Japanese shipowner Mitsui OSK Lines (MOL) has joined forces with fellow trading house Marubeni in the carbon removal credit business. The duo has established a joint venture company called Marubeni MOL Forests to create, purchase, sell, and retire nature-based carbon removal credits. The new...
https://splash247.com/mol-and-marubeni-plant-seed-for-carbon-credits-jv/
In partnership with ferry operator Catalina Express and whale watching boat operator Harbor Breeze Cruises, the Port of Los Angeles will soon begin emission-reduction technology demonstration projects for specialized harbor craft, thanks to a $31 million grant awarded by the California Air Resources Board (CARB). The project will involve testing and evaluation of two different harbor craft emission-reduction technologies, and a comprehensive evaluation of next-generation, less-polluting harbor...
Danish towage operator Svitzer is adding another battery-powered newbuild to its fleet. The Copenhagen-based group with more than 450 vessels has contracted the Turkish Sanmar Shipyard to build the unit for delivery in the second half of 2025. The electric tug, based on the design of naval...
https://splash247.com/svitzer-books-another-battery-powered-newbuild/
Italian shipyard group Fincantieri has teamed with compatriot utility firm Hera Group to form CircularYard, a joint venture aimed at developing an integrated waste management system in Fincantieri’s eight Italian shipyards with an approach rooted in the circular economy. The partners plan to...
Israeli billionaire Idan Ofer has become the latest backer of UK-based green fueltech specialist SulNOx. Ofer-controlled Singapore-based owner Eastern Pacific Shipping (EPS) has signed up to use SulNOx fuel conditioner onboard at least 30 of its vessels for a minimum of 18 months, while his EPS...
https://splash247.com/idan-ofer-backs-green-fueltech-specialist-sulnox/
A coalition of 47 governments and the shipping industry is proposing a groundbreaking greenhouse gas (GHG) emissions pricing mechanism for international shipping, marking a potentially landmark development for maritime decarbonization….
https://gcaptain.com/47-nations-and-shipping-industry-back-bold-imo-carbon-pricing-proposal/
By as early as 2027, ship operators could face an IMO-imposed charge per tonne of CO2 emitted. The International Chamber of Shipping (ICS) has released the text of a proposal that has been submitted to an IMO working group. Supported by the ICS and 47 governments, it calls for an annual contribution by ships, per tonne of GHG emitted, to multi-billion-dollar International Maritime Organization (IMO) fund.
According to the ICS, “If fit-for-purpose regulations are approved by IMO Member States in...
https://www.marinelog.com/legal/environment/new-push-for-imo-levy-on-ghg-emissions/
Japan’s largest shipowner Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with the producer of green chemicals and gases Madoqua Renewables. This green corridor project aims to establish a shipping route...
https://splash247.com/mol-to-develop-green-corridor-linking-portugal-and-northern-europe/
A levy on greenhouse gas emissions could be one of the single largest shipping news items of the year with a growing coalition now aiming to force this much-discussed environmental measure through when member states gather at the International Maritime Organization (IMO) in April for the 83rd...
https://splash247.com/coalition-grows-to-launch-ghg-levy-on-shipping/
Finnish-headquartered renewable fuels producer Neste has made the first delivery of its MY Renewable Diesel to the marine sector in Singapore. The delivery was made in cooperation with KPI Ocean Connect, with operational delivery in Singapore waters being carried in partnership with Global Energy.
Neste says that its MY Renewable Diesel is a solution for reducing greenhouse gas (GHG) emissions in multiple sectors powered by diesel engines, such as in heavy transportation, mining and in...
https://www.marinelog.com/news/neste-makes-singapores-first-marine-sector-renewable-diesel-delivery/