Global Bulker Fleet Speed Declines to Comply with IMO Regulations

According to new research report by Veson Nautical (Veson), global carbon emissions from bulk carrier vessels have fallen by 5 million tonnes, or 2.5%, since the beginning of 2021. This was achieved in spite of an increase in the distance travelled and time spent underway. The report cites a reduction in average speed by bulk

Maersk Expects IMO to Approve Global CO2 Levy Next Year

Shipping giant A.P. Moller-Maersk A/S expects IMO, the industry’s global regulator, to approve a charge on vessels’ greenhouse gas emissions. At International Maritime Organization (IMO) talks in London, nations have been inching toward new regulations to reign in emissions from a sector that annually spews about a billion tons of carbon dioxide into the atmosphere. Maersk group representative

Technological developments key to reducing maritime sector emissions, finds new DNV report

Reaching shipping’s 2030 decarbonization goal of 20% emission reductions, set by the International Maritime Organization (IMO), will not happen without significant energy savings, according to DNV’s latest Maritime Forecast to 2050. The report stresses that, until carbon-neutral fuels become viable, prioritizing the development and use of technologies that reduce energy consumption is crucial for lowering

Methanol Institute granted consultative status at IMO

The Methanol Institute (MI) has been granted consultative status by the International Maritime Organization (IMO). Consultative status is reserved for non-governmental, international organizations that have the capability to make a substantial contribution to the work of IMO. MI will now be able to attend meetings as an observer and offer expert input on discussions in

Shipping gears up to debate carbon levies

Ahead of the next session of the Marine Environment Protection Committee (MEPC), scheduled to start at the end of September, proposals are pouring into the International Maritime Organization (IMO). The headline from the global gathering is expected to be the deliberations on some form of carbon levy. Lobby group, the International Chamber of Shipping (ICS),

WSC readies green balance mechanism proposal for IMO

World Shipping Council (WSC) has developed the Green Balance Mechanism, a regulatory measure designed to ensure that shipping meets its net-zero goal by 2050 in an efficient, just and equitable way. A detailed proposal, including design updates and regulatory text for the Green Balance Mechanism, has been submitted to support the timely development of effective

KR conducts risk assessment on Korea’s first onboard CCS

 KR has announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing. The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI), and PANASIA. As a result of this collaboration, the system was installed on the

SGMF study finds ammonia reduces shipping GHG emissions

An independent study, commissioned by the Society for Gas as a Marine Fuel (SGMF), has revealed that greenhouse gas (GHG) reductions of up to 61% are now achievable from using ammonia as a marine fuel, depending on the marine technology employed. SGMF said that the analysis concluded that ammonia can “beyond question” contribute significantly to

Scientists say cleaner shipping fuel is adding to ocean warming

Delivering fuel regulations presented in 2020 have caused a significant cut in sulphur dioxide (SO2) pollution, but may also have made the ocean warmer by decreasing cloud cover, according to a modelling research study in a. paper published recently. International Maritime Company (IMO) guidelines to take on. marine pollution required carriers to cut their fuel

DNV validates Norsepower’s new EEDI/EEXI calculation method

Norsepower, the global market leader in mechanical sails, has presented calculation method, validated by the leading classification society DNV. The Norsepower E-Cal Method accurately calculates the effective power of Norsepower Rotor Sail™ (NPRS™). This helps ensure the vessel’s compliance with the latest IMO regulations, reducing the business risk for the shipyards, shipping companies, and ship