Tag: decarbonisation
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…
Update On Decarbonisation Issues For Shipping
IMO Regulations The IMO’s Initial Strategy for decarbonising shipping has introduced a number of new regulations, among them the Ship Energy Efficiency Management Plan (‘SEEMP’), the Energy Efficient Existing Ship Index (‘EEXI’) and Carbon Intensity Indicator (‘CII’). These are in force and require ship owners to develop and execute plans for the energy efficient use…
Singapore Maritime Institute sparks R&D stakeholders to accelerate maritime decarbonisation towards a net zero future
More than 200 participants from the maritime industry, academia, students and government agencies took part in the annual Singapore Maritime Institute (SMI) Forum today to share and discuss the latest research and development (R&D) advancements in maritime decarbonisation technologies. Themed “Towards Maritime Net Zero: R&D Pathways to 2030 and Beyond”, the 13th edition of the…
Kongsberg Maritime and Solstad Offshore to collaborate on decarbonisation technologies
Kongsberg Maritime and Solstad Offshore have entered into a collaboration agreement to identify and trial decarbonisation technologies across Solstad’s fleet. The companies will work together to identify and utilise Kongsberg Maritime products and services to increase fuel efficiency and reduce greenhouse gas emissions on Solstad vessels. The agreement will also investigate the use of other…
GSBN partners with DNV to enable verified data sharing in a major push for decarbonisation of the global shipping industry
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling efficient, paperless and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has signed a Memorandum of Understanding (MoU) with DNV, the leading classification society. The partnership aims to promote decarbonisation and accelerate the adoption of alternative fuels by enabling the…
Shipping Cannot Wait For Consumers Or Regulators To Get On With Decarbonisation
Insights at a decarbonisation panel discussion at the Inmarsat Connected Future Conference held during London International Shipping Week focused on the drivers, incentives and enablement of sustainable shipping. Participants included Mette Asmussen, Maritime Sector Initiatives Lead, World Economic Forum; Anne Katrine Bjerregaard, Head of Strategy, Sustainability & ESG at Maersk Mc-Kinney Møller Center for Zero…
Wärtsilä Decarbonisation Modelling agreement supports Raízen’s commitment to reducing marine sector’s GHG emissions
Technology group Wärtsilä has signed a strategic partnership agreement for Decarbonisation Modelling with Raízen, a major Brazilian energy company. The agreement focuses on both newbuilding and existing operation upgrade plans. Its aim is to build and implement a fleet-wide decarbonisation plan with a particular interest in the future marine introduction of ethanol as a marine…
HFW Continues To Support BIMCO On Shipping Industry Decarbonisation
Global, sector-focused law firm HFW has continued to support BIMCO in helping the shipping industry navigate complex new carbon intensity (CII) regulations and work towards decarbonisation. The International Convention for the Prevention of Pollution from Ships (MARPOL) introduced new regulations on 1 January 2023 that require ships to reduce their carbon intensity on an ongoing…
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…
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Geopolitics, decarbonisation, and shipping’s future
At the London International Shipping Week headline conference, Yana Popkostova, the founder and managing director of the European Centre for Energy and Geopolitical Analysis, delivered a speech that delved into the complex relationship between geopolitics, decarbonisation, and the shipping industry. Popkostova’s expertise in energy and climate geopolitics provided invaluable insights into the challenges and opportunities…
