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.
Topic: SHIPPING
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.
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.
E-diesel in the shipping sector: Prospects and challenges
E-fuels, in particular e-diesel, will have to play a key role in replacing fossil fuels in shipping and thus promote climate change mitigation in this sector.
Used cooking oil and lamb fat contribute to marine alt-fuel blend
Scientists at Aston University in Birmingham, UK believe they may have produced a viable alternative to traditional marine bunker fuels, care of a blend of leftover cooking oil, lamb fat and agricultural waste.
Three rival camps pitch up at key IMO decarbonisation meeting
All eyes turn to a trio of ideas as the Marine Environment Protection Committee meets in London.
Fossil fuel majors miss the mark on climate targets
Nearly a decade after the Paris Agreement, the world’s biggest oil and gas companies, including BP and Saudi Aramco, are far from meeting the 1.5°C global warming limit. And they’re making plans to expand.