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

Government issues guidelines for green hydrogen in shipping

The Government of India has come out with guidelines for undertaking pilot projects for using green hydrogen in the shipping sector. The guidelines, named “Scheme Guidelines for implementation of Pilot projects for use of Green Hydrogen in the Shipping Sector”, have been issued by the Ministry of New & Renewable Energy (MNRE) on 1st February,

New e-fuels project to make international shipping climate neutral

Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where companies and researchers from Europe will develop and convert a bulk carrier to sail on climate-neutral fuels and green power. That is how much cargo the bulk carrier from TOPIC

Shipping starts shelling out for EU Allowances

The largest regional green regulations in the history of shipping came into effect yesterday with the industry included in the European Union’s emissions trading system ( EUETS), a market-based measure that sets a cap on allowed emissions. From yesterday, vessels visiting EU ports will be required to offset their applicable CO2 voyage emissions through the

CCS issues low-carbon development outlook for shipping

China Classification Society (CCS) released the “2023 Low-carbon Development Outlook for Shipping.” Two years ago, CCS released the “2021 Low-carbon Development Outlook for Shipping” at the North Bund Forum to explore the path for the shipping industry to achieve emission reduction targets.  In July 2023, the International Maritime Organization (IMO) passed the “2023 Strategy on

Bernhard Schulte enters liquefied CO2 trades

Germany’s Bernhard Schulte is expanding into liquefied carbon dioxide shipping with its first CO2 carrier order. The shipowning business of family-owned Schulte Group with a diversified fleet of 80 fully or partly owned vessels, has contracted China’s Dalian Shipbuilding Offshore (DSOC) for a 7,500 cu m LNG dual-fuel capable liquefied CO2 carrier newbuild backed by

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

Shipping industry faces $200 per container gap in emission transition

A 34-page study just released on the brink of COP28 examines the cost of zero-emission container ships, illuminating the annualised costs and the discrepancy in price per container between Chinese and transpacific coastal shipping. The report by the UK-based UMAS highlights the significant initial cost differential between traditional fossil fuels and scalable zero-emission fuels (SZEF),

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,

UCL explores role of ship financiers in shipping’s green transition

A new research paper published in Journal of Environmental Innovation and Societal Transitions by researchers from the UCL Energy Institute explores the role ship financiers can play in shipping’s transition to zero emission fuels. Using a novel theoretical framework which categorises financiers into five enabling or disabling categories, it finds that most expressed an ambition