Tag: Carbon
Sea launches Carbon Exposure solution for pre-fixture decision-making
Sea, the intelligent marketplace for fixing freight, is launching a Carbon Exposure solution that will enable customers to effectively measure and integrate their carbon exposure calculations with emissions targets. This addition to Sea’s all-in-one platform for pre-fixture workflows will enable customers to adapt to the EU Emissions Trading Scheme (EU ETS), which has been extended…
Steamship Mutual works with Vale SA on decarbonisation and carbon emission reduction projects
As part of their Ecoshipping Programme Vale SA are committed to supporting the shipping industry in reducing carbon emissions through operational measures and decarbonisation. Vale SA is one of Steamship Mutual’s very longstanding Members and, as part of that programme, they invited the Club to work with them on three projects, including the recently announced…
ERMA FIRST Awarded Approval In Principle From DNV For Onboard Carbon Capture System
ERMA FIRST, a leading sustainable maritime solutions provider, has received Approval in Principle (AiP) from DNV for its amine absorption-based Onboard Carbon Capture (OCC) system. DNV issued the AiP to ERMA FIRST following the successful completion of a technical review, risk assessment and review of the company’s feasibility study for Onboard Carbon Capture (OCC) on…
Indian Expat awarded with Prestigious Academic Doctorate for groundbreaking research on energy factors to reduce carbon emission from ships
In a momentous ceremony at the 21st convocation function of the University of Petroleum & Energy Studies, Dehradun, Mr. Ajith PJ, an Indian expat, working in the UAE over two decades now, was honored with an academic doctorate for his pioneering research on “Measuring Energy Efficiency of Offshore Support Vessels in the UAE for developing…
EU ETS carbon emissions regulations – a sea-change for ocean freight shipping or a toothless tiger?
One of the major talking points in ocean freight shipping is the introduction of EU ETS carbon emissions regulations in 2024. Is this a sign of the industry getting serious about its environmental responsibilities or another initiative which is full of good intentions but ultimately lacking any bite? Is now the right time for shippers…
New Research Reveals Financiers’ Beliefs And Behaviours On Shipping’s Transition To A Low Carbon Future
A new research paper published in Journal of Environmental Innovation and Societal Transitions by researchers from the UCL Energy Institute explores the role ship financiers can play in shipping’s transition to zero emission fuels. Using a novel theoretical framework which categorises financiers into five enabling or disabling categories, it finds that most expressed an ambition…
V.Group partners with Aither to provide carbon trading solutions for shipowners
V.Group (V.), the ship management and marine services company, and Aither, which provides carbon trading solutions for shipowners and other industries, are pleased to announce a strategic partnership focused on the seamless trading of carbon credits for the EU Emissions Trading System (ETS) scheme and beyond, benefiting shipowners with vessels managed by V. The EU…
Closer European Cooperation on Carbon Capture and Storage is Good News for Ambitious Danish Companies
Denmark and four other European countries yesterday signed the Aalborg Declaration, which highlights, among other things, that Carbon Capture, Utilization, and Storage (CCUS) are essential climate tools. It marks an important step in the right direction towards creating a European market for Carbon capture, utilization, and storage. The European Commission is currently hosting a major…
AAL Takes Early Stance On The Eu’s New Year Carbon Emissions Trading Rules
AAL Shipping (AAL) has become the first project heavy lift carrier to publish a carbon surcharge guidance to help its customers prepare for the increased costs related to forthcoming European Union regulations on carbon emissions. The move comes ahead of the extension of the EU Emissions Trading System (EU ETS) to cover the maritime industry,…
The European Parliament abandoning the “Carbon Correction Factor” is good news for shipping
The Parliament has listened to reason and in a vote on CO2-regulation of heavy-duty vehicles decided to reject the Carbon Correction Factor (CCF). The CCF would have accelerated the use of much in-demand green fuels in land transport. A sector that can and should be directly electrified or powered by hydrogen fuel cells. Green fuels…
