The global shipping industry carries 80% to 90% of global trade, yet the industry has not yet begun to decarbonize in any meaningful way.
Topic: TECHNOLOGY
Carbon capture set to provide shipping with zero-carbon pathway and cargoes
It was not very long ago that the mention of carbon capture on board ships was met with raised eyebrows and polite incredulity.
Shipping is sizing up energy transition opportunities
After a year in which decarbonisation regulations were agreed to be sharpened at both IMO and EU level, the maritime industry advanced significantly towards meeting its long-range emissions targets in 2023, according to LR’s analysis of vessel ordering, technology and fuel developments.
LNG – Leading Maritime Decarbonisation
This year’s View from the Bridge 2023-2024 highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2023 and outlines the progress anticipated in 2024.
Singapore’s marine biofuel demand could double by 2025: TotalEnergies executive
Marine biofuel demand at the world’s largest bunker hub Singapore could potentially double by 2025 to almost 1 million metric tonnes from 2023 levels as shippers seek to cut emissions, a senior TotalEnergies executive said.
Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead.
Clarksons’ data shows that the largest share of alternative-fuelled orders in 2023 was still LNG dual fuel, albeit with an increase to 125 orders of methanol dual fuel vessels in 2023.
China: DNV, SDST launch Joint Innovation Studio to explore maritime decarbonisation and digitalisation
Classification society DNV and Shandong Shipping Tanker Co., Ltd (SDST) on Monday (18 December) announced the launch of a new Joint Innovation Studio at the recent Marintec China trade fair to explore, develop and promote maritime projects in the digital and sustainability space.
Market Perspectives: Marine Fuel Market is in Transition and so are Alternative Fuels
Shipping’s choice of alternative bunker fuel will be framed by a host of factors but led by price and, on current showing, it seems that both liquefied natural gas and oil-derived fuels should stay in the running for the foreseeable future, according to energy transition analyst Rhidoy Rashid.
Carbon capture becomes focus for divisions at climate conference
Carbon capturee and storage has emerged as flashpoint at the UN climate conference in Dubai about how big a role it is destined to
play in reaching the target of net zero emissions.
Shipping sector lands deal for supply of 11 million tons of green fuel
Companies such as Bunker Holding, Trafigura and MAN have signed the agreement, committing them to work towards a large-scale production of green fuel.