Zero-Carbon Fuels the Main Missing Link Towards Shipping’s Decarbonization: A Technical Report from the Union of Greek Shipowners

1. Introduction The aim of this Report is to provide the technical perspective on the ways of reducing Greenhouse Gas (GHG) emissions from the maritime transport in line with the initiatives of the “Fit for 55” package. This Report intends to inform discussions regarding the reduction of the GHG emissions from the maritime transport sector …

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Financing for Older Ships’ Retrofits and Upgrades, a Rarity

A scarcity in obtaining finance for environmentally-friendly retrofits and upgrades is hindering shipping’s decarbonization process. In its latest weekly report, Intermodal said that “IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principles are just a handful pieces of evidence that the environmental regulations …

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“K” LINE successfully separated and captured CO2 from exhaust gas in World’s First CO2 Capture Plant on Vessel

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has successfully separated and captured carbon dioxide (CO2) from the exhaust gas emitted from the vessel, coal carrier “CORONA UTILITY”(operated by “K” LINE for Tohoku Electric Power Co., Inc.), which has been installed the “CC-OCEAN” project for the verification of CO2 capture plant onboard as part of the “Research …

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Mitsubishi Shipbuilding Successfully Separates and Captures CO2 from Exhaust Gas in World’s First Marine-based CO2 Capture System Project

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has successfully separated and captured carbon dioxide (CO2) from the exhaust gas emitted from the engines of a ship equipped with a small-scale CO2 capture demonstration plant, as part of the “Carbon Capture on the Ocean” (CC-Ocean) project(1) for verification testing of a …

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Aspen Institute Launches coZEV Initiative with Major Corporations to Support Zero-Carbon Shipping

Through a new collaborative, cargo owner-led network facilitated by the Aspen Institute, a group of climate-forward brands have announced a first-of-its-kind target to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040. Amazon, Brooks Running, Frog Bikes, IKEA, Inditex, Michelin, Patagonia, Tchibo, and Unilever are the first signatories to …

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Royal Van Wijhe Verf joins GoodShipping to Decarbonise Its Ocean Freight

Royal Van Wijhe Verf, a global supplier of coatings and colourants, joins forces with the world-first sustainable cargo initiative GoodShipping to decarbonise the company’s ocean freight of all incoming raw materials through the application of sustainable marine biofuel. Royal Van Wijhe Verf, known for its portfolio of brands including Wijzonol, Ralston, Rebel Paints and SolidLux, …

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Top Asian economies well positioned to capitalize on shipping decarbonization

Top Asian economies may need to spend the most decarbonizing shipping, but industry experts say they are well positioned to create business opportunities from these climate efforts. Taking a look at China, Japan, and South Korea, which together account for roughly a third of the world’s CO2 emissions, ING analysts concluded the countries’ mid-century net-zero …

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European shipowners support the uptake of clean fuels but fear FuelEU may become missed opportunity due to enforcement loopholes

ECSA supports the objective of the FuelEU Maritime proposal to foster the uptake of cleaner fuels in shipping. However, the proposal may become a missed opportunity. Using documents provided by non-EU fuel suppliers to calculate carbon savings contributing to the EU’s climate targets may create substantial enforcement loopholes. Making the EU fuel suppliers responsible for …

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Amazon and others commit to using zero-carbon shipping fuels by 2040

Amazon.com Inc. and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector, executives said on Tuesday. With about 90% of world trade transported by sea, global shipping...

https://www.hellenicshippingnews.com/amazon-and-others-commit-to-using-zero-carbon-shipping-fuels-by-2040/

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