Tag: Carbon
Laskaridis Shipping Co. LTD., CARES and Metis to find realistic pathways to shipping’s low carbon future
A research project which brings together The Cambridge Centre for Advanced Research and Education in Singapore (CARES), Laskaridis Shipping Co. Ltd., and Metis will evaluate the real impacts of the fuels offered to solve shipping’s decarbonization dilemma. The International Maritime Organization’s strategy for greenhouse gases aims at ships reaching net-zero GHG emissions by around 2050…
Tristar Eships to manage its carbon footprint with Wärtsilä’s Decarbonisation Services
Technology group Wärtsilä’s unique Decarbonisation Services have been chosen to support Tristar Eships, the maritime logistics division of the Dubai-based Tristar Group, in decarbonising its operations. Wärtsilä’s Decarbonisation Services will initially be applied to two tankers in the company’s fleet and is tailored to create a significant reduction in their carbon emissions. “We are committed…
Zero Emission Shipping Accelerated with Launch of Carbon Insetting Program
In a significant development during the Connecting Europe Days, a leading consortium of maritime organizations introduced the world’s first Carbon Insetting Program for Zero Emission Shipping. This pioneering initiative, unveiled at the RH2INE CE Days session by Future Proof Shipping (FPS), Zero Emission Services (ZES), and 123Carbon, operates within the decarbonization framework of the Smart…
Shipping majors profiteering from EU carbon emissions charge – study
Shipping giants are profiteering from the EU’s carbon market (ETS), a new Transport & Environment (T&E) study shows. A sample of more than 500 journeys to and from European ports shows that in nearly 90% of cases, shipping companies are charging customers more than the actual costs of the EU ETS. In one extreme case,…
Avikus Autonomous Navigation Proven To Reduce Fuel Usage And Carbon Emissions
AVIKUS, HD Hyundai’s autonomous navigation in-house startup, announced today its autonomous navigation is proven to reduce fuel use by as much as 15% and expected to reduce carbon emissions by 10%. This is the first time these fuel savings have been verified. The fuel savings were quantified on a 325,000-ton Very Large Ore Carrier (VLOC)…
A Global Carbon Tax on Shipping is Coming, Says ABS Chairman and CEO
A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy transition at sea. That was the message from Christopher J. Wiernicki, ABS Chairman and CEO, during an appearance at the CERAWeek energy conference. “We need to recognize that there is…
Positive outlook for carbon shipping amid big push to solve technical challenges
Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within the CCS value chain featuring key insights from energy company Equinor and Athens-based shipowner and mid-stream service company ECOLOG.…
“K” LINE Begins Participating in Joint Study on Liquefied CO2 Marine Transportation for Carbon Dioxide Capture and Storage
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has reached an agreement with TOKYO GAS CO., LTD. (“Tokyo Gas”) regarding a joint study of liquefied carbon dioxide (CO2) marine transportation with a view towards achieving carbon dioxide capture and storage (CCS). The Japanese government believes CCS to be one of the significant methods for achieving carbon neutrality…
Wave of Caribbean nations shift balance on a global carbon levy on shipping at UN
Small Island states have ramped up pressure for the adoption of a global carbon price on international shipping, in this week’s IMO Session (ISWG-GHG-16). From this week’s interventions at the IMO, it is apparent that: • 31 countries across the Pacific and the Caribbean, as well as from Africa, supported a price on all GHG…
Syngenta to Reduce Carbon Impact of Ocean Shipping with Maersk’s ECO Delivery
Syngenta Crop Protection, a leader in agricultural innovation, is to reduce its greenhouse gas (GHG) emissions from its logistics operations by using Maersk’s ECO Delivery solution for its ocean shipments. This follows the finalization of an agreement for the transport of containers using biofuel for a Europe-US shipping route in 2024. Maersk’s ECO Delivery solution…
