Danish carrier reveals growing frustration over green fuel scarcity upon christening the fifth of its 25 dual-fuelled methanol boxships. Meanwhile, the second largest operator of containerships is expected to sign newbuilding contracts soon for a new series of ultra-large containerships
Gasum and ferry operator Wasaline to set up FuelEU pool
Finnish bio-gas producer Gasum to form a FuelEU pool with ferry operator Wasaline, selling over-compliance to shipping firms that have vessels powered by conventional fuels
Bunker Holding to start LNG supply in January
The world’s biggest bunker trader’s physical supply arm, Bunker One, will begin to provide LNG and bio-LNG in northwestern Europe as of January 2025
Insufficient demand creation to limit clean hydrogen growth until 2030, IEA says
International Energy Agency says hydrogen is a negligible driver for renewable energy capacity growth, but suggests the 2030 target of tripling renewable capacity is within reach with improved policy support
More than 2% of world’s fleet is now LNG-fuelled
LNG has been seen as a transitional fuel for the shipping industry in its efforts to decarbonise, emitting significantly less — although not zero — carbon compared with its conventional counterparts
More green ships doesn’t mean more green shipping, yet
Zemba’s recent work on market readiness for e-fuels reveals more bad news for zero-carbon shipping
Methanol still ‘best candidate’ as Maersk prepares for multi-fuel future
Maersk head of energy transition Morten Bo Christiansen says a portfolio approach to future fuels is essential, but methanol remains the best candidate for emission reduction
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