Tag: GHG

A new Insight Brief by the Global Maritime Forum (GMF) highlights that with the International Maritime Organisation’s (IMO) Revised Greenhouse Gas (GHG) Strategy adopted in July 2023, this Brief dives deeper into the mid-term measures, including an economic and technical measure, which are currently under development to ensure delivering on the Strategy.

During the 2023 SAFETY4SEA Singapore Forum, ShuYong Koh, Global Sustainability Director, ABS, presented decarbonization and sustainability insights in the maritime industry, saying that the green transition in shipping is increasing with various challenges based on the current regulations towards envisioning roadmap to achieve 2030 to 2050 sustainability goals.

According to International Council on Clean Transportation (ICCT), the International Maritime Organization’s (IMO) 2023 greenhouse gas (GHG) strategy aims for international shipping to reach net-zero GHG emissions by or around 2050. 

A new study published in Environmental Research: Infrastructure and Sustainability has found that green ammonia could be used to fulfill the fuel demands of over 60% of global shipping by targeting just the top 10 regional fuel ports.

BIMCO published a climate change glossary, to clarify and harmonise definitions and terminology to ensure that the discussions around climate change and potential solutions for the shipping industry are based on a mutual understanding of what the commonly used terms mean.

NYK announced that it will install a Variable Compression Ratio (VCR) system on LNG (liquefied natural gas) fueled car carriers to be built by Shin Kurushima Dockyard Co., Ltd. The first vessel is scheduled to be delivered in 2026.

Safe Bulkers, Inc., announced that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel with a scheduled delivery date within the first half of 2026.

Mitsui O.S.K. Lines, announced that it has decided to expand its fleet with the additional five Newbuilding Dual-fueled Capesize bulkers, which can burn either LNG or conventional marine fuel oil.

Poseidon Principles' 2023 Annual Report highlights a pivotal moment as signatories, for the fourth consecutive year, reveal their climate alignment efforts. The report, crafted by the Global Maritime Forum in collaboration with UMAS, underscores the shipping industry's commitment to decarbonization.

According to Gitana Røyset, Claims Executive, Arendal, global coal consumption climbed to an all-time high in 2022 and is on track for a record-breaking 2023 and 2024.