Market Perspectives: Marine Fuel Market is in Transition and so are Alternative Fuels

Shipping’s choice of alternative bunker fuel will be framed by a host of factors but led by price and, on current showing, it seems that both liquefied natural gas and oil-derived fuels should stay in the running for the foreseeable future, according to energy transition analyst Rhidoy Rashid.

The Poseidon Principles 2023 Annual Disclosure Report sets a new standard for climate reporting

Amidst a pivotal year for the maritime industry, marked by the International Maritime Organization (IMO) revised greenhouse gas emissions strategy, the Poseidon Principles have emerged as a driving force for change.

Shipping lines urge IMO to accelerate regulations for green fuel transition

Major global shipping lines have urged the International Maritime Organisation (IMO) to create regulatory conditions for accelerating the transition to green fuels

Shipping will ‘get thre by 2050’ industry heavyweights tell Lloyd’s List Outlook Forum

Shipping will manage to meet the International Maritime
Organization’s goal of net-zero emissions sometime around the mid-century, an industry audience was told in London this morning.

2023/07 – Guidance for the safe carriage of battery powered vehiles on ships

This marine notice advises ship operators and owners of the hazards of transporting battery-powered electric vehicles (BEVs).

Largest industry gathering at COP28 set out plans to deliver a net zero future

Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, a course was set to deliver on the International Maritime Organization’s net zero strategy.

Norway’s chief IMO negotiator finds new ways to motivate owners to decarbonise

Mr Oftedal, the chief negotiator for green shipping in Norway’s Department of Marine Management and Pollution Control, who is well-known as an active architect of decarbonisation regulation within the IMO’s Marine Environment Protection Committee, said shipping will be encouraged to cut GHG emissions using both regulation and incentives to
attract investment in decarbonisation technologies.

The price just went up: Major flag state raises stakes in shipping levy battle

One of the world’s largest flag states has sharply increased its demands over a shipping carbon levy as it faces becoming a registry without a home because of climate catastrophe, a senior official tells TradeWinds.

Plans for new levy on shipping industry to support net-zero goals

Decarbonising the shipping industry is a goal of climate talks at Cop28, with leaders meeting to discuss the urgency of cutting emissions.