Tag: CO2

The International Chamber of Shipping (ICS) has submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the UN International Maritime Organization (IMO), for a Zero Emission Shipping Fund (ZESF).

Chiyoda Corporation, Nippon Yusen Kabushiki Kaisha (NYK), and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) have conducted a joint study to quantitatively evaluate and verify the feasibility of the CCUS (carbon capture, utilization, and storage) value chain.

The International Council on Clean Transportation (ICCT) released a new report informing that policymakers should increasing default methane slip value to at least 6% for LNG engine. The report characterizing methane emissions from ships fueled by liquefied natural gas (LNG) operating in Europe and Australia.

The Poseidon Principles for Marine Insurance, an initiative backed by the Global Maritime Forum to drive decarbonisation of international shipping through transparency, has issued its second annual disclosure report.

In December 2023, Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. signed a series of contracts to construct the world's first ammonia-fueled medium gas carrier (AFMGC) equipped with Japan-made engines.

According to World Economic Forum (WEF), with 90% of traded goods being transported across the ocean, the shipping industry stands at the heart of the global economy.

DNV has entered into a Joint Development Project (JDP) with Singapore-based shipping company SDTR Marine to cooperate on a Carbon Capture and Storage (CCS) feasibility study for the latter’s 85,000 dwt Kamsarmax bulk carrier.

Carbon capture and storage (CCS) is a long-established technology but its profile has grown as a potentially significant solution to achieve rapid decarbonisation. Gard highlights the associated risks and opportunities for the shipping industry.

Kawasaki Kisen Kaisha (“K” LINE) and NIHON SHIPYARD CO., (NSY) have entered into a contract for the construction of three post-Panamax bulkers which NSY had newly developed and designed as next-generation, environmentally friendly ships.

Fairway Methanol LLC, a US-based 50-50 joint venture between Mitsui & Co., and Celanese Corporation, has begun the production of methanol by using carbon dioxide (CO2) emitted from plants surrounding the joint venture's facility.