Tag: Change
A Sea Change: Sustainable Shipping Solution to Generate Carbon Credits
Shipping, vital for global trade, accounts for approximately 3% of global greenhouse gas emissions[1]. These emissions continue in ports and anchorages where ships at a standstill continue to release greenhouse gases and particulate matter – often close to populated areas. Gold Standard’s methodology, developed in partnership with Stillstrom’s and available for use by any project…
New shipping climate change strategy can put wind in UK’s sails
Ministers must move quickly to publish an updated Clean Maritime Plan (CMP) so the UK can cut shipping emissions in line with the Paris Agreement. In a new article based on their research, Simon Bullock, Alice Larkin and James Mason from the Tyndall Centre at The University of Manchester warn that deep reductions in shipping…
Formula for change: UECC solution for EU ETS gives clients clarity on emission costs
Cargo owners seeking to determine their Scope 3 emission liabilities from the logistics chain must contend with multiple calculation methods from different shipping lines that will affect their costs exposure to the EU ETS for shipping. To resolve this conundrum for its clients, Pure Car and Truck Carrier (PCTC) owner and operator UECC has adopted…
How To Change Charter Parties To Comply With MEPC 80?
As shipping attempts to chart a course to a zero-carbon future, there is a general acceptance that decarbonization will require all stakeholders to contribute. The regulatory mechanisms are being deployed in full force. At the same time, there are concerns about the vagaries and lack of concrete language in recent announcements. Ultimately, the way the…
Tankers: Mexico’s New Refinery Will Change the Crude and Clean Tanker Trade
The crude and clean tanker market in the North American region will see its trade shift, from 2024 onwards, as a result of the operation of the new Olmeca (former Dos Bocas) 340,000 b/d refinery in Mexico. In its latest weekly report, shipbroker Gibson said that “despite being a major crude exporter and home to…
A Supply Chain Issue: Panama Canal and Its Fight Against Climate Change
The Panama Canal’s fight against climate change is well underway, in what appears to be an ongoing issue. In its latest weekly report, shipbroker Intermodal said that “as of the latest update, the Panama Canal continues to grapple with the effects of a historic drought, impacting shipping markets in the region. The drought has compelled…
