Two shipping liner bosses discuss potential for nuclear

At a press conference hosted by the World Shipping Council, a liner lobby group, Jeremy Nixon and Rolf Habben Jensen, the CEOs of Ocean Network Express (ONE) and Hapag-Lloyd, respectively, discussed a range of environmental issues while also unveiling a new green fuel pricing mechanism proposal that has been submitted to the International Maritime Organization

MOL completes carbon insetting pilot with 123Carbon

Japan’s Mitsui O.S.K. Lines (MOL) has completed an insetting pilot with 123Carbon by tokenising the GHG emission reductions from the net zero voyage fuelled by bio-methanol. This allows MOL to allocate the GHG emission reductions from the use of bio-methanol to customers considering Scope 3 reductions from maritime transport services, based on the Market-Based Measures

QatarEnergy partners with Nakilat for LNG

QatarEnergy last week selected Qatar Gas Transport Co. Ltd. (Nakilat) as owner and operator of up to 25 conventional-size (174,000-cu m) LNG carriers. The deal is pursuant to a time charter agreement to be entered into by affiliates of QatarEnergy and Nakilat. The award is the first in the second batch of long-term time charters

Poultry industry urges govt to allow maize imports

With ethanol-makers competing strongly for maize supplies, the poultry industry, which depends heavily on maize for its feed requirements, has asked the Union Government to allow it to import genetically modified maize and soyameal. It also wanted the government to bring in high-yielding GM seeds to increase productivity in the country. The country is using

Australian economists propose $100 bn annual fossil fuel tax

Leading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation’s fossil fuel production. They claim it could raise A$100 billion in its first year and position Australia at the forefront of the low-carbon revolution. The proposal has been

Arkas Bunker receives ISCC certification

Marine fuel supplier Arkas Bunker, a subsidiary of Arkas Holding said it received the International Sustainability and Carbon Certification (ISCC). It received the certification for the sustainable supply of biomass, biofuels, and other renewable raw materials in Turkey. The firm added it will continue its journey with a sustainable business model in marine fuels while

WSC proposes greenhouse gas pricing mechanism

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism. The aim is to provide a new approach to greenhouse gas pricing which makes it possible to close the

Solstad Offshore ramps efforts for marine decarbonisation

Norway’s Solstad Offshore has joined forces with a compatriot dealer of Cat power solutions, Pon Power, and Houston-based Caterpillar Marine to scale up fuel efficiency across its offshore support vessels (OSVs) and slash its greenhouse gas (GHG) emissions footprint while working on advancing the use of methanol-powered solutions for these ships. To this end, the

ABS publishes industry-leading requirements for LCO2 carriers

ABS sets its sights on the vessels that will support the next step in the path of decarbonization with its latest publication: Requirements for Liquefied Carbon Dioxide Carriers. This is the first publication available in the maritime industry dedicated to the design, construction, and classification of LCO2 carriers where liquefied CO2 is carried as cargo.

Smyril Line orders two methanol-powered RoRo ships

Smyril Line announced that a contract has been made with the CIMC Raffles shipyard in China to build two new methanol-ready cargo ships for the company. The new cargo ships will join Smyril Line’s current network, and they are planned to start sailing in 2026. The ships are designed for optimal year-round seaworthiness in the