Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator

Baltic Exchange has introduced a series of green fuel options to its FuelEU voyage and compliance cost calculator as more shipowners, traders and charterers seek to understand the commercial implications of this regulation on their voyage costs. Biodiesel, bio-LNG, bio-LPG, green methanol, green hydrogen and green ammonia have all been added to the calculator, either

Pacific Basin Shipping orders 4 dual-fuel low-emission vessels

After working with Nihon Shipyard Co. and Mitsui & Co. for two and a half years, Pacific Basin Shipping announced that it has placed an order for four 64,000 dwt dual-fuel low-emission vessels (LEVs) that can run on fuel oil and green methanol. As previously stated, two of the ships are contracted with Mitsui &

GAIL advances net zero emission target to 2035

State-owned gas utility GAIL (India) Ltd said it has advanced the target to achieve net zero carbon emission by five years to 2035 as it takes a multi-prolonged approach to reaching the goal. The company was previously targeting net zero carbon emissions by 2040. GAIL Board accorded approval to advance its net zero targets for

Decarbonization is more than a story of CO2 emissions

 The Energy Transition at Sea is a once in a generation opportunity for shipping and governments around the world to revitalize national maritime strategies and build the infrastructure and assets we will need to achieve net zero. That’s the view of ABS Chairman and Chief Executive Christopher J. Wiernicki who is highlighting how maritime decarbonization

IMO progresses toward ship emissions reduction measures

IMO is advancing discussions on legally-binding ‘mid-term’ measures to help the maritime industry achieve net zero shipping, as set out in the 2023 IMO Strategy on the Reduction of GHG Emissions from Ships. The measures are scheduled for adoption in late 2025. The topic is part of a packed agenda for IMO’s Maritime Environment Protection

IATA updates netzero carbon emissions 2050 progress

IATA’s update on the path to net zero emissions presents some encouraging progress, particularly in developing the SAF supply chain. Global aviation community focused on SAF development for net zero emissions by 2050.  Major players like Neste and IAG making significant strides in SAF supply chain. New technologies like hydrogen fuel cells and ethanol production

Veer to select a shipyard to construct first 100% zero-emission ship

The Bahamas-based maritime startup Veer will soon select a shipyard to commence the construction process. Veer’s solution is a wind-powered containership with auxiliary fuel cell propulsion that utilizes green hydrogen as fuel and DynaRig sails. The company’s breakthrough first ship design, ‘Design Nº1’, will be the first absolute zero-emission containership capable of crossing an ocean.

Glomar achieves 28% emissions reduction using GoodFuels’ biofuel

Dutch offshore drilling services provider Glomar Offshore has revealed that it has achieved CO2 emissions reduction by 28% by transitioning from traditional fuels to GoodFuels’ HVO30, a sustainable marine biofuel blend. As disclosed, Glomar Offshore took its first steps towards making its operations more sustainable several years ago by adding FincoEnergies’ ChangeXL additive, which resulted

Ship finance lenders make headway on emission targets

The 34 banking signatories to the Poseidon Principles, representing a loan portfolio to global shipping of about $240 billion, have reported a joint improvement in emissions reduction scores in 2023 based on initial IMO targets. In its fourth annual report, the framework for measuring and reporting the alignment of lenders’ shipping portfolios with climate goals

Buyofuel announces 5X growth in 2023 by reducing 80K MT emission

Against the backdrop of rising air pollution concerns across India, Buyofuel, a tech-driven biofuel marketplace, announces a momentous threefold growth in the fiscal year 2023. While struggling with nationwide air quality challenges, the company has emerged as a key player in driving environmental change, successfully reducing approximately 80,000 metric tons of CO2 emissions through strategic