Tag: alternative fuels

The California Air Resources Board has preliminarily awarded $41 million dollars to the Port of Los Angeles for the Zero-Emission and Near Zero-Emission Freight Facilities project. The total project cost for this initial phase is $82,568,872, with partners providing $41,446,612.

When entering ECAs and other designated areas, ship crews should conduct a fully changeover procedure to a compliant fuel oil with reduced emissions of Sulfur Oxides (SOx), preventing air pollution caused by maritime activity.  So what is the best practice for a safe Fuel Oil Changeover?

IBIA welcomed signs that work may soon start to develop a new chapter for oil-based fuels with a flashpoint below 60°C within the context of the IGF Code. This would simplify the process for ships to show that they are designed to use such fuels safely, IBIA said.

The 5th session of the IMO’s sub-Committee on Carriage of Cargoes and Containers (CCC 5) last week has completed draft interim guidelines for the safety of ships using methanol as fuel, setting them on course for formal approval by the IMO’s MSC in 2020.

According to DNV GL's Energy Transition Outlook, until 2050, energy from renewables will meet 50% of our energy needs, while alternative sources of energy will grow the world’s electricity transmission and distribution systems. In the following infographic you can see a timeline of the expected developments up until 2050.

In this video, Remi Eriksen, Group President and CEO of DNV GL, and Sverre Alvik, ETO Programme Director, explain the findings of the Energy Transition Outlook. They say that until 2050, energy from renewables will meet 50% of our energy needs. However, currently we are on course to miss the 2⁰C goal by Paris Agreement.

While 18 months ago the global LNG market was depressed, prices seem to have staged a strong recovery. However, gas now needs to work for its long-term sustainability, according to Simon Flowers, Chairman and Chief Analyst, Wood Mackenzie. 

DNV GL today published its latest Energy Transition Outlook. According to the new Outlook, natural gas projects will receive a significant investment, while the global energy demand will peak in 2035. The increased electrification of energy demand, along with wind and solar energy, will grow the world’s electricity transmission and distribution systems. In addition, DNV GL also published the Maritime Forecast to 2050, which examines the challenges of decarbonizing the shipping industry. 

Amid the industry's hot debate on how to achieve compliance with the upcoming environmental regulations, and on how these rules are expected to affect companies financially, the world's largest container ship company, Maersk, said that the 2020 sulphur cap will add about USD2 billion to its annual fuel bill. 

Publishing its financial figures for the first half of the year, Norwegian dry bulk shipping company Jinhui announced that it is sees as more beneficial the option of low sulphur fuel oil instead of scrubbers, in order to achieve compliance with the global environmental regulations coming into force from 2020.