Europe to give shipping priority access to greener fuels

The European Commission published on Tuesday its proposal for a 2040 climate target laying out the pathway to make the European Union climate neutral by 2050 with shipping shown its green pathway, and a noticeable rapprochement with the industry’s global regulator, the International Maritime Organization (IMO). European shipowners welcomed the commitment of the commission to

Submissions fly in for next month’s MEPC

Submissions are flying in to the London headquarters of the International Maritime Organization (IMO) ahead of the eighty-first session of the Marine Environment Protection Committee (MEPC) next month where the focus will be on developing legally-binding measures to ensure last year’s milestone agreement to phase out greenhouse gases from shipping by 2050 is made possible.

Maritime industry rapidly changing, facing multiple global challenges

Arsenio Dominguez assumed the role of Secretary-General of the International Maritime Organization (IMO) with a vision centered around transparency, inclusion, and diversity. In the face of evolving challenges within the maritime industry, ranging from climate change to security threats, he emphasizes the need for efficiency, resilience, and forward-thinking. Drawing on his extensive experience as a

Shipping industry proposes ZESF fund for netzero transition

The International Chamber of Shipping (ICS) has submitted a comprehensive proposal to the UN International Maritime Organization (IMO), advocating for the creation of a Zero Emission Shipping Fund (ZESF). The proposal aims to accelerate the transition of the global commercial shipping fleet to net-zero emissions by 2050. The plan, backed by shipowners worldwide, proposes mandatory

ClassNK issues AiP for Maritime Hydrogen Fuel Cell System

ClassNK has issued an Approval in Principle (AiP) for a maritime hydrogen fuel cell system developed by YANMAR Power Technology Co., Ltd. (YANMAR PT). This is the first AiP certification for a maritime hydrogen fuel cell system developed by a Japanese manufacturer. Hydrogen fuel cells are gaining attention as a potential means to help reduce

Indian Register of Shipping announces senior management appointment

In line with the rapid expansion of the Indian Register of Shipping (IRS), P.K. Mishra, previously Head of Operations, has been promoted to Joint Managing Director of IRS, effective 1 st January 2024. Joining as a Surveyor with IRS in 1998, Mishra rose through the ranks to become Chief Surveyor in 2023. With close to

Shipping leaders set out plans to deliver on IMO emission targets

60 maritime organisations and government partners have agreed on a course to deliver on the International Maritime Organization (IMO)’s net zero targets by or around 2050 at Shaping the Future of Shipping, an event hosted by the International Chamber of Shipping and the government of the UAE on the sidelines of COP28 in Dubai. More

BIMCO adopts four ETS clauses

The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU). To support the industry, shipping organisation BIMCO has developed a portfolio of new emission trading scheme (ETS) clauses. BIMCO’s documentary committee adopted a new emission trading scheme allowances clause for BIMCO’s ship management agreement,

Shipping CEOs join forces to accelerate the decarbonization

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO), the global regulator, to create the regulatory conditions to accelerate the transition to green fuels. Global temperatures are breaching critical levels,

EMF builds four methanol-ready bunker tankers

Equatorial Marine Fuel Management Services (EMF) confirmed that it will be building two additional 7,999 dwt IMO Type II Chemical and Oil Tankers that will be used as bunker tankers at the Port of Singapore. EMF earlier has placed an order for two similar newbuildings at Zhejiang Shenzhou Sunshine Heavy Industry Co., Ltd.; the first