World’s first methanol-fuelled towboat to launch in 2023

Maritime Partners in cooperation with Elliott Bay Design Group,  e1 Marine, and ABB, today announced that the M/V Hydrogen One, the world’s first methanol-fuelled towboat, will join Maritime Partners’ fleet and become available for charter in 2023 to meet the pressing demand for sustainable towboat operations. Decarbonising the towboat sector poses substantial challenges, particularly due

Shipping still falls short on decarbonisation after climate talks

The organisation that regulates shipping made little fresh progress toward decarbonising the industry during a series of meetings last week.  The main outcome from talks hosted by the United Nations’ International Maritime Organization was agreement to revise, in 2023, its decarbonisation strategy – and that wasn’t really new. A non-binding proposal on zero emissions didn’t

Wartsila, RINA and stakeholders collaborate to deliver hydrogen fuel solution

The technology group Wartsila, together with class society RINA, ABB, Helbio – a subsidiary of Metacon AB, the Liberian Registry, and energy major on Thursday (25 November) said they have joined forces in an effort to deliver a solution with hydrogen as a bunker fuel. The collaboration aims to have a scalable and sustainable solution

Governments to decide on $5 bn R&D fund for zero-carbon shipping

One week after Glasgow, 174 governments will meet this week at the International Maritime Organization (IMO) in London to address the pressing carbon emission reduction challenges facing international shipping, in what industry is calling the ‘first litmus test’ of government’s decarbonisation commitments following COP26, according to ICS’s release. A critical meeting of the Marine Environment

Decarbonisation: The new language of shipping

THE fourth industrial revolution will be faster, infinitely more complicated and expensive than anything that has gone before. Also known as the fourth propulsion revolution as the next generation of fuels become the latest in a line stretching back to sail, this challenge requires us all to embrace the new language of shipping — which

India needs $10.1 trillion investment to achieve net-zero emission by 2070

India will require a total investment of $10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of $3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said. At the recently concluded COP26, Prime Minister Narendra Modi announced India’s aim to achieve net-zero emissions by 2070. “India would

Wartsila to unveil future fuels conversion platform next year

Finland-based marine technology firm Wartsila is set to commercially introduce its Two-Stroke Future Fuels Conversion platform in Q1 2022, as efforts for decarbonisation in the shipping industry gather pace. The firm has successfully conducted initial trials of the platform at its laboratory in Trieste, Italy. MSC Shipmanagement has served as a partner in the piloting

Shipping and carbon zero: An interview with Bo Cerup-Simonsen

Since the invention of the steamship, in the early 19th century, seaborne trade has been the lifeblood of the global economy. Today, more than 70,000 vessels sail the high seas to ferry goods of all types to nearly every corner of the globe, making up 80 percent of international trade by volume. Bo Cerup-Simonsen, CEO

EU biofuel demand to halve by 2050

The decarbonization of EU road transportation will increasingly impact the demand for fossil and biofuel, especially after 2030. The long-term outlook for biofuels, beyond 2045, does not look promising, as the expected decline in demand is likely to encourage biofuel companies to look for alternative uses for their products, according to a new research report

Biofuel demand in road transport to fall as electrification gathers pace

The decarbonisation of EU road transportation will increasingly impact the demand for fossil and biofuel in the decades to come, according to a new study by Rabobank. The long-term outlook for biofuels, beyond 2045, does not look promising, as the expected decline in demand is likely to encourage biofuel companies to look for alternative uses