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
Europe must accelerate green fuel production to avoid critical dependencies
Denmark’s Minister of Industry, Business and Financial Affairs Morten Bødskov and Danish Shipping chief executive Anne Steffensen call for Europe to seize the opportunity of green shipping
LNG will remain the cheapest fuel through to 2035 under IMO rules
IMO and EU regulations make LNG the cheapest ship fuel until 2035, according to consultancy Rystad Energy, which projected VLSFO costs would rise above $1,100 that year
Where do the new IMO rules leave LNG fuel?
Worries that a carbon-trading system would unfairly benefit LNG fuel seem to have been averted. Both sides of the LNG debate are claiming victory from the IMO
CII review talks spark outrage at IMO
Last-minute objections by Saudi Arabia and oil exporters drew condemnation by EU, UK and others
MEPC83: A faltering step towards net zero
As a feat of diplomacy, the IMO’s agreement on climate is remarkable. As a workable policy for shipping it still leaves much to be desired
Fortescue and CMB.Tech announce ammonia charter deal
When delivered, the bulker will deliver iron ore from Pilbara, Australia to Chinese ports as Fortescue looks to eliminate scope 3 emissions in its iron ore production by 2040
US climate policy remains a risk for shipping strategy
The US boycott of MEPC talks does not mean US disengagement on climate policy; quite the contrary. Instead it marks the start of a US-led dismantling of multilateral efforts to reduce shipping emissions. The impact will be felt far beyond this week’s pivotal meeting inside the IMO
Singapore to conduct sea-based LNG bunkering trials later this year
The Maritime and Port Authority received 14 proposals under its expression of interest to scale up LNG as a marine fuel
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