Safe Bulkers continues fleet renewal with eco-friendly Kamsarmax

Greece-based shipping company Safe Bulkers has entered into an agreement with an undisclosed company to acquire a Japanese Kamsarmax vessel newbuilding. As informed, the newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to the reduction of greenhouse gas emissions (IMO GHG -EEDI Phase 3) as adopted by

Shipowners welcome 40% production benchmark

European shipowners welcomed the inclusion of clean fuels for shipping, including advanced biofuels and e-fuels, in the list of net-zero technologies adopted yesterday at the European Parliament under the Net-Zero Industry Act.    The new law introduces a benchmark for the European Commission and EU member states to match 40% of the deployment needs for clean

Port strategies for green fuels bunkering

The Global Maritime Forum and RMI (founded as the Rocky Mountain Institute), under Mission Innovation’s umbrella, released a report outlining strategies for ports to become first movers in providing green methanol and ammonia bunkering. The report provides insights into the sources of green methanol and ammonia that could be available to the shipping industry and

Methanol Institute releases methanol milestones

2023 was an extraordinary year, as the methanol industry moved to seize the unique opportunity presented by methanol’s rise to prominence as a preferred marine fuel of the future. Beyond shipping, the Methanol Institute (MI) has seen tens of thousands of methanol taxis sold in China, along with hundreds of trucks, including new hybrid models.

IMO launches new platform on future marine fuels

The International Maritime Organization (IMO) has announced that the futurefuels.imo.org platform has been launched, offering access to the latest information on zero and near-zero marine fuels and technologies, including pricing information and the latest research. The website has been developed by the Future Fuels and Technology Project (FFT Project), a partnership project between IMO and

IMO’s carbon tax to fuel shipping sector’s transformation

The United Nations’ International Maritime Organisation (IMO) decided to charge a levy for each ton of shipping emissions from cargo ships that travel across oceans. The 2023 IMO strategy on the reduction of Greenhouse gas (GHG) emissions from ships was adopted by IMO member states in July 2023. A commitment to ensuring the uptake of

Maersk hopes customers will help it hit net zero by 2040

Danish shipping giant Maersk in February became the first company in its industry to commit to achieve net-zero status by 2040, validated by the Science Based Targets initiative. It’s a massive, ambitious and logistically complex project: The marine shipping sector uses an estimated 300 million tons of fuel annually, making it responsible for approximately 3

The Methanol Institute: Summary of the outcomes of MEPC 81

The 81st session of the Marine Environment Protection Committee (MEPC), alongside the preceding Intersessional Working Group on Greenhouse Gases (ISWG GHG 16) meeting, marked a decisive step in the evolution of maritime policy. This included achieving a general consensus on a target-based standard for fuels, underscoring the global commitment to ambitious greenhouse gas (GHG) reduction

Alfa Laval sustainable solutions support IMO’s netzero ambitions

There is an increasing focus within Alfa Laval to support customers towards the energy transition to meet the IMO’s recommendations for reducing GHG & CO2 by 2030 and to achieve net zero target by 2050. By innovations supporting alternative fuels like biofuels, methanol & ammonia and new technologies like air lubrication, wind propulsion & carbon

IMO adopts 2024 LCA guidelines at MEPC 81

The International Maritime Organisation (IMO) adopted life cycle assessment (LCA) guidelines of marine fuels at the 81st meeting of the Marine Environment Protection Committee (MEPC). Delegates at MEPC 81 approved base LCA guidelines to cover all fuels and other energy carriers to be used on board vessels. The LCA guidelines cover carbon dioxide (CO2), methane