Tag: Decarbonisation

2020 will be all about collaboration, say industry experts
Post

2020 will be all about collaboration, say industry experts

In 2020, collaboration and discussion around decarbonisation is set to heighten and industry members will need to ensure they are part of this conversation if the IMO’s target of reducing greenhouse gas (GHG) emissions by at least 40 per cent by 2030 is to be met, warned a panel of industry experts last week. Thanks...

CSSC and LR collaborate on decarbonisation and digitalisation
Post

CSSC and LR collaborate on decarbonisation and digitalisation

Lloyd’s Register (LR) has signed a Memorandum of Understanding (MoU) with Chinese shipbuilding group, China State Shipbuilding Corporation (CSSC) to jointly study research and develop marine equipment and technology. The MoU, which has been signed during Marintec 2019, will include research into zero-emission vessel projects, trends and applications for meeting the IMO’s 2050 decarbonisation target....

Shipping giants join carbon negative shipping project
Post

Shipping giants join carbon negative shipping project

A new project named decarbonICE has been launched to develop an onboard carbon capture and storage solution to cut carbon emissions from international shipping Shipping companies including NYK, Sovcomflot, Knutsen OAS and Ardmore, and ship builders DSME and the mining company Vale, have teamed up with Denmark based Maritime Development Centre to develop the solution....

The opaque report about the shipping industry by CDP
Post

The opaque report about the shipping industry by CDP

Author: Pablo Rodas-Martini, senior associate, SQ Consult B.V. In June 2019, CDP, an institution that in its logo has the words Disclosure Insight Action, published a report called “A sea change,” which was not transparent at all. The report was widely covered not just by the mainstream media but also by the shipping media, creating...

A goal-based approach is needed to cut emissions, says IMO
Post

A goal-based approach is needed to cut emissions, says IMO

  The IMO, which met in London this week to discuss how the shipping industry can continue to decarbonise, has agreed that a goal-setting approach is the best way to reduce carbon emissions in the short-term. Full details of the approach will be resolved next year, the UK Chamber of Shipping has confirmed. States and...

Seabury and LR team up to help clients navigate OPEX and CAPEX challenges
Post

Seabury and LR team up to help clients navigate OPEX and CAPEX challenges

Maritime investment banking and industry advisory company Seabury Maritime, LLC has formed a strategic partnership with Lloyd’s Register (LR) to support maritime clients with key business decisions. Seabury Maritime, a subsidiary of Seabury Capital Group, will work with LR to build a platform to help shipowners and other shipping stakeholders better assess the risks and...

Ammonia and hydrogen are promising future fuels, finds IMO symposium
Post

Ammonia and hydrogen are promising future fuels, finds IMO symposium

Ammonia and hydrogen are promising fuels of the future to decarbonise shipping, an IMO symposium on sulphur 2020 and alternative fuels heard last week. In order to meet the IMO’s target of cutting greenhouse gas (GHG) emissions by at least 50 per cent by 2050 from a 2008 baseline, the shipping industry must look to...

IMO initiative to cut shipping’s emissions completes 3 years of successful pilots
Post

IMO initiative to cut shipping’s emissions completes 3 years of successful pilots

A global network of maritime technology cooperation centres has completed an array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce greenhouse gas (GHG) emissions from shipping. Five regional Maritime Technology Cooperation Centres (MTCCs) have been established under the Global Maritime Technology Cooperation Centres (GMN)...

ClassNK joins the Getting to Zero Coalition
Post

ClassNK joins the Getting to Zero Coalition

ClassNK has announced its participation in the “Getting to Zero Coalition”, an international corporate coalition that promotes the decarbonisation of the maritime industry. The Getting to Zero Coalition is an alliance that aims to have commercially viable zero emission vessels powered by zero emission fuels operating along international trade routes by 2030. In order to...

Powering shipping’s decarbonisation
Post

Powering shipping’s decarbonisation

Meeting the International Maritime Organization’s (IMO) 2050 greenhouse gas (GHG) emissions target will require the industry to shift from burning fossil fuels to more renewable energy sources and adopt new technologies to improve vessel efficiency. Experts speaking on a panel during London International Shipping Week have urged the industry to act now to ensure the...

Shipping decarbonisation initiative launched at UN
Post

Shipping decarbonisation initiative launched at UN

Senior leaders from more than 70 companies across the maritime, energy, infrastructure and finance sectors have come together with the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum to launch the ‘Getting to Zero coalition’ at the UN Climate Action Summit. The summit, which was held on 23 September, saw...

ABS and HHI team up on digitalisation and decarbonisation
Post

ABS and HHI team up on digitalisation and decarbonisation

ABS, Hyundai Heavy Industries (HHI) and Hyundai Global Service (HGS) have agreed on a framework for the exchange of Digitalisation and Decarbonisation (D&D) concepts to apply to present and future designs. This new framework will be an industry first D&D ecosystem between class, shipyard and ship service company. The new framework enables HHI, HGS and...