Green industry deal: Shipowners want more funds

European shipowners are requesting greater funding from the EU to change the maritime business. In particular, the EU ETS revenue is at issue. The EU’s recently enacted “Clean Industrial Deal” (CID) serves as the backdrop for this need. The goal of this program is to increase the competitiveness and carbon neutrality of the European industry.

DNV issues guidance to help navigate sustainability regulations

With the Hong Kong Convention (HKC) set to take effect this year, shipowners should ensure compliance with regulatory controls and inspections governing ship recycling for their vessels. DNV’s latest guidance paper “Safe and Green Recycling for Ship Owners” outlines how they can work in line with both existing EU Ship Recycling Regulations (EU SRR) and

BW LNG secures e-procurement deal with Procureship for global LNG fleet

Procureship, provider of the world’s leading digital e-procurement platform, has signed a deal with Norwegian shipowner and operator BW LNG to bring its platform to support the group’s procurement capabilities for its fleet of LNG carriers. The deal will enable BW LNG to leverage Procureship’s e-procurement platform, which extensively utilises automation and Machine Learning, to

Shipowners urged to act now to benefit from vessel pooling

CarbonLeap is an independent organization for managing monetized carbon reductions in global transportation. It has advised shipowners to take immediate action to leverage the cost-saving benefits of vessel pooling. The company opines that it is necessary for meeting FuelEU Maritime compliance targets. Further procrastination of the decision to join a pool until early 2026 could

Three shipowners to take on ZESTA challenge

Three shipowners have accepted to take up the absolute zero emissions challenge posed by the Zero Emissions Ship Technology Association (ZESTA), a global industry body representing technologies and fuel providers who are already committed to absolute zero. The three shipowners are Hong Kong-based tanker and bulker firm Wah Kwong, Veer Voyage, a Bahamas-headquartered containerline and

ABB launches digital solution for shipowners

ABB Turbocharging has launched a comprehensive digital solution that is said to offer shipowners simplified management of propulsion efficiency and emissions reporting as well as up to 20% reduction in fuel consumption. Named Tekomar XPERT marine, the system functions across all engines regardless of make, type and age. It comprises three modules covering the engine,

[WEBINAR]Decarbonising Shipping: Issues and Challenges

COP26 Climate Summit held at Glasgow in November 2021 has brought the focus back on to environment and climate change issues in the world. Several countries have pledged to take steps to cut down the carbon emissions and tread on the path towards green transition with set targets for NetZero emissions. In the series of

De-risking 2030 will help shipowners in 2050

Waiting until 2028, and then following the lead of others, is a very high-risk decarbonisation strategy. No single fuel and energy conversion technology is going to satisfy the requirements of every shipowner, so each must develop their own decarbonisation strategy and use 2030 targets to evaluate the solutions that could then take them through to

Methanol to be available for shipowners from 2024

German engine manufacturer MAN Energy Solutions has revealed its plans to work on upgrading its four-stroke engines to run on green future fuels, including methanol and ammonia. As informed, the company will in due course enable shipowners to use so-called “future fuels” –such as ammonia, methanol and hydrogen – also produced in a climate-neutral manner.