Volvo Cars shifts to renewable fuels for shipping its vehicles

Volvo Cars said that it transports tens of thousands of containers of production material each year and that the switch would achieve an immediate reduction in fossil CO2 emissions from intercontinental ocean freight by 55,000 tonnes over a year.

MOL and Petronas develop liquified CO2 shipping

Mitsui OSK Lines (MOL) and Petronas have showcased the results of their joint efforts aimed at shipping and storing liquified carbon dioxide (CO2). The duo, in collaboration with Shanghai Merchant Ship Design & Research Institute (SDARI), has developed and secured approval in principle for liquefied CO2 carriers and a floating storage and offloading (FSO) unit.

WB suggests carbon tax for shipping

A new 58-page report from the bank suggests a carbon tax in shipping alone could raise $40bn to $60bn each year between 2025 and 2050, money which could be used to speed the decarbonisation of the shipping industry as well as boosting port infrastructure, especially in developing countries.

Yara and Cepsa to work together for hydrogen shipping corridor

The partnership envisages Yara Clean Ammonia (YCA) supplying Cepsa with clean ammonia volumes allowing the Spanish firm to start marketing clean hydrogen and clean ammonia to industrial and shipping companies in Rotterdam and Central Europe

US calls for stringent interim goals for shipping decarbonization

Sue Biniaz, the US deputy special envoy for climate, described July’s MEPC meeting as a “key moment” to create emissions reduction targets for the sector that align with the 1.5-degree goal.

France supports to form carbon levy coalition for shipping

France is attempting to assemble a coalition of dozens of nations to endorse the proposal and has received backing from Japan and Denmark among others.

New safety and pollution targets for shipping

The package includes three proposals focused on improving maritime safety rules, emphasizing port state control and maritime accident investigations to reduce incidents, safeguard human lives, and prevent environmental pollution.

MEPC 80 to target more shipping emissions

Shipping has faced significant pressure from regulators and NGOs alike to slash emissions, but new analysis from Clarksons Research places the industry’s carbon footprint in a different light.

EU agrees to promote sustainable fuels in shipping

European Parliament (EP), the Council of the European Union, and the European Commission (EC) have reached an agreement on the FuelEU Maritime regulation, with the objective to increase the share of renewable and low-carbon fuels in the fuel mix of maritime transport in the EU. In particular, from 2025, for ships trading in the EU/EEA,

K Line orders LNG carrier

Kawasaki Kisen Kaisha, (K Line) has fixed a 15-year long-term LNG time charter contract with an option to extend the contract up to 10 additional years with Mitsubishi Corporation subsidiary Diamond Gas International and has signed a shipbuilding contract with Samsung Heavy Industries for a 174,000 cu m LNG carrier. The ship will deliver in