EU Council adopts new legislation for maritime transport

The main objective of the FuelEU maritime initiative, as a key part of the EU’s Fit for 55 package, is to increase the demand for and consistent use of renewable and low-carbon fuels and reduce the greenhouse gas emissions from the shipping sector, while ensuring the smooth operation of maritime traffic and avoiding distortions in the internal market.

HEMEXPO, DNV sign agreement covering energy-saving devices capability assessment

The classification society will issue a letter of professional opinion for the HEMEXPO products that fall into the ESD category.

EU Council adopts green fuel requirements for shipping

The new EU law to decarbonise the maritime sector has cleared its final adoption stage, putting an end to two years of intense negotiations.

BP to supply marine biofuels to New Zealand

The oil major will supply a blend of 24% International Sustainability and Carbon Certification-approved used cooking oil methyl ester (Ucome) biodiesel and 76% very-low sulphur fuel oil (VLSFO).

Evergreen to overtake Hapag-Lloyd as it orders 24 dual fuelled ships

In filings to the Taiwan Stock Exchange last night, the Taiwanese liner operator said that its Singapore-registered subsidiary, Evergreen Marine (Asia) has ordered 16 of the ships from Samsung Heavy Industries in South Korea, while the other eight ships will be built by Japan’s Nihon Shipyard. EMC said that the total contract value ranges from

Russia oil discount to India decline, but shipping charges remain high

Shipping costs of $11-19 a barrel from Russian ports to India – some of it on 100+ tankers allegedly acquired by Russian actors for shadow fleets – are higher than rates for comparable distances, such as the Persian Gulf Travel from to Rotterdam

Public backs hydrogen and biofuels for shipping decarbonization

The study involving the University of Southampton also found that nuclear was preferred to the heavy fuel oil (HFO) currently used in the global shipping industry, although both were perceived negatively. Ammonia had the least public support.

Shipping Industry agrees to reach netzero by 2050

The global shipping industry has agreed to reduce planet-warming gases to netzero by or around 2050. But critics say the deal is fatally flawed. Ships produce around 3% of global CO2 but countries will now have to reduce this as close as possible to zero by the middle of the century. Small island states have

MAN’s trials of ammonia-powered engine achieve breakthrough

MAN Energy Solutions (MAN ES) has successfully trialled an ammonia-powered two-stroke engine. Further tests will be carried out this year with a view to selling the first engines in 2024, and offering retrofit options from 2025. Currently there are close to 200 ammonia ready ships on order with many experts predicting the fuel will climb

EU ETS bill set to cross over €3 bn in 2024

The EU MRV regulation requires all ships exceeding 5,000 gross tons to collect and report data on CO2 emissions released to and from EU and EEA ports and will serve as the basis for shipping’s inclusion in the EU Emissions Trading System (ETS) from 1 January 2024