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MSC Eyes Hydrogen as Containership Fuel
Container shipping giant Mediterranean Shipping Company (MSC) said it is working to advance the exploration viability of hydrogen and fuels derived from it as potentially viable fuel sources for its vessels.The initiative is part of the Swiss-Italian shipping line’s wider approach to decarbonization
Fluechem Develops New Onboard Urea Generator
Fluechem launched what it is calling "a revolutionary new system" that allows shipping owners to create their own Urea solution onboard.Launched at the end of 2020, the Urea Generator by Fluechem was born out of a deep understanding of the challenges faced by the shipping industry and in particular the challenges related to abating SOx,
UK to Use Satellites to Track Ship Emissions
An initiative aiming to help track and reduce shipping's carbon emissions is among five projects recently awarded U.K. government funding through the country's Space Agency.The University of Leicester will use satellite analytics to track the greenhouse gas and pollution emissions of shipping fleets,
Lloyd’s Register Names Members of Its Decarbonization Panel
Classification society Lloyd’s Register (LR) announced the industry experts who have joined the advisory panel of its Maritime Decarbonization Hub, a dedicated center of excellence launched in October that aims to accelerate the safe, sustainable and cost-effective decarbonization of world shipping
SSY Publishes Shipping Outlook for 2021
After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including how the developing emissions regulations may affect commercial fleets and shipping investments.
Ship Finance Lenders Fall Short of Sector's Carbon Targets
Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday.Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under
Wallenius Bets on Wind-powered Cargo Ships
Two centuries after the first coal-powered steamships crossed the Atlantic Ocean, a Swedish company is designing a futuristic throwback: a huge, wind-driven cargo ship that could help end the fossil fuel era and limit climate change.Shipping accounted for 2.9% of man-made greenhouse gas in 2018, and
Did You Know?: 47% of all Newbuild Dry Bulkers Sport Scrubbers
We have known it all along; the bigger the bunker fuel consumption of the ship, the more likely it is that shipowners will choose an SOx scrubber as the tool to comply with the IMO 2020 sulfur cap.Whiles only three Handysize bulkers in total have been delivered from the newbuilding yards with a scrubber fitted in 2020,
EU Plan to Cut Shipping Emissions Draws Backlash
Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market.As the 27-country EU seeks to steer its economy towards “net zero” emissions by 2050, the
Havyard Jumps to the Fore on Hydrogen
Havyard said that its complete hydrogen system for ships will be completed in 2021, and to that end the group is establishing a separate company to meet market demand for the solution, which will make it possible also for large ships to sail longer distances with zero emissions. Premised on the international
Alfa Laval Continues Green Push with PureCool
The newly-intorduced Alfa Laval PureCool system tackling methane slip from liquefied natural gas (LNG) engines continues a green solutions journey nearly two decades long while pointing the way forward into a new era of environmental work, the Swedish manufacturer says.A unified push for green solutionsThe
Time to Launch Carbon Plan for Shipping is Now, Industry Says
The shipping industry must act now in order to meet U.N. targets to cut carbon emissions by 2050, leading officials said on Wednesday, ahead of a meeting next week that will seek to advance a plan.The U.N. agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse
First Flag State Joins Getting to Zero Coalition
The Isle of Man Ship Registry has become the first flag state to join the Getting to Zero Coalition, an industry-led alliance working toward decarbonizing the international maritime shipping sector.Established in 2019, the coalition is a partnership between the Global Maritime Forum, the Friends of Ocean Action and the World Economic Forum.
Cargill Looks to Use Wind to Cut Carbon in Shipping
Cargill, one of the world's biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday.About 90% of world trade is transported by sea and the International