GHG emissions

MOL Expands Financing Base Through Transition Linked Loan

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Mitsui O.S.K. Lines, Ltd. announced that it concluded a “global credit facility agreement” (also known as a “commitment line contract)) (Note 1) through a transition-linked loan with MUFG Bank, Ltd, says an article published on MOL.

Financial instrument designed

This loan is a financial instrument designed to assist companies that are taking action on climate change and are committed to reducing greenhouse gas (GHG) emissions in accordance with a long-term strategy...

https://mfame.guru/mol-expands-financing-base-through-transition-linked-loan/

Big Oil Is Disposing Off Its Harmful Assets, Consequences Say Otherwise

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The company’s green objectives are furthered by Shell’s divestments in Nigeria. Villagers and watchdogs, meanwhile, claim that since the sales, things have gotten worse, as reported by Washington Post.

Oil companies selling their business

Lambert Ogbari expressed confidence that his living circumstances would finally improve when he discovered that the multinational oil company Shell was selling its local business to a Nigerian company. Yet he soon discovered that...

https://mfame.guru/big-oil-is-disposing-off-its-harmful-assets-consequences-say-otherwise/

Historic Net-Zero Voyage Achieved By MOL Tanker

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Canada-based Methanex and Japan’s Mitsui OSK Lines (MOL) reported the history-making, 5,000-nautical mile voyage from Geismar, Louisiana to Antwerp, Belgium was completed by Cajun Sun, says an article published on Riviera.

Methanol dual-fuel

Operated by Waterfront Shipping, a subsidiary of Methanex, and chartered from MOL, Cajun Sun is fitted with a two-stroke, methanol dual-fuel Mitsui-built MAN B&W 7S50 ME-LGI  seven-cylinder engine.

Net-zero emissions voyage

To...

https://mfame.guru/historic-net-zero-voyage-achieved-by-mol-tanker/

5 Green Technologies That Will Transform the Shipping Industry

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Greenhouse gas emissions from shipping make up roughly 2.5% of the world’s total, making the ocean freight sector a heavy contributor to the looming environmental crisis. And, unless something is done, as international trade grows this number is only likely to rise.

With numerous countries around the world bringing in carbon border taxes and other taxes on pollutants, this is becoming a financial issue as well as a social one.

Innovations and new technologies...

https://mfame.guru/5-green-technologies-that-will-transform-the-shipping-industry/

Adoption Of Amendments To MARPOL Annex VI

credit- marine life

The IMO’s Marine Environment Protection Committee, which addresses all environmental issues within the IMO’s remit, held its 79th session, says an article published on clydeco.

Amendments to MARPOL annexes

Among the meeting highlights were the amendments to MARPOL annexes.

Amendments to MARPOL Annex VI were adopted to establish a Mediterranean Emission Control Area (ECA) for sulphur oxides and particulate matter. The requirement will be the same as for other sulphur ECAs,...

https://mfame.guru/adoption-of-amendments-to-marpol-annex-vi/

Hydrogen Fuel-Cell Tech To Replace Aircraft Jet Engines!

Credits: Daniel Perunov/ Unsplash
  • Commercial air travel accounts for about 2% of greenhouse gas emissions globally or, in the U.S., more than 3% of GHG emissions.
  • Airbus, in these recent announcements, says that the craft will incorporate a cryogenic hydrogen storage tank, operating at -253 degrees Celsius. 
  • Both Airbus and Boeing are reportedly continuing work on new-generation hybrid engines that may electrify the turboprop.

Airbus recently announced that it’s planning to design, build, and...

https://mfame.guru/hydrogen-fuel-cell-tech-to-replace-aircraft-jet-engines/

[FAQs] How To Reduce Bunker Speed of Your Ship?

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Anyone working in shipping will attest that bunker/fuel is one of the major expenses for any shipping company.

Here’s an article published in Maritime Logistics Professional briefing on critical points for shipowners and charterers to become more profitable.

Here’s an excerpt from that.

Bunker Fuel Cost

The cost of bunker fuel is an easy place to start. Fuel accounts for a massive 60% – 80% of the cost of a voyage. 

Below are the ways an owner can reduce these costs:

Slow...

https://mfame.guru/faqs-how-to-reduce-bunker-speed-of-your-ship/

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