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
Is alcohol the answer to green shipping? It may depend on the fine print
Ethanol producers argue they need compromises and common standards for sufficient green ship fuel to be made. But working out such standards will be challenging
Relentless US demand boosts box rates to late-pandemic levels
So much for the theory that US peak season would end early due to frontloading. Peak-level import volumes to US ports have persisted, pushing transpacific spot rates to fresh multi-year highs
Fire-damaged Cosco vehicle carrier arrives off Panama after lengthy tow
Incident is particularly significant because Min Jiang Kou is the first LNG dual-fuel pure car and truck carrier to suffer an engine room fire
Escalating Middle East tensions raise supply anxieties in Asia bunker markets
With the US going hard on Iran-related sanctions, Asian sellers are shifting to Russian barrels, which are also set to tighten as refinery runs fall drastically
Race to bigger boxships could resume as carriers weigh 27,000+ teu giants
Rising fuel costs, carbon compliance charges and an approaching fleet replacement cycle could revive the drive towards ever-larger containerships, with Alphaliner arguing that vessels exceeding 27,000 teu may offer the next step in scale economies despite growing port and safety challenges
HMM lands $3.5bn Vale contract to deploy tri-fuel newcastlemaxes
HMM and Shandong Shipping are among key partners in Vale’s greener fleet ambitions, with alcohol-based fuels gaining traction in the ore carrier sector
Why Singapore is more crucial to maritime decarbonisation than you think
Singapore will play a critical role in maritime decarbonisation by facilitating large-scale transitions in fuel supply and port electrification, says Riza Ahsim, senior researcher at T&E
UK-US ‘Pink Corridor’ aims to chart path for nuclear-powered container shipping
Lloyd’s Register, Maersk and the ports of Felixstowe and Charleston will examine the regulatory, security and operational framework needed to support future nuclear-powered containership operations, looking beyond reactor technology to real-world deployment
NGOs question ‘negotiable’ compliance under Japan’s IMO plan
RMI, Transport & Environment and the Clean Shipping Coalition warn the plan would undermine green fuel investment and create governance loopholes
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