Fuel/Energy Type: All

T&E reaction to EU Clean Industrial Deal, Action Plan for Affordable Energy, and Omnibus proposal.

Up to US$2Tn of investment is needed to enable marine fuel producers to manufacture enough green fuel for the shipping industry to meet IMO decarbonisation targets by 2050.

The European Commission’s long-awaited Clean Industrial Deal (CID) is about to be released, yet a leaked draft of the strategy has already circulated, leaving many – incluing the shipping sector – with questions on who will pay for the green transition the region should go through.

As the International Maritime Organization (IMO) moves to finalize its revised emissions reduction strategy, the Minister of Marine and Blue Economy, Gboyega Oyetola, has urged African nations to take an active role in shaping global shipping decarbonisation policies.

A pioneering rigid shipping mast has set off on its first journey, harnessing the wind to propel a cargo ship from England to Canada and using less fuel to help reduce emissions.

Failure to scale up suitable quantities of well-priced green fuels has blunted a projected rush to retrofit ships with cleaner engines, a delay that will potentially bring a bottleneck at repair yards further down the line, according to a new study from Lloyd’s Register (LR).

Danish Shipping has launched its recom­men­da­tions following a summit in Copenhagen attended by re­p­re­sen­ta­ti­ves from shipping companies, fuel producers, authorities, the Minister for Industry, Business and Financial Affairs, and others.

Transportation and environmental policy leaders and scholars from California state agencies, the ports of Long Beach, Los Angeles and Shanghai gathered Wednesday to discuss their efforts to decarbonize the maritime industry via development of a Green Shipping Corridor between California and Shanghai.