At the COP28 climate change conference in Dubai, pledges have been made in three key areas – by many countries on renewables and energy efficiency, and by a significant number of companies on methane.
Fuel/Energy Type: Methanol
First movers key to shipping decarbonisation
Being a first mover in the shipping industry decarbonisation race could help companies manage their costs more effectively, while progressing net zero targets, delegates at the Motorship’s 44th propulsion and future fuels conference in Hamburg heard this week.
Yara invests in CCS in Sluiskil and signs binding CO2 transport and storage agreement with Northern Lights – the world’s first cross-border CCS-agreement in operation
Yara International, a leading global ammonia player, and Northern Lights, a CO2 transport and storage supplier, sign a binding commercial agreement, enabling the first cross-border transportation and storage of CO2
South Korea to pump $545M into next-gen shipbuilding tech, carbon-free fuels
South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has revealed its plans to invest KRW 710 billion ($545 million) into
next-generation shipbuilding technology and carbon-free fuels.
Greek owner to sell all container ships, spend $3B on LNG tankers
There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments?
Wärtsilä collaborates with leading naval engineeringn firm to reduce port emissions across North America
Technology group Wärtsilä has entered into a collaboration agreement with Seattle, USA based naval architecture and marine engineering firm, Elliott Bay Design Group (EBDG), to further develop EBDG’s Clean Harbor Alternative Mobile Power (CHAMP) Barge design.
Retrofitting passenger ships with methanol is less attractive option, report finds
A full methanol retrofit for passenger ships is a less commercially attractive prospect than the use of blended fuels (Blend B30), heavy fuel oil (HFO), and heavy fuel oil equipped with onboard carbon capture and storage technology (oCCS), a new report from classification society Lloyd’s Register has found.
Fuel for though: Methanol for Passenger ships
This report explores the various aspects that encompass the readiness and potential benefits of methanol as a marine fuel for the Passenger ship industry, including Cruise ships, Ferries, RORO and RoPax vessels.