GHG Emission Archives - Maritime Shipping News

ABS Report Delves Into Evolving Maritime Industry Regulations

6 November 2023

ABS, a leading authority in marine and offshore classification, has released a comprehensive report shedding light on the intricate regulatory landscape of the maritime industry.

This report presents a summary of the latest global regulatory developments, their implications, and the ongoing efforts of regulatory bodies to unify and enhance regulations for the maritime sector, says an article published news cision website.

Key Highlights From The ABS Report

Global Focus on Carbon Reduction: The...

https://mfame.guru/abs-report-delves-into-evolving-maritime-industry-regulations/

Increased Transparency in Ship Financing by the Banking Sector

15 December 2022

Credit: CHUTTERSNAP/Unsplash

In the third Poseidon Principles Annual Disclosure Report 2022, which was released today, more than two dozen foreign banks have disclosed emissions data regarding their ship finance portfolios. The report illustrates the challenging path to emissions reduction. The COVID-19 model continues to affect the data, as reported by Poseidon Principles.

Global framework

Out of the 28 financial institutions reporting their emissions data this year, seven banks are aligned with...

https://mfame.guru/increased-transparency-in-ship-financing-by-the-banking-sector/

Can Bio-LNG Reduce Carbon Emissions?

23 November 2022

In the decades to come, bio-LNG, when used as a drop-in fuel with fossil LNG, can meet a sizable portion of shipping’s energy needs while cutting GHG emissions as reported by Riviera.

Decarbonization analysis

According to a recent study, bio LNG might greatly speed up the decarbonization of shipping if it were used as a drop-in fuel and combined with its fossil-based cousin in 2030 and 2050.

The findings in the study, “The role of bioLNG in shipping industry decarbonisation”, which are based on...

https://mfame.guru/can-bio-lng-reduce-carbon-emissions/

MOL Establishes EcoMOL Inc. In The Philippines Sailing Towards De-Carbonized Future

22 June 2022

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President: Takeshi Hashimoto) today announced the establishment of a wholly owned subsidiary called EcoMOL Inc. (EcoMOL; Representative: Keiichiro Yokohashi; Headquarters: Manila, Philippines), which tackles immediate GHG emission reduction by ships’ operational efficiency through digital solutions.

MOL has set a target to improve 5 % fuel-efficiency by end of 2024, it is in line with “MOL Group Environmental Vision 2.1(note1)”. In the short term plan,...

https://www.marineinsight.com/shipping-news/mol-establishes-ecomol-inc-in-the-philippines-sailing-towards-de-carbonized-future/

GHG Working Group Finalizes Carbon Intensity Measures Guidance

24 May 2022

Chimneys of a cargo ship against clean sky

GHG Working Group finalizes guidelines to support the implementation of carbon intensity measures and agrees to further develop a “basket of candidate mid-term measures” including technical and carbon-pricing elements. Draft guidelines to support the implementation of ship carbon intensity measures coming into effect in 2023 have been finalized by an International Maritime Organization (IMO) Working Group.

The 12th session of the Intersessional Working Group on Reduction of GHG Emissions from...

https://www.marineinsight.com/shipping-news/ghg-working-group-finalizes-carbon-intensity-measures-guidance/

ABS Supports McAllister’s Decarbonization With GHG Inventory And Sustainability Reporting

29 April 2022

ABS is supporting McAllister on its sustainability journey with greenhouse gas inventory and sustainability reporting services for its fleet of more than 75 tugboats, crew boats and barges. ABS specialists worked with McAllister’s team to calculate its operational carbon intensity and benchmark the performance of its fleet, leading up to an Environmental, Societal and Governance (ESG) report.

The team helped McAllister establish a transparent governance and stakeholder engagement strategy,...

https://www.marineinsight.com/shipping-news/abs-supports-mcallisters-decarbonization-with-ghg-inventory-and-sustainability-reporting/

Bringing Maritime GHG Reduction Stakeholders Together – IMO CARES

7 April 2022

The preparatory phase of the IMO Coordinated Actions to Reduce Emissions from Shipping (IMO CARES) project has been launched at the IMO-Singapore Future of Shipping Conference. The foundation project of the IMO Coordinated Actions to Reduce Emissions from Shipping (IMO CARES) project, which aims to bring stakeholders together from the global north and global south, was launched today (6 April) at the IMO-Singapore Future of Shipping Conference.

IMO CARES is expected to be a long-term programme....

https://www.marineinsight.com/shipping-news/bringing-maritime-ghg-reduction-stakeholders-together-imo-cares/

Progress On Life Cycle GHG Emissions Guidelines And Impact Assessment

21 March 2022

Aerial side view of smart cargo ship carrying container from custom container depot go to ocean concept freight shipping by ship service on blue sky background.

Progress on developing draft lifecycle GHG and carbon intensity guidelines for marine fuels and assessment of impacts of GHG measures has been made by an IMO working group. The session, held remotely, was attended by more than 430 participants from some 70 Member States, as well as from NGOS in consultative status with IMO.

The Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 11), which met 14-18 March, also considered proposals on how to keep the impacts of the...

https://www.marineinsight.com/shipping-news/progress-on-life-cycle-ghg-emissions-guidelines-and-impact-assessment/

NYK, MTI, ABS, And WinGD Begin Research On Battery-Hybrid System To Reduce GHG From Ships

2 December 2021

NYK Begins Research on Battery-Hybrid System to Reduce GHG from Ships

NYK and NYK Group company MTI Co., Ltd. (“MTI”), together with the American Bureau of Shipping (“ABS”) and Winterthur Gas & Diesel Ltd. (“WinGD”), have started joint research for optimization of ship design by utilizing a battery-hybrid system to aid ship propulsion and thus reduce GHG (greenhouse gas) emissions from vessels.

A vessel’s main-engine revolutions may increase significantly when a vessel tries to maintain its sailing speed during strong waves and winds. This phenomenon is called...

https://www.marineinsight.com/shipping-news/nyk-mti-abs-and-wingd-begin-research-on-battery-hybrid-system-to-reduce-ghg-from-ships/

IMO: Midterm-Measures For GHG Reduction From Ships Considered

27 October 2021

Various proposals for mid-term measures to reduce GHG emissions, including a number of submissions related to potential market-based measures, have been submitted and considered by an International Maritime Organization (IMO) working group. The session, held remotely, was attended by more than 350 participants from some 70 Member States, as well as from NGOS in consultative status with IMO.

The Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 10), which met 18-22...

https://www.marineinsight.com/shipping-news/imo-midterm-measures-for-ghg-reduction-from-ships-considered/

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