Ahead of the Leaders’ Summit on Climate convened by President Biden, shipping bodies are pushing to make mandatory market-based measures (MBMs) part of the solution to shipping decarbonization. In a joint submission
Industry coalition SEA-LNG is firing back against a World Bank study that sees LNG as “likely to play a limited role” in decarbonizing shipping and recommends countries should “avoid new public policy
One of two reports on decarbonizing shipping published last week by the World Bank sees LNG as “likely to play a limited role” in decarbonizing the sector and recommends that countries should
The Alfa Laval Test & Training Center in Aalborg, Denmark, is constructing an innovative fuel cell system that will be used to test high-temperature proton exchange membrane (HTPEM) technology developed by methanol
As part of the first high-level preparatory talks for the COP26 summit, Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, a world leader in shipping and logistics, has put forward
Wärtsilä is cooperating with the Finnish Border Guard in the testing of Bio-LNG as fuel for the 96 meter long Coast Guard patrol vessel Turva. The aim is to lower greenhouse gas
As we reported yesterday, the shipping community is calling for a $5 billion IMO shipping decarbonization R&D effort to be funded by a $2 per ton tax on marine fuels. Two pacific
Governments controlling a major share of the world merchant fleet yesterday submitted a “moon shot” proposal to to the United Nations International Maritime Organization (IMO), calling for the establishment of a $5
One of the world’s largest shipowners, Singapore-headquartered Eastern Pacific Shipping (EPS), is to retrofit a number of the existing vessels in its 15 million dwt fleet to burn methanol and ammonia fuels.
As we reported earlier, Hapag-Lloyd has secured green financing for six containerships on order for delivery from South Korea in 2024. Hapag-Lloyd obtained the favorable financing with the support of DNV which