“K” LINE has Joined an International Think Tank “Global CCS Institute”
～Promoting the development of CCS-related businesses to realize a carbon-neutral society～
CCS is a series of technologies for capturing carbon dioxide (CO2)...
Environment
D’Amico plans fleet-wide biofuel rollout
Following the successful trial on one of its LR1 product tankers, d’Amico, one of the top names in Italian shipping, is looking at rolling out the use of biofuel across its fleet. The biofuel blend B30 used in the test was supplied by Trafigura maritime fuel supply and procurement joint venture...
https://splash247.com/damico-plans-fleet-wide-biofuel-rollout/
ECB faces tightening quandary; how climate risks affect bank lending
ECB faces tightening quandary; how climate risks affect bank lending
Wednesday 2 February 2022 – Vol.13 Ed.5.3
Commentary: ECB must tighten now to avoid sharper correction later
By Jürgen Stark in Frankfurt
Independent central bankers are not known for taking undue risks. But what happens when they misjudge sharply rising inflation rates and fail to live up to their mandate? The core mandate of the European Central Bank is to ensure a stable price level. However, the governing council has neglected...
Open data is the only way to the common good
Mikko Heikkilä, who sails as a master and is doing research towards a PhD in atmospheric sciences, applauds Maersk’s recent decision to make all its weather observations public. Now if only shipping could do likewise on emissions reporting. Unfortunately, our seafaring tradition is to hide what you...
https://splash247.com/open-data-is-the-only-way-to-the-common-good/
Fisheries Canada finds Equinor’s environmental impact statement for Newfoundland project unreliable for decision making
The Department of Fisheries and Oceans Canada (DFO) issued last week its review of Equinor’s Bay du Nord development project environmental impact statement (EIS). Equinor Canada Ltd. and its partner Husky Oil Operations Limited are proposing to develop the Bay du Nord field offshore eastern...
Fishing coalition files suit against US Interior Department over Vineyard Wind 1 offshore project approval
The Responsible Offshore Development Alliance (RODA), a coalition of US fishing industry associations and fishing companies, is challenging the Interior Department’s approval of the Vineyard Wind 1 offshore wind energy project to be constructed on a 65,000-acre tract in federal waters south of...
Coal carrier will be first ship with new hard sail system
A coal carrier serving Japan’s Tohoku Electric Power Co. is to be fitted with a hard sail system jointly developed by Mitsui O.S.K. Lines Ltd. (MOL) and the Oshima Shipbuilding Co. under their “Wind Challenger” project, which got started in 2009.
MOL says the additional propulsion power from wind can reduce a vessel’s greenhouse gas (GHG) emissions by an estimated 5% to 8% compared to conventional ships of the same class.
As was just underscored by Eastern Pacific’s implementation of its “No Coal...
https://www.marinelog.com/technology/coal-carrier-will-be-first-ship-with-new-hard-sail-system/
Mitsubishi Shipbuilding sets up dedicated decarbonisation development group
Japan’s Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI), has established a new marine decarbonisation business development group in response to the energy transition of the shipping sector. The new organisation will utilise the technologies accumulated by MHI over its long...
https://splash247.com/mitsubishi-shipbuilding-sets-up-dedicated-decarbonisation-development-group/
Draghi puts presidency plans on hold; we need a World Climate Organisation
Draghi puts presidency plans on hold; we need a World Climate Organisation
Tuesday 1 February 2022 Vol.13 Ed.5.2
Commentary: Draghi remains prime minister, but change is coming
By Holger Schmieding in London
Italy has decided: Sergio Mattarella stays on as president, Mario Draghi remains prime minister. Mattarella, at 80, had not sought a second term and only agreed to continue after the electoral college failed to find a majority for any other candidate. Draghi, 74, has had to postpone his...
Case made for nuclear-powered floating ammonia production facility
UK-based developer of advanced atomic power solutions for shipping, Core Power, has released a special report describing plans to use floating offshore production platforms for mass-production of zero-carbon ammonia using nuclear technologies. The proposed facility is an offshore floating power...
https://splash247.com/case-made-for-nuclear-powered-floating-ammonia-production-facility/