LNG shipping giants continue to ramp up vessel orders despite stranded asset risks, potential decades of carbon lock-in, and a mounting emissions toll
Keyword: GHG Emissions
LNG shipping capacity growth risks climate and financial failure, warns report
Massive over-ordering of LNG carriers is endangering climate goals while the excess of capacity could lead to stranded assets for operators as demand for the fossil fuel wanes, according to a new report.
Pricing carbon: Developments and hurdles
Carbon pricing mechanisms are gaining traction, but a global deal remains elusive.
Climate-driven changes to ocean colour fuel urgency ahead of UN summit
The colour of the world’s oceans is changing – a visible sign of climate disruption that scientists say could have wide-ranging consequences for marine life. The shift comes as world leaders prepare to meet in Nice next month for a major United Nations summit on ocean conservation.
Dutch students launch hydrogen boat to ‘inspire shipping industry’
Dutch scientists on Wednesday unveiled a boat powered by liquid hydrogen that they hope will offer lessons to the shipping industry as it eyes new fuel sources to reduce its significant greenhouse gas emissions.
A historic course correction: How the world’s shipping sector is setting sail for net zero
Long overlooked as a major contributor to global greenhouse gas emissions, the shipping industry is now at the forefront of a unique display of international cooperation. The shift signals that even the world’s largest transport sector can be steered toward climate accountability.
Class societies prepare for marine ammonia fuel: safe operations, crew training, and risk management
ClassNK’s new Guidelines for Safety Operation for Ammonia-Fueled Vessels cover aspects for the daily operation of ammonia-fueled vessels, including accident response measures, PPE requirements, how to define hazardous areas, and bunker transfer processes.
Are electric motors the future of shipping?
Around the world, ships are increasingly turning to electric battery-powered motors as a way to reduce toxic, planet-heating emissions. But when it comes to crossing the oceans, it’s not so easy.
Roundup: Hong Kong holds shipping seminar to pool wisdom, join efforts toward net zero
Hosted by the Hong Kong Shipowners Association (HKSOA), the seminar gathered more than 200 shipowners, shipping industry experts, and practitioners from home and abroad to discuss strategies for decarbonizing the shipping industry and promoting sustainable development.
IMO mid-term measures: expert guidance required following MEPC 83
LR experts unpack the draft IMO Net-Zero Framework post-MEPC 83 and highlight why strategic, early action is essential for long-term competitiveness and compliance.