Tag: green practices

ExxonMobil announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business.

The Port of Vancouver, together with partners from across the port community, are testing various low- and zero-emission fuels and technologies, as part of the port port’s efforts to phase out all port-related emissions by 2050. 

Boston Consulting Group (BCG), and ABS have signed a memorandum of understanding to help operators in shipping through their decarbonization journeys.

A survey of shipowners conducted by design and engineering consultancy, Houlder, has highlighted that reliance on ad hoc collaboration between ship owners, and between technology companies and owners, is a major barrier to the decarbonisation of shipping.

CMA CGM, COSCO, OOCL and Evergreen have signed the Ocean Alliance Day 7 Product, which will launch in January 2023 with 40 services and an annual capacity of 22.4 million TEUs.

The maritime industry must take immediate collective action on an unprecedented scale to bring the decarbonization of the industry closer to the Paris 1.5°C trajectory, states the Maritime Decarbonization Strategy, a new report published today by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.

According to DNV's UK Energy Transition Outlook (ETO), the country is not on track to meet mid-century decarbonization targets and that the industry and government must mobilize a clear roadmap to attain ‘net zero by 2050’.

On 24 November 2022, the China Maritime Safety Administration (MSA) of the Ministry of Transportation issued a new regulation on Energy Consumption Data and Carbon Intensity of Ships, which applies to both Chinese flagged ships and foreign ships of 400 gross tonnage and above for inbound/outbound Chinese ports.

The Union of Greek Shipowners (UGS) acknowledged the positive elements of the provisional agreement on the inclusion of shipping in the EU ETS and calls for the adoption of suitable global measures.

INTERCARGO continues to fully support the ambition to achieve net zero emission shipping by 2050. However, it noted that it is important to stress that this goal can only be achieved by providing the shipping industry with alternative zero carbon fuels.