Tag: Fuels
Simplified Global GHG Fuel Standard for marine fuels put forward to help meet net zero target
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, and the International Bunker Industry Association (IBIA), which represents the global bunker industry, have submitted a joint proposal to the shipping industry’s global regulator – the UN International Maritime Organization (IMO) – for a Global GHG (greenhouse gas) Fuel Standard.…
European shipowners call for clean affordable fuels for shipping before Parliament vote on trucks CO2 standards
The EU recently adopted the ‘Fit for 55’ package that introduces the new ambitious measures for Europe to reduce emissions by at least 55% by 2030 and become carbon neutral by 2050. Shipping will contribute for the first time to the EU climate targets being part of the EU ETS and the FuelEU Maritime law.…
Bunker Holding and NeoGreen Hydrogen Corp. sign MoU for green ammonia and synthetic fuels
Bunker Holding and NeoGreen Hydrogen Corp. announce the signing of a Memorandum of Understanding to collaborate on the operations, logistics, and marketing of green ammonia and synthetic fuels across NeoGreen’s global project portfolio. With the EU’s FuelEU Maritime regulations due to enter into force in 2025 and the expectation of new IMO regulations in 2027,…
Technology readiness for key zero carbon fuels is increasing, but barriers for investment and community readiness remain significant
An increase in national hydrogen energy strategies worldwide has driven renewable energy and land-side hydrogen infrastructure in major countries. The Lloyd’s Register (LR) Maritime Decarbonisation Hub’s October 2023 update of the Zero Carbon Fuel Monitor, which tracks technology, investment and community readiness of prominent alternative fuels for the maritime energy transition, has found that technology…
Evergreen and CIP team up to explore green shipping fuels
Evergreen Marine Corporation (“Evergreen”) and Copenhagen Infrastructure Partners (“CIP”) have signed a Memorandum of Understanding (MOU) to jointly explore production and usage of carbon-neutral e-fuels. CIP has signed the MOU on behalf of its Energy Transition Fund. With more than 200 container vessels deployed around the world, Evergreen is amongst the 10 biggest container shipping…
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New Fuels, New Challenges | Hellenic Shipping News Worldwide
Shipping’s need for decarbonization has increased the needs for alternative fuels and the supply chains to support them. For the most part, both of these prerequisites don’t exist today. In its latest weekly report, shipbroker Intermodal said that “the maritime industry is on the verge of a significant transformation as it navigates through complex challenges…
Port of Rotterdam supports ZEMBA initiative with additional incentive for sustainable shipping fuels
Port of Rotterdam will offer a substantial port fee reduction for ships that bunker sustainable fuels in Rotterdam, supporting the recently announced Zero Emissions Maritime Buyers Alliance (ZEMBA) and recognizing front runners in the road to maritime decarbonization. ship bunkers methanol Boudewijn Siemons, COO and CEO a.i. of the Port of Rotterdam: “It is vital…
MOL Appointed as “Sector Champion” of First Movers Coalition- Leading the Discussion to Promote Zero-Emission Fuels
Mitsui O.S.K. Lines, Ltd. announced at the “Procure Innovation Dialogues” held by the World Economic Forum that MOL will represent the shipping sector as a “Sector Champion” in the First Movers Coalition (FMC) to lead the discussion on promoting zero-emission fuels. (Note 1). FMC consists of seven sectors: Shipping, Aluminum, Aviation, Carbon Dioxide Removal, Concrete,…
Danish Shipping: EU needs to invest in green fuels
This week, Torben Carlsen, CEO of DFDS and chairman of Danish Shipping participates in the European Shipping Summit 2023 to bring Danish Shipping’s priorities forward to decision-makers in the EU institutions. Ambitious regulation and investments in the green transition of shipping is at the very top of the list of priorities. With two days of…
Electrolyzers, Carbon Capture and the Cost of Green Fuels, Dominate the Discussion Between ABS Chairman and CEO and Leading Economist
Reducing the cost of electrolyzers and rapid adoption of onboard carbon capture technology is going to be critical if shipping is to reach its net zero carbon emissions target. That was the message for the industry from an inspirational discussion at London International Shipping Week between leading maritime industry economist Dr. Martin Stopford and Christopher…
