Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs

Pictured: a conceptual representation of green shipping. Photo credit: Fredrick Filix via Unsplash (Shipping Australia edit).

By Drewry Supply Chain Advisors

The imperative to decarbonise the global shipping industry is clear and present, however, many of the world’s largest importers and exporters are insufficiently informed about the full implications of the forthcoming new emissions regulations and the billions of dollars that will be added to freight costs in the future.

Pressure to...

https://www.shippingaustralia.com.au/drewry-urges-shippers-to-start-planning-for-decarbonisation-in-shipping-warns-of-up-to-14-billion-in-extra-costs/

“K” Line announces completion of a 2nd successful biofuel trial

Photo credit: Solen Feyissa via Unsplash

A second successful biofuel trial has been completed by Japanese shipping major, Kawasaki Kisen Kaisha (“K” Line), and a third is planned.

“K” Line conducted its most recent trial using Goodfuels biofuel on the supramax bulker, Albion Bay, with the cooperation of the JFE Steel Corporation.

The ship completed loading with hot rolled steel coils at the JFE Steel Corporation West Japan Works on 24 July 2022 and navigated to a a discharge port in Pakistan via...

https://www.shippingaustralia.com.au/k-line-announces-completion-of-a-2nd-successful-biofuel-trial/

IMO greenhouse gas working group finalizes carbon intensity measures guidance

Pictured: bubbles of carbon dioxide. Photo credit: Jan Canty via Unsplash.

By the International Maritime Organization

The IMO GHG Working Group has finalized guidelines to support implementation of carbon intensity measures and has agreed to further develop a “basket of candidate mid-term measures” including technical and carbon-pricing elements

Draft guidelines to support implementation of ship carbon intensity measures coming into effect in 2023 have been finalized by an International Maritime...

https://www.shippingaustralia.com.au/imo-greenhouse-gas-working-group-finalizes-carbon-intensity-measures-guidance/