A high carbon price in the form of a levy can have significant medium-term costs but stabilises as technology advances and redistribution of revenues offset the economic impacts, versus a fuel standard which minimises costs in the short-term but leads to increased costs in the long run.
Topic: SHIPPING
Positivity on increasing orders for alternative-fuelled ships
A significant surge in orders for alternative-fuelled vessels in 2024 is a clear signal of the maritime industry’s acceleration of its decarbonisation journey, according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform.
Fueling the future: Where we stand with alternatives
The decarbonization of shipping, driven by international and regional emissions regulations, has led to the development and adoption of alternative fuels in the industry.
How wind tech could help decarbonize cargo shipping
Wind is an underutilized resource that has the potential to steer the notoriously dirty shipping industry toward a greener future.
Alternative-fuelled ship orders grow 50% in 2024
Six hundred vessels ordered over the past year will help drive the maritime industry towards its decarbonisation targets.
LNG powers unprecedented year for orders of alternative-fuelled vessels
According to the latest data from DNV’s Alternative Fuels Insights (AFI) platform the maritime industry’s exceptional newbuilding year 2024 drove a significant rise in orders for alternative-fuelled vessels.
Japan eyes methanol as marine bridging fuel
Japanese demand for methanol as an alternative marine fuel is expected to increase, especially after 2027, but it is likely it will mainly be used as a transition fuel before the commercial launch of ammonia- and hydrogen-fuelled vessels.
Hong Kong’s green maritime fuel centre update as city prepares for first LNG bunkering
Ahead of Hong Kong’s first official LNG bunkering operation scheduled for tomorrow (14 February), Secretary for Transport and Logistics Mable Chan briefed lawmakers on developments since the promulgation of the Action Plan on Green Maritime Fuel Bunkering in November 2024.
Can maritime hydrogen overcome the headwinds?
Maritime shipping is both vital to the global economy, facilitating 80% of trade and enabling trillions of dollars in annual economic activity and responsible for more than 700 million tonnes (Mt) of carbon dioxide (CO₂) a year. Alternative energy sources—such as hydrogen—are gaining notice and the International Maritime Organization (IMO) has committed to achieving net-zero by 2050.
MV Iana delivered: Fuel efficient, future-proof and ready to go
The Netherlands-based Thecla Bodewes Shipyards has rolled the red carpet for MV Iana, the 5,050 dwt diesel-electric multipurpose vessel constructed for compatriot short-sea shipping company Transtal Shipping.