Tag: CO2

The IMO MEPC 76 adopted a 2% annual ship CO2 intensity reduction target between 2023-2026, representing an estimated 11% improvement by 2026 compared to 2019 levels, a decision that encountered strong opposition by green groups and major states. 

NYK has recently become a member of the Global CCS Institute, an international think-tank established to promote the use of carbon capture and storage (CCS) technologies worldwide.

While there is still uncertainty surrounding the use of synthetic fuels, these could add to the expanding focus on sustainable future fuels benefiting the tanker market, according to Gibson Shipbrokers.

The Hague court has ordered oil major Shell to reduce its CO2 emissions by 45% by 2030. This is the first time a judge has held a corporation liable for causing climate change.

US MARAD announced the availability of $10,819,000 in grant funding for America’s Marine Highway Program (AMHP), aiming to encourage the use of America’s 25,000 miles of navigable waterways and reduce CO2 emissions in the US transportation system. 

Danish-based shipping companies, Evergas and Ultragas, have founded Dan-Unity CO2, the first shipping company specialized in vessels for transport of captured CO2 for storage (CCS) and re-use (CCU). 

Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 - even if existing commitments to decarbonize transport are fully implemented, according to the new Transport Outlook 2021 by the International Transport Forum,

Norwegian Klaveness Combination Carriers (KCC) became the first shipping company to join the carbon capture project CCShip, which was recently launched as part of Norway's ambition to reduce its CO2 emissions. 

The path to lower CO2 emissions from ships will be better achieved through a fleet-based approach to efficiency requirements, according to a new analysis prepared for Danish Shipping by Dutch consultants CE Delft.

The Port of Rotterdam has joined German steel companies thyssenkrupp Steel and HKM in an investigation aiming to set up international supply chains for hydrogen. The initiative seeks to enhance Europe's efforts to reduce CO2 emissions and become climate-neutral by 2050.