Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched today by technology group Wärtsilä. The report, titled ‘Sustainable fuels for shipping by...
Shipping: Emission Possible
Positive outlook for carbon shipping amid big push to solve technical challenges
Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within the CCS value chain featuring key insights from...
Stena Provident successfully completes first ever methanol bunkering at the Port of Savannah
Stena Provident, one of six state-of-the-art methanol fuelled IMOIIMeMAX ships commissioned through the partnership between Proman and Stena Bulk, completed the first ever methanol bunkering at the Port of Savannah, in Georgia, US on 29th February 2024. The vessel, which is time-chartered by Bahri...
Watershed moment for world’s highest court to confirm that States must tackle climate impacts from international aviation and shipping beyond the ICAO & IMO
Environmental NGO Opportunity Green has submitted a written statement to the International Court of Justice (ICJ), asking the court to confirm that States have legal obligations under international law to tackle climate impacts from international aviation and shipping (IAS) in accordance with the...
zero44 releases the first publicly available FuelEU Maritime Calculator
zero44, provider of digital CO2 management solutions, has today released its “FuelEU Maritime Calculator”. zero44 has developed this tool to enable shipping companies to quickly and easily understand the financial impact that the planned FuelEU Maritime regulation will have on their business. The...
Electric vessel maker Candela closes record funding round of €24.5M
Candela, the leading maker of sustainable, electric hydrofoil vessels, today announced it has closed the largest funding round in the company’s history, to expand production of its game-changing P-12 ferry. A key partner in the 24.5 million EUR round is Groupe Beneteau — the largest global boat...
ZESTAs’ four required outcomes from MEPC81
CII needs to incentivise shipowners towards efficiency measures There is widespread agreement that shipping can achieve 40% emissions reductions with known efficiencies alone. Efficiencies are the low hanging fruit and that is where we must focus efforts today. While we cannot take our eyes off the...
https://www.hellenicshippingnews.com/zestas-four-required-outcomes-from-mepc81/
Wingsail pioneers WingTek secure £2.2m Innovate UK and UK Department of Transport Clean Maritime Demonstration Competition
Bristol-based maritime engineering start-up WingTek, in collaboration with the National Composites Centre and the University of Bristol, has won a £2.2m innovation grant. Awarded under the UK Department for Transport Clean Maritime Demonstration Competition, the funding from Innovate UK is to...
TECO 2030 Receives AIP from DNV for Onboard Compressed Hydrogen Fuel Systems
TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) is proud to announce that it has received an additional Approval in Principle (AiP) from DNV regarding compressed hydrogen fuel systems. This milestone achievement marks a significant step forward in the development of sustainable propulsion...
DeepSea Technologies partners with Ardmore Shipping in driving AI adoption, equipping tanker fleet with deep-learning based voyage optimisation tools
DeepSea Technologies, the award-winning maritime AI company and energy efficiency experts, today announced that it is partnering with Ardmore Shipping, a leading owner-operator of chemical and product tankers to implement Pythia, its voyage optimisation tool, across Ardmore’s fleet – enabling...