Tag: sector
IMO ponders new GHG policies, while shipping sector awaits low-carbon economic incentive
Global shipping regulators will soon have to decide whether and how to penalise the use of fossil fuel and whether and how to incentivise the use of greener fuel. Drewry provides a short analysis and comparison of policy discussions, including their possible shortfalls. In July 2023, the International Maritime Organisation (IMO) set new decarbonisation targets…
India: Government issues Guidelines for Pilot Projects for utilizing Green Hydrogen in Shipping Sector
The Government of India has come out with guidelines for undertaking pilot projects for using green hydrogen in the shipping sector. The guidelines, named “Scheme Guidelines for implementation of Pilot projects for use of Green Hydrogen in the Shipping Sector”, have been issued by the Ministry of New & Renewable Energy (MNRE) on 1st February,…
Clarksons joins CCSA to help drive CO2 shipping solutions and evolution of the sector
We’re pleased to announce that Clarksons is now a member of the Carbon Capture & Storage Association (CCSA). With a growing decarbonisation drive, CO2 is coming into much greater focus for the Clarksons Gases division, which has been at the forefront of LPG, LNG, Ammonia, and Petrochemical Gas shipping for more than five decades. The…
UK policy and early movers can play a significant role in unleashing finance to decarbonise the UK freight transport sector
The end of project report released today by the Decarbonising UK Freight Transport (DUKFT) Network, suggest several ways to overcome the chicken-and-egg problems associated with decarbonising road, rail and maritime freight transport. Collectively these sectors represent nearly 7% of UK CO2 emissions and continue to rise fuelled by e-commerce demand and cheap transportation costs. Operating…
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,…
Major Investment across the Maritime Sector urged for the UK to become a Global Leader in Decarbonisation
Maritime UK, the collective voice for the UK’s maritime industries, has used the start of London International Shipping Week to highlight the need for £2 billion private and public sector investment per year to deliver its target to decarbonise by 2050, and further to support an ambition to become a global leader in decarbonisation. Securing…
MOL and Shell Sign Collaboration Agreement to Advance Decarbonisation in Maritime Sector
Mitsui O.S.K. Lines, Ltd. (MOL) and Shell Marine Products Singapore, a business division of Shell Eastern Trading Pte. Ltd (Shell) have signed a Memorandum of Understanding (MoU) to agree a joint focus on advancement of alternative maritime solutions and managing carbon emissions liabilities holistically. The companies will harness their unique perspectives as a fuel supplier…
INTERCARGO warns against complacency as liquefaction remains greatest contributor to deaths in dry bulk sector
Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the main cause of ship losses, according to the recently published Bulk Carrier Casualty Report 2013-2022 from INTERCARGO. The document was submitted to the International Maritime Organization in May, ahead of the 9th session of its…
