Tag: challenge
Shipping: Navigating the EU ETS Market Challenge
The shipping industry inclusion in the EU ETS market is a game changer for its operations moving forward. In its latest weekly report, shipbroker Intermodal said that “throughout 2023, the EU ETS market navigated through a year of remarkable volatility, observing both record highs and extended lows against the backdrop of evolving energy strategies, policy…
Skills, Regulation, Fuels, Technology, Data and Safety: Shipping’s Net Zero Challenge Explored at Inaugural Seatrium Visiting Professorship Lecture
“People working together, embracing change and uncertainty, learning to make innovation their friend and managing risk decisions based on data will be the jet fuel we need to get to net zero by 2050.” That was the message from Christopher J. Wiernicki, ABS Chairman and CEO, as he delivered a wide-ranging speech detailing the challenges…
Shipping Companies’ Transition Pathways Remain Unclear: Technological Maturity of Alternative Fuel Poses Key Challenge for Rapid Decarbonisation
The shipping sector’s decarbonisation presents a considerable challenge. Maritime transport is a key enabler of global trade and contributes 2%-3% of total global greenhouse gas (GHG) emissions. If shipping were a country, it would be in the world’s top 10 emitters. The main source of emissions is the combustion of fossil fuels. The key to…
Onboard Carbon capture & storage: a key solution for shipping’s complex decarbonisation challenge
For all the criticism and discussion around MEPC 80 this year, the IMO’s landmark environmental committee has given us one thing: the commitment to achieve net-zero emissions by around 2050 creates a clear sense of direction for an industry often criticised for its environmental impact. However, let us be under no illusion that reaching these…
Shipping Must Look Beyond the Engine, The Real Challenge is an Industry Transformed, Cautions ABS Chairman and CEO
Layering of Technologies, Electrolyzers and Carbon Capture Hold the Keys to 2050 Success (STAMFORD, Connecticut) Shipping must look beyond its current focus on engine technology and address the widespread disruption introduced by the clean energy transition. That was the keynote message for the industry at SHIPPINGInsight 2023 from Christopher J.…
Net Zero Emissions Targets Will be a Challenge
The road ahead towards a net zero emissions future is faced with big challenges. In its latest weekly report, shipbroker Gibson said that “last week the IEA published its Net Zero 2050 report, which lays out the steps the world needs to take in order to reach net zero emissions (NZE) by 2050. It is…
Hidden challenge for bulk carriers
The Swedish Club highlights an often-overlooked challenge faced by shipowners when it comes to cargo damage – shortage claims. The Club’s new publication, Bulker Focus: Carriage of Grains and Soya Beans, examines the complexities of transporting these commodities, highlighting the prevalence of cargo shortage claims. These claims account for 63% of all claims recorded. Such…
The amazing challenge of digital transformations
Navneet Kapoor, CTIO, has written this opinion piece describing the amazing challenge of digital transformations – and why many companies struggle with it. This op-ed was recently published in the national Danish newspaper, Dagbladet Borsen. In recent decades, technology and digitization have changed our society. It has changed how we communicate with each other and…
