Tag: transition
New Research Reveals Financiers’ Beliefs And Behaviours On Shipping’s Transition To A Low Carbon Future
A new research paper published in Journal of Environmental Innovation and Societal Transitions by researchers from the UCL Energy Institute explores the role ship financiers can play in shipping’s transition to zero emission fuels. Using a novel theoretical framework which categorises financiers into five enabling or disabling categories, it finds that most expressed an ambition…
US Workboat Operators Need Industry Collaboration To Overcome Hesitancy In Low Emission Transition
While the US workboat market is primed for the transition to low carbon powertrains, workboat operators must be given further support in the selection of new vessel designs, and new low emission propulsion systems. That is the view of Chartwell Marine, a trusted pioneer of next-generation vessel design, as it meets with customers in Jacksonville,…
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…
Seatrium Selects ABS Chairman and CEO to Help Promote Energy Transition and Next-Generation Skills
Wiernicki Receives First Seatrium Visiting Professorship (SINGAPORE) An innovative program from Seatrium to promote the energy transition and develop next-generation skills in Singapore has selected Christopher J. Wiernicki, ABS Chairman and CEO, to be its first Visiting Professor. Seatrium Professorships at the National University of Singapore College of Design and…
Ingenza and Phibro Ethanol accelerate the green fuel transition
Ingenza and Phibro Ethanol – a division of Phibro Animal Health Corporation – have joined forces to engineer a novel yeast strain that will increase yield in the commercial production of bioethanol under both challenging and conventional environmental conditions, further driving the switch to clean biofuels. This latest innovation – arising from a productive and…
Trading places: shipping must manage new financial risks with transition to EU ETS, says OceanScore
The concept of trading is about to take on a whole new meaning for shipping companies with implementation of the EU Emissions Trading System (EU ETS) for maritime from next year. As well as monitoring their emissions to meet reporting requirements, companies must now grapple with the complexities of carbon credit trading to manage and…
Bold global action needed to decarbonize shipping and ensure a just transition: UNCTAD report
The Review of Maritime Transport 2023 urges swift action and system-wide collaboration to decarbonize maritime transport amid growing carbon emissions and regulatory uncertainty. UNCTAD has called for a “just and equitable transition” to a decarbonized shipping industry in its Review of Maritime Transport 2023 launched ahead of World Maritime Day (28 September). The agency highlights…
Amazon, IKEA, Patagonia and 20+ major brands launch initiative to accelerate the transition to zero-emission fuels
The Zero Emission Maritime Buyers Alliance (ZEMBA) announced a Request for Proposals (RfP) for 600,000 20-foot containers (TEUs) over a 3-year period on ocean vessels powered by zero-emission fuels. The mission of ZEMBA is to accelerate commercial deployment of zero-emission shipping, by leveraging companies’ collective buying power to accelerate the zero-emission vessel market and realize…
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Industry Leaders Explore Global Energy Transition at 4[th] Annual ABS Sustainability Summit
ABS Event Launches London International Shipping Week (LONDON) “There is a significant amount of work to be done between now and 2050 if we hope to hit net zero on carbon emissions. But our research shows it can be done and maps out a pathway for the industry to get…
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Industry Leaders Explore Global Energy Transition at 4TH Annual ABS Sustainability Summit
ABS Event Launches London International Shipping Week (LONDON) “There is a significant amount of work to be done between now and 2050 if we hope to hit net zero on carbon emissions. But our research shows it can be done and maps out a pathway for the industry to get…
![Industry Leaders Explore Global Energy Transition at 4[th] Annual ABS Sustainability Summit](https://nauticalvoice.com/wp-content/uploads/2023/09/Industry-Leaders-Explore-Global-Energy-Transition-at-4th-Annual-ABS.jpg.webp)