Fuel/Energy Type: All

Whilst the spotlight within the maritime industry is increasingly focussed on the multiple future fuel pathways that will power the shipping industry towards its decarbonisation targets towards 2050, there is also the reality that currently over 99% of the world’s shipping fleet is using conventional fuels.

The Maritime and Port Authority of Singapore (MPA) and the International Renewable Energy Agency (IRENA) have formalised their collaboration through a memorandum of understanding (MoU) aimed at accelerating the energy transition of global maritime and port sectors.

Several maritime and alternative fuels projects are among initiatives that have been awarded the Strategic Technology Platform for Europe (STEP) label in a new initiative of the European Commission to boost investment in critical technologies in Europe and support the local industry.

ontinued growth of climate transparency from financial institutions show that the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonisation trajectories set by the International Maritime Organization (IMO), aiming to remove emissions from international shipping by 2050.

Russell Edson, partner and patent attorney and Tim Wilson, trainee patent attorney at Withers & Rogers, explain how hybrid propulsioncan contribute to greener shipping.

Member states increasingly support an economic measure to incentivize emissions reductions from the shipping sector.

The global shipping industry is not on track to meet its target of having zero-emission fuels account for 5% of all fuels by 2030.

Pacific nations are preparing for a pivotal week of negotiations in London on how to cut planet-warming greenhouse gas emissions in the global shipping industry.

The IMO is expected to advance negotiations on what could be the world’s first universal carbon price (e.g. a levy) on a global polluter.