CEO Spotlight: Q&A with Tuomas Riski, Norsepower
With economies under stress from COVID-19, carbon emissions this year will be down for the first time since 2008. Tuomas Riski, Norsepower CEO, believes this gives shipping an opportunity to pivot on
Search Results for: decarbonization
ABS publishes wind-assisted propulsion guide
The newly-published ABS Guide to Wind-Assisted Propulsion System Installation provides class safety standards for the installation of wind-assisted systems. It is applicable to two leading wind-assisted propulsion technologies: Flettner rotors and wing
Inmarsat report explores Japan’s connected maritime innovation ecosystem
Japan’s role and potential as a driver of digitalization in shipping is the focus of a new report sponsored by Inmarsat. The study, “A quiet revolution – the maritime innovation ecosystem in
New ABS projections suggest shipping will need to do more to meet GHG targets
ABS has published its latest trends and projections on carbon-reduction strategies for shipping as the industry looks to meet decarbonization ambitions. It suggests that though shipowners may meet IMO’s CO2 reduction targets
U.K. project looks at potential of carbon capture for shipping
The U.K.’s Department for Transport is funding a project that will evaluate the potential for using carbon capture to reduce CO2 emissions from shipping. The funding has been awarded Chester, U.K., based
DNV GL launches venture fund inspired by “decade of transformations”
Responding to the challenges of energy transition and digitalization, DNV GL has launched a venture fund called DNV GL Ventures. It aims to build a portfolio of between 15-20 startups in the
BW LPG to retrofit eight ships to LPG dual-fuel operation
Singapore-headquartered gas carrier operator BW LPG this month exercised an option for the delivery of four additional LPG dual-fuel engine retrofits. BW LPG has now committed to retrofit eight Very Large Gas
Price tag for decarbonizing shipping: $1 trillion
At least $1 trillion of capital investment in land-based and ship-related infrastructure will be needed to achieve the IMO target of reducing world shipping’s total greenhouse gas emissions by at least 50%
With ZEVs needed by 2030, ammonia-fueled tanker project gets underway
To meet IMO’s 2050 Greenhouse Gas (GHG) emission reduction target, commercially viable deep-sea Zero-Emission Vessels (ZEVs) will need be in operation by 2030 —just ten years from now. In response, shipowner MISC
CMA names its 2020 Commodore
Lois Zabrocky, Chief Executive Officer of New York, N.Y. headquartered tanker operator International Seaways, Inc. (NYSE:INSW), has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2020. Zabrocky follows