Tag: <span>IMO 2050</span>

Yara and MPA Singapore join ammonia-fuelled tanker project
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Yara and MPA Singapore join ammonia-fuelled tanker project

The Maritime and Port Authority of Singapore (MPA) and Yara International (Yara) have joined an ammonia-fuelled tanker Joint Development Project (JDP). The duo join MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI) and MAN Energy Solutions (MAN), in the coalition known as The Castor Initiative.  Yara will work alongside MISC, LR, SHI and...

METIS launches predictive Poseidon Principles Emissions INDEX
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METIS launches predictive Poseidon Principles Emissions INDEX

METIS Cyberspace Technology has refined its cloud-based data acquisition and ship performance reporting solution to offer shipping’s first tool to predict the trade-off between emissions reduction and debt servicing for ships financed under the Poseidon Principles. Designed to incentivise maritime decarbonisation, the Poseidon Principles offer a framework for financial institutions to lend in line with...

HHI Group and DNV GL to develop future-proof tanker designs
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HHI Group and DNV GL to develop future-proof tanker designs

DNV GL and HHI Group have teamed up to embark on the development of future-proof tanker designs. In a recent “Green Tankers towards 2050” industry webinar, DNV GL and HHI Group presented the results of new joint research and explained how eco-friendly maritime solutions can help shipowners and managers to cope with stricter environmental regulations...

Alfa Laval begins biofuel testing at Danish centre
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Alfa Laval begins biofuel testing at Danish centre

Alfa Laval’s Test & Training Centre in Aalborg, Denmark has been readied for testing with biofuels. Biofuels are one possible option for reducing emissions of greenhouse gases (GHGs) and meeting the IMO’s target of cutting emissions by at least 50 per cent by 2050 from 2008.  The centre is also a site for collaboration with...

LR and Methanol Institute launch guidance on methanol bunkering
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LR and Methanol Institute launch guidance on methanol bunkering

As stakeholders across the maritime industry assess future fuel options in support of the International Maritime Organization’s 2030 and 2050 greenhouse gas reduction ambitions, Lloyd’s Register (LR) and the Methanol Institute (MI) have produced a Bunkering Technical Reference on Methanol, which is among the future fuels receiving close attention. The new guidance outlines the procedures...

Charting sustainable futures through maritime electrification
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Charting sustainable futures through maritime electrification

In 2019, a staggering 43 billion tons of carbon dioxide (CO2) generated from human activity was emitted into the Earth’s atmosphere, an estimated 20 per cent of which resulted from transportation.  Often overlooked in discussions of climate change is the impact of the maritime industry as a significant generator of harmful greenhouse gas emissions.  At...

Newport Shipping on target for IMO 2050
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Newport Shipping on target for IMO 2050

Newport Shipping is offering a full range of services for LNG conversions for clients to meet the challenge of achieving the IMO 2050 decarbonisation goals. The International Maritime Organization’s (IMO) 2050 targets, through its marine pollution protocol (MARPOL), is seeking to cut emissions to zero by 2050. This target has been adopted by member states...

“K” Line launches revised Environmental Vision for 2050
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“K” Line launches revised Environmental Vision for 2050

Kawasaki Kisen Kaisha (“K” Line) has revised its Environmental Vision 2050 – Blue Seas for the Future report to strengthen its initiatives towards the reduction of global greenhouse gas (GHG) emissions. The “K” Line Environmental Vision 2050 was launched in 2015, setting forth long-term goals to reduce emissions and increase research into advanced technology. “K”...

Climate Bonds publishes draft shipping criteria
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Climate Bonds publishes draft shipping criteria

The Climate Bonds Initiative has published the draft Shipping Criteria, a new science-based assessment process on the low carbon and climate resilient credentials of ships. The Criteria has been developed by a Technical Working Group (TWG) and overseen by an Industry Working Group (IWG) and has now been opened for public consultation period till 26th June...

Fuels of the future
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Fuels of the future

An infographic published by classification society Bureau Veritas (BV) shows the various future fuels that could help the shipping industry to decarbonise in line with the International Maritime Organization’s (IMO’s) 2050 target. The IMO has set an ambitious target of cutting greenhouse gas (GHG) emissions by at least 50 per cent by 2050 from 2008...