MPA was hosted by Korea’s Ministry of Oceans and Fisheries at a bilateral meeting in Busan where both updated on digital initiatives and bunkering of new maritime fuels, amongst others.
Keyword: IMO GHG Strategy/ Net Zero
Greek owner to sell all container ships, spend $3B on LNG tankers
There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments?
New study raises concerns about the durability of biofuels
A new study launched by one of the world’s leading dry cargo shipping companies, Oldendorff Carriers, casts doubt on the sustainability of the popular second-generation biofuels.
These electric ferries may set a new standard around clean public transportation
Many cities around the world see clean and efficient public transport as a crucial way to lower their carbon emissions.
Peninsula hits landmark with first supply for LNG-powered cruise ship
Peninsula’s liquefied natural gas supply vessel, Levante LNG, refuelled the Royal Caribbean Group cruise vessel Silver Nova last Saturday, the company’s first LNG supply in Gibraltar
Biofuels and e-fuels in trucks will make it harder for aviation and shipping to go green
The EU climate targets will slash demand for oil and gas. As a result, fuel suppliers are investing in e-fuels and biofuels to replace them
Can shipping hit IMO decarbonisation checkpoints?
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.
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.
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.
Decarbonisation storm hits global shipping
Sea trade is under massive pressure to change as the global population of 61,000 ships collectively weighing in at over 2.1 billion tons deadweight is responsible for over 3% of current CO2 emissions and still rising.