Among the many headaches UBS Group AG inherited when it swallowed its crosstown rival was one tied to Credit Suisse’s multibillion-dollar shipping portfolio.
Fuel/Energy Type: All
How a shipping carbon tax could help Africa build climate resilient trade
Pricing the emissions of the international shipping industry could raise $100 billion/yr.
Coatings evolution propelled by decarbonisation drive
ETS and IMO targets drive coatings developments for passenger ships.
HD Hyundai Founds NEMO [Nuclear Energy Maritime Organization] with Global Nuclear Energy Organizations
HD Hyundai Shipbuilding & Offshore Engineering (HSOE) announced on March 6 that it has founded the Nuclear Energy Maritime Organization (NEMO) with leading global nuclear energy organizations.
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.
Training seafarers to use green fuels could cost shipping a billion dollars
Some 800,000 seafarers will need to be ”upskilled” to handle new fuels currently being developed as part of shipping’s decarbonisation journey.
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 GHG Strategy in July 2023.
Pressure builds for charge on global shipping sector’s CO2 emissions
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed.
Shipping starts important negotiations on the road to climate goals
A proposal from Norway and others is causing concern in several camps ahead of this week’s meeting of the IMO’s climate committee.
Q&A: BV sees CCS use in shipping picking up
Carbon capture and storage (CCS) in shipping will likely become more common in the next few years as an interim decarbonisation measure for the maritime industry, along with its shift towards using cleaner fuels.