Tag: decarbonization

While the maritime industry discusses short-term measures at the IMO’s MEPC 76, actors in finance, law and shipping explored shipping’s road to decarbonisation and net zero.

As more experience is gained through hydrogen pilot projects, the marine industry is expected to adopt hydrogen as an environmentally friendly fuel of choice, according to a new whitepaper by ABS. 

The European Commission and the Waterborne Technology Platform reached a memorandum of understanding for a co-programmed partnership that is expected to guide the sector to zero emissions by 2050.

The 76th session of IMO’s Marine Environment Protection Committee (MEPC 76) kicked off virtually on 10 June, expected to adopt amendments to cut the carbon intensity of ships by 40% by 2030. 

Following an ICS call earlier this week, a first-ever meeting of high-level maritime bodies agreed that more investment is needed from governments and shipping to develop the technologies for a greener industry.

The IMO-Norway GreenVoyage2050 Project has received 14.5 million NOK (USD 1.75 million) in additional funding to continue assisting developing countries in their efforts to reduce GHG emissions from ships.

Without decisive government signals, declining levels of maritime research and development could jeopardize the shipping industry's ability to decarbonize, warned the International Chamber of Shipping (ICS) ahead the IMO's MEPC 76 meeting starting this week. 

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.

Oil major Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts, after a landmark Dutch court ruling last month, said the company's CEO Ben van Beurden, Wednesday.

Finnish technology group Wärtsilä and classification society RINA have announced a new propulsion arrangement aiming to act as a future-proof alternative to traditional ship design.