Tag: remain
IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum builds on a universal GHG price (levy), but all options remain on the table
The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some progress made on the finalisation of mid-term measures, and without a decisive shift in the landscape of positions and preferences. This meeting was the first convening of the IMO following the adoption of the Revised…
Ammonia/LPG Carriers Remain Newbuilding Favorites
Ship owners keep focusing on new fuel technologies, when it comes to newbuilding orders, with ammonia being among the preferred options at this stage. In its latest weekly report, shipbroker Allied Shipbroking said that “as the first month of 2024 concludes, we can see the continua tion of some of last year’s themes. In particular,…
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…
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…
Shipping must become green, but also remain safe
Danish Shipping has been working in recent weeks to establish guidelines for the new green fuels at the recent meeting of the UN International Maritime Organization, IMO. The process is lengthy, but progress is being made. As ships are increasingly set to sail on new green fuels in the near future, it is important to…
