Tag: GHG

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued the Safety & Shipping Review 2022, explaining that the decarbonization of the industry will require big investments in green technology and alternative fuels. It is essential that the transition to low-carbon shipping does not create new risks with unintended consequences, says Allianz.

The World Shipping Council, Assarmatori and Danish Shipping sent a joint letter to the Members of the European Parliament urging them to vote for ambitious proposals that are calibrated to help shipping meet the challenges ahead. 

Kawasaki Kisen Kaisha ("K" Line) announced that its two conceptual designs for LNG-fuelled and battery-powered bulk carriers have received Approvals in Principle (AiPs) from ClassNK.

While there has been some recent progress in the fight against shipping emissions, there are still serious challenges, relating to cost and lack of compliance with standards, noted Keith B. Letourneau, Partner Maritime, BLANKROME, at the 2022 GREEN4SEA Forum, warning that without mandatory reductions, GHG emissions from the maritime sector could increase between 50-250% by 2050.

Stolt Tankers, a Norwegian tanker operator, has signed a memorandum of understanding (MoU) with the Port of Rotterdam Authority and Vopak Botlek to conduct a six-month feasibility study for the use of shore-based power for chemical tankers calling at Vopak’s Botlek terminal.

BIMCO updated its greenhouse gas position statement, elaborating on who it believes should pay for carbon pricing and warning that excessive retroactive measures could have negative unintended consequences.

ExxonMobil, an American multinational oil and gas corporation headquartered in Texas, examines the potential for carbon capture and storage (CCS) hub in Gippsland Basin, in order to reduce GHG emissions from multiple industries, opening more CCS opportunities in Australia.

Shipowners must shape their business strategies to reflect tightening environmental controls, writes Stamatis Fradelos, Vice President, Regulatory Affairs, ABS

The preparatory phase of the IMO Coordinated Actions to Reduce Emissions from Shipping (IMO CARES) project has been launched at the IMO-Singapore Future of Shipping Conference.

The port authority in Houston announced its goal to be carbon neutral in the next 30 years, achieving net-zero GHG emissions.