Fortescue, with the support from the Maritime and Port Authority of Singapore (MPA) government agencies, research institutes, and industry partners, has successfully conducted the world’s first use of ammonia, in combination with diesel in the combustion process, as a marine fuel onboard the Singapore-flagged ammonia-powered vessel, the Fortescue Green Pioneer, in the Port of Singapore.
Topic: SHIPPING
Shipping starts important negotiations on the road to climate goals
A proposal from Norway and others is causing concern in several camps ahead of this week’s meeting of the IMO’s climate committee.
MEPC 81 likely to advance marine deecarbonisation agenda
The Marine Environment Protection Committee 81st session (MEPC 81) is expected to clarify steps to hit net zero targets for the sector, market participants at the Asia Pacific Maritime 2024 conference in Singapore said.
Maersk CEO Oshares three imperatives for shipping decarbonization to succeed
Ahead of the key global event that will decide the pace of shipping’s decarbonization, Vincent Clerc, CEO of Danish shipping and logistics giant A.P. Moller – Maersk, has highlighted three imperatives that will be crucial if the maritime industry wants to meet ambitious emission reduction targets.
Can shipping hit IMO decarbonisation checkpoints?
Support for the IMO’s decarbonisation checkpoints and ambitions at 2030, 2040, and 2050 was unanimous at CMA Shipping 2024, but attendees were divided on whether the shipping industry could hit its marks.
UBS’s Credit Suisse Takeover Came With a CO2 Headache
Among the many headaches UBS Group AG inherited when it swallowed its crosstown rival was one tied to Credit Suisse’s multibillion-dollar shipping portfolio.
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.
Decarbonisation storm hits global shipping
Sea trade is under massive pressure to change as the global population of 61,000 ships collectively weighing in at over 2.1 billion tons deadweight is responsible for over 3% of current CO2 emissions and still rising.
Hong Kong’s Marine Department to offer decarbonization incentive to HK registered ships
As announced in the budget speech delivered by Financial Secretary Paul Chan on 28 February, the Marine Department will this year and through to 2026, will offer cash incentives to registered ships based upon their carbon intensity performance.
ESG Economist – LNG is not the holy grail for shipping
In the aim of limiting global warming to 1.5 degrees, the shipping industry has an important role to play.