Shipbroker IFCHOR and carbon market specialist ClearBlue Markets have partnered to offer carbon emissions advisory services to the shipping industry. IFCHOR ClearBlue Oceans will help clients navigate changing legislation, source high quality emissions offsets as well as structure and execute carbon offset projects or transactions. Through the partnership, the shipping sector will be able to...
Indian Register of Shipping (IRClass) has undertaken successful sea trials for two vessels towards use of biofuels in concurrence with the Indian flag administration. The two vessels – Ambuja Mukund and Ambuja Vaibhav, are owned by Ambuja Cements, which is a part of the global conglomerate Lafarge Holcim, a leader in building solutions. In a...
Swedish shipping company Stena Line is accelerating its transition towards fossil-free shipping and has presented its roadmap to reduce total CO2 emissions by as much as 30 per cent by 2030. Stena Line has identified four key areas that will enable it to achieve its ambitious carbon reduction target. The company aims to be completely...
Mitsui O.S.K. Lines (MOL) has teamed up with Enviva, a global energy company specialising in sustainable wood bioenergy to develop and deploy an environmentally friendly bulk carrier. The goal of the agreement is to reduce the greenhouse gas (GHG) emissions in the ocean transportation of sustainable wood pellets. In the initial stage, the partnership will...
Port of Antwerp, Fluxys, and Titan LNG have celebrated the christening of a new LNG bunker barge; the FlexFueler 002. Owned by gas infrastructure group, Fluxys and physical supplier of LNG, Titan LNG, the FlexFueler 002 makes LNG as a marine fuel widely available to vessels bunkering in the port. The FlexFueler 002 operates from...
The Fourth IMO GHG Study Executive Summary has been published. This study is the first iteration since the adoption of the Initial IMO Strategy on Reduction of greenhouse gas (GHG) Emissions from Ships in 2018, under which IMO Member States have pledged to cut GHG emissions from international shipping and to phase them out as...
Various low- and zero-carbon marine fuels will allow shipping to meet its emissions targets, but more work is needed to address availability, safety and other issues, says the International Maritime Organization (IMO). The state-of-play of low and zero-carbon fuel options to ensure shipping’s path to decarbonisation was set out in an online symposium hosted by...
A collaborative, green solution developed between Kongsberg Maritime, COSL Drilling Europe AS and drilling equipment provider NOV is poised to generate major environmental and financial savings in offshore drilling operations. COSL’s ambitious ‘Energy Control’ project has been launched as a means of simultaneously slashing greenhouse gas emissions and substantially lowering fuel and maintenance overheads on...
The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30 per cent for each vessel that demonstrates proactive measures to reduce its environmental impact, ensuring shipowners are rewarded...
“K” Line has announced its participation in the “Japan Hydrogen Association” founded by and among numerous private companies who are aiming for the building and enhancement of the hydrogen society. The association will promote global cooperation in hydrogen-oriented activities as well as establishment of supply-chain of hydrogen. In pursuit of the principle in the company’s...
The Wärtsilä 31DF dual-fuel engine is being upgraded to further increase its power output. The higher power output will be available within the same dimensions as previously, delivering greater performance within the same physical footprint. In addition, the already low level of exhaust gas emissions is being improved to heighten even further the engine’s sustainability...
Kansai Electric Power (KEPCO) and e5 Lab have entered into a business partnership for the development and promotion of pure electric vessels “Water Urban Mobility” (EV) in the Kansai bay area. The Japanese shipping industry is facing issues such as eliminating greenhouse gas (GHG) emissions from vessels and the shortage of skilled seafarers. Therefore, development...