We welcome the overwhelming, majority support for a universal GHG levy on international shipping, which emerged at the International Maritime Organization (IMO) negotiations in London on 11-15 March (ISWG-GHG-16) and 18-22 March (MEPC82). We particularly applaud the efforts of the growing Pacific Coalition (Fiji, Kiribati, Marshall Islands, Nauru, Solomon Islands, Tonga, Tuvalu, and Vanuatu), ‘6PAC+’, and Belize, as well our fellow islanders across the Caribbean for their leadership and support in these crucial negotiations. In July 2023, the International Maritime Organization (IMO) adopted a Revised Climate Strategy to phase out ...

The Norwegian Directorate for Civil Protection gave their approval to the construction of the planned ammonia bunkering facility at Fjord Base in Florø, Norway. The permit marks a significant milestone for enabling ammonia as a safe and low emission alternative to traditional shipping fuels. Ammonia is widely recognized as a low-emissions shipping fuel. Even though interest in ammonia as a decarbonized shipping fuel is high, the final leg of the journey, from the production plant to the vessel, has been missing. Now Yara Clean Ammonia, Azane and Fjord Base have ...

Eni, a global energy company, Fincantieri, one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors, and RINA, a multinational inspection, certification, and engineering consultancy, have signed an agreement to develop joint initiatives for the energy transition. The partnership formalises the commitment to develop joint projects, in line with the partners’ strategies, to decarbonise the maritime sector in the medium to long term with the goal of Net Zero by 2050. Additionally, the establishment of a permanent global observatory regarding future technological, regulatory, ...

Shipping industry regulations are about to get more complex in the EU region, with the introduction of FuelEU legislation. In its latest weekly report, shipbroker Gibson said that “with the shipping markets still getting used to the Emissions trading scheme (ETS), the next major piece of EU legislation is on the horizon. FuelEU serves as a critical piece within the intricate puzzle of the Fit for 55 regulations. While the Renewable Energy Directive (RED) and Alternative Fuels Infrastructure (AFIR) focus on creating a new sustainable fuel landscape in the EU ...

As this week’s meeting of the International Maritime Organization’s Marine Environment Protection Committee (MEPC 81, March 18-22) winds down, the Clean Shipping Coalition welcomed the growing support for a greenhouse gas (GHG) emissions levy, but warned that IMO member states must also maintain focus on other key issues such as the global fuel standard (GFS) and the improvement of how energy is used in ships via the carbon intensity indicator (CII). “MEPC81 reaffirmed to us that countries clearly back a GHG emissions levy rather than weaker alternatives, which sends a ...

We welcome the progress made during these intensive negotiations to achieve net zero emissions from shipping, and the support received from around 60 Member States for a flat rate contribution system per tonne of GHG. The purpose of the proposed system, put forward by the International Chamber of Shipping (ICS), is to reduce the cost gap and incentivise the accelerated uptake of green marine fuels, as well as providing billions of dollars to support the maritime GHG reduction efforts of developing countries. We have gained a better understanding of the ...

JX Nippon Oil & Gas Exploration Corporation (JX), Nippon Yusen Kabushiki Kaisha (NYK) and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) signed a memorandum of understanding (MoU) on March 15 to jointly study the optimization of carbon dioxide (CO2) liquefaction and storage processes using KNCC’s proprietary technology Cargo Tank Cylinders (CTC). This study aims to optimize the CO2 transportation system using CTC by utilizing the characteristics of the EP (elevated pressure) method, which stores and transports liquefied CO₂ at higher temperatures and pressures than the LP (low pressure) and ...

Electrofuels leader Infinium is now successfully operating the world’s first commercial scale facility making drop-in ready electrofuels (eFuels) in Corpus Christi, Texas. The project, known as Project Pathfinder, is a continuously operating plant producing synthetic, ultra-low carbon eFuels that can be used in today’s heavy transportation applications and chemical processes. “Project Pathfinder would not have achieved this milestone without the incredibly talented team we brought together to pioneer commercial eFuels production, logistics and product delivery programs, none of which have existed before,” said Robert Schuetzle, CEO at Infinium. “As both ...

Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within the CCS value chain featuring key insights from energy company Equinor and Athens-based shipowner and mid-stream service company ECOLOG. The International Energy Agency (IEA) estimates in its Net-Zero Roadmap that to achieve the 1.5°C global warming limit set by the Paris Agreement, we need to capture 7.6 billion tons of CO2 annually by 2050. ...

Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched today by technology group Wärtsilä. The report, titled ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’, reveals that the EU Emissions Trading Scheme (ETS) and FuelEU Maritime Initiative (FEUM)[i] will see the cost of using fossil fuels more than double by 2030.[ii] By 2035, they will close the price gap between ...

Environmental NGO Opportunity Green has submitted a written statement to the International Court of Justice (ICJ), asking the court to confirm that States have legal obligations under international law to tackle climate impacts from international aviation and shipping (IAS) in accordance with the Paris Agreement’s 1.5°C temperature goal. Aviation and shipping sectors contribute to nearly 5% of global greenhouse gas emissions. Emissions from international aviation and shipping (IAS) make up for more than half of that number. Yet, most States do not currently account for the emissions from IAS in ...

Stena Provident, one of six state-of-the-art methanol fuelled IMOIIMeMAX ships commissioned through the partnership between Proman and Stena Bulk, completed the first ever methanol bunkering at the Port of Savannah, in Georgia, US on 29th February 2024. The vessel, which is time-chartered by Bahri Chemicals, successfully loaded almost 1000 MT of methanol at Colonial Terminals’ Lathrop 2 facility, in an historic first for the port. The landmark represents another step forward for methanol as a marine fuel. 2023 saw a record number of orders for methanol-fuelled vessels, as its benefits as a cleaner ...

zero44, provider of digital CO2 management solutions, has today released its “FuelEU Maritime Calculator”. zero44 has developed this tool to enable shipping companies to quickly and easily understand the financial impact that the planned FuelEU Maritime regulation will have on their business. The results are estimates and not binding, but provide a good initial basis for dealing with the costs and cost factors of FuelEU Maritime. While the majority of shipping companies are still working on becoming EU ETS compliant, the next comprehensive legislation to decarbonise shipping is already on ...

Bristol-based maritime engineering start-up WingTek, in collaboration with the National Composites Centre and the University of Bristol, has won a £2.2m innovation grant. Awarded under the UK Department for Transport Clean Maritime Demonstration Competition, the funding from Innovate UK is to develop further the WingTek Wingsail, a unique Wind Auxiliary Propulsion (WAP) system designed to be retrofitted easily to existing commercial vessels. Wind Auxiliary Propulsion is a technology that complements existing ship propulsion systems; primarily the marine diesel engines burning fossil fuels which power vessels of all types across the ...

Candela, the leading maker of sustainable, electric hydrofoil vessels, today announced it has closed the largest funding round in the company’s history, to expand production of its game-changing P-12 ferry. A key partner in the 24.5 million EUR round is Groupe Beneteau — the largest global boat maker. Globally, waterborne transport emits 3% of global GHG emissions. Still, electrification has been slow to take off across leisure and commercial vessels, due to conventional ships and boats being inefficient at high speed. Candela’s innovative, computer-stabilized hydrofoil craft have disrupted the marine ...