imo targets

IMO’s Carbon Taxation Proposals Put Shipowners On Edge

  • Owners doubt on carbon costs’ recovery.
  • Maersk CEO’s tax proposal fails to cut much ice.
  • Concerns over green fuels’ supply.

According to an article published in S&P Global Platts, Shipping industry fears that any imposition of a carbon tax on ships that use traditional bunker fuels, to encourage greener fuels is likely to make freight exorbitantly expensive, reduce already paltry earnings and discourage investments on new builds, market participants said June 8.

Carbon Reduction Discussions

The...

https://mfame.guru/imos-carbon-taxation-proposals-put-shipowners-on-edge/

Swire Shipping To Contract for Sail-Assisted Cargo Vessel Construction

  • Swire Shipping serves the many communities in the Pacific which are directly impacted by global warming.
  • Swire expects its recent building contract ship to be ready for delivery in June next year.

Swire Shipping plans to sign the building contract for the first pilot vessel of the Project Cerulean by the end of June 2021, reports Swire.

Project Aim

The project, announced two years ago, aims to develop low-carbon, low-cost sail-assisted inter-island cargo vessels to serve communities in the...

https://mfame.guru/swire-shipping-to-contract-for-sail-assisted-cargo-vessel-construction/

EU Targets Shipping Emissions To Go Carbon Neutral By 2050

  • EU’s aim to go carbon-neutral by 2050 targets green house emissions reduction by 90% from shipping.
  • It would act as a part of far-reaching plan to shake up the maritime economy.

According to an article published in Space Daily, The European Union’s ambition to go carbon-neutral by 2050 means slicing greenhouse emissions from shipping by 90 percent as part of a far-reaching plan to shake up the maritime economy, the EU executive said Monday.

EU Executive’s Voice

“We must change tack and develop a...

https://mfame.guru/eu-targets-shipping-emissions-to-go-carbon-neutral-by-2050/

LGM Engineering To Supply LNG FGSS For Tankers

  • Liquefied Gas Machinery said it has signed a contract to engineer and supply LNG fuel gas supply systems (FGSS) for eight 119,000 dwt dual fuel crude and product oil tankers.
  • The contract was signed in the beginning of the year.

Engineering firm Gloryholder Liquefied Gas Machinery (DL) Co., Ltd (LGM Engineering) on Friday (14 May) said it has signed a contract to engineer and supply LNG fuel gas supply systems (FGSS) for eight 119,000 dwt dual fuel crude and product oil tankers in the...

https://mfame.guru/lgm-engineering-to-supply-lng-fgss-for-tankers/

LNG Hit With Clashes In IMO’s Decarbonization Pathway

  • The International Maritime Organization (IMO) has set up the decarbonization targets for shipping companies to achieve it before 2050.
  • But the ship owners are facing various challenges and making decisions to achieve the IMO targets.

The International Maritime Organization (IMO) has sounded the gun in the race for decarbonisation , but there’s currently a debate raging at the starting line, says an article published in Splash247.

Searching Solutions

The objective is clear; reduce the shipping...

https://mfame.guru/lng-hit-with-clashes-in-imos-decarbonization-pathway/

UECC Launches First LNG Battery Hybrid PCTC

  • The first of three LNG battery hybrid PCTCs commissioned by UECC was launched in an official ceremony Monday 12 April at the Jiangnan Shipyard in Shanghai.
  • The remaining two vessels are scheduled for delivery in 2022.

According to a press release published by UECC, in a major step toward achieving sustainable shipping, the first of three LNG battery hybrid PCTCs commissioned by United European Car Carriers (UECC) was launched in an official ceremony Monday 12 April at the Jiangnan Shipyard in...

https://mfame.guru/uecc-launches-first-lng-battery-hybrid-pctc/

Top Japanese Lenders Collaborate With Carbon Reduction Scheme

Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts to go green, says an article published in Reuters.

Scheme’s Sign up

In recent weeks, Shinsei Bank Ltd, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Finance & Leasing and MUFG Bank have signed up to the scheme, the banks said.

Reducing Carbon emissions

With about 90% of world trade transported by sea, global shipping accounts...

https://mfame.guru/top-japanese-lenders-collaborate-with-carbon-reduction-scheme/

Adoption Of EEDI & EEXI Amendments To Meet IMO 2030 Carbon Goals

Wood Mackenzie’s latest report reveals that the International Maritime Organization’s (IMO) 2030 carbon intensity target can be achieved with the adoption of the Energy Efficiency Design Index (EEDI) and Energy Efficiency Design Index for existing ships (EEXI) amendments at the Marine Environment Protection Committee (MEPC) 76 in June this year, says an article published in Wood Mackenzie.

Amendments Enforcement

The MEPC 76 amendments are due to be enforced from 2023 onwards and will mandate...

https://mfame.guru/adoption-of-eedi-eexi-amendments-to-meet-imo-2030-goals/

IMO Stresses It Is ‘Not Deaf To Climate Urgency’

The International Maritime Organization (IMO) says it is ‘not deaf to climate urgency’, but needs to keep its membership together and work on what has been agreed for emissions reduction from shipping, says an article published in Seatrade Cruise News.
IMO Head’s Message

This was the message given by Roel Hoenders, IMO Head, Air Pollution and Energy Efficiency, Subdivision for Protective Measures, Marine Environment Division, in a keynote session at the global maritime environmental congress...

https://mfame.guru/imo-stresses-it-is-not-deaf-to-climate-urgency/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.