Support for the IMO’s decarbonisation checkpoints and ambitions at 2030, 2040, and 2050 was unanimous at CMA Shipping 2024, but attendees were divided on whether the shipping industry could hit its marks.
Fuel/Energy Type: All
UBS’s Credit Suisse Takeover Came With a CO2 Headache
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.
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.
Landmark study on offloading onboard captured carbon dioxide identifies low port readiness as key barrier to large-scale commercialisation
A recent study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and ARUP, has identified low port readiness as a major hurdle bottlenecking the adoption of Onboard Carbon Capture and Storage (OCCS) system as a practicable decarbonisation solution.
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.