Cargill in wind propulsion initiative
Agribusiness giant Cargill, one of the world’s top charterers of ships, is continuing to put its considerable weight behind efforts to decarbonize shipping. In its latest move in this direction it has
decarbonization
IMO panel agreement on CO2 reduction gets mixed reviews
An International Maritime Organization working group that met virtually last week has produced a proposed package of additional CO2 reduction measures for the existing global shipping fleet. The draft text will now
Trafigura proposes IMO-administered carbon levy on fuels
One of the world’s largest ship charterers, responsible for more than 4,000 voyages a year, is proposing that the International Maritime Organization introduce a carbon levy of between $250 and $300 per
Shell sees hydrogen and fuel cells in shipping’s net-zero future
While DNV GL’s most recent Maritime Forecast to 2050 sees a relatively limited uptake of hydrogen as a ship fuel, a report from Shell released yesterday sees things somewhat differently. The report,
DNV GL: Fuel choice the essential decision in shipping decarbonization
The just-released fourth edition of DNV GL’s Maritime Forecast to 2050 identifies fuel choice as the essential decision facing shipping as it charts a path to decarbonization. And while there are many
VIDEO: IMO Secretary-General calls for sustainable shipping for a sustainable planet
In a World Maritime Day message today, International Maritime Organization Secretary-General Kitack Lim said that IMO’s theme for 2020, “Sustainable shipping for a sustainable planet,” couldn’t be more relevant now and for
CLIA releases 2020 cruise industry environmental technologies and practices report
The Cruise Lines International Association (CLIA) today released the latest Global Cruise Industry Environmental Technologies and Practices Report produced by Oxford Economics. The report highlights the progress that CLIA oceangoing cruise line
Klaveness in Norway’s first green newbuild finance deal
In what is claimed as a first for a Norwegian shipowner, Klaveness Combination Carriers ASA (KCC) has secured a $60 million sustainability linked term loan and revolving credit facility for the financing
VIDEO: Maersk and DFDS join partnership aiming for industrial-scale sustainable fuel production
Shipowners A.P. Moller – Maersk and DFDS have joined a Danish partnership that plans to develop an industrial-scale production facility in the Copenhagen area to produce sustainable fuels for maritime, road and
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%