reducing shipping emissions

UK to stop funding coal mining abroad

Speaking at a UK-Africa investment summit in London, the UK prime minister Boris Johnson announced that the government will no longer finance coal-mining and coal-fueled power stations in developing countries, in the wake of the adverse effects brought by climate change. 

New marine fuels blends emit more black carbon than HFO, study says

Finland and Germany submitted a study to the IMO’s Pollution Prevention and Response (PPR) sub-committee, in order to be revised during its session scheduled for February. This document presents results of a measurement campaign for the analysis of the impact of fuel oil quality on Black Carbon emissions. The results indicate that new blends of marine fuels with 0.50% sulphur content can contain a large percentage of aromatic compounds, which have a direct impact on Black Carbon emissions.

BMW Group joins shipping decarbonization plans

Following the environmental goals set by the shipping industry, BMW Group aims to using zero-emission cargo vessels from 2030, highlighting the importance of making the transportation as environmentally friendly as possible.

Shipping decarbonization needs more than $1 trillion investment

Following the implementation of the 2020 sulphur cap on January 1st 2020, a study launched focuses on the importance of new investments into new fuel production, supply chains and a new or retrofitted fleet to achieve the decarbonization in the next three decades.

EIA: US energy-related CO2 emissions to decrease annually through 2021

US EIA forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After decreasing by 2.1% in 2019, energy-related CO2 emissions will decrease by 2.0% in 2020 and again by 1.5% in 2021 for a third consecutive year of declines, EIA forecasts.

Trafigura supports slow steaming regulations

Trafigura Group recently announced its plans against climate change, setting new target to reduce the carbon emissions from its shipping operations. The company showed its support on the idea of imposing slow steaming regulations to cut GHG emissions.

Supply of low-sulphur fuels rising fast

Reuters reports that global supplies of marine fuel compliant with the new environmental rules are increasing fast as concerns over quality remain marginal. Despite initial concerns about availability of very low-sulphur fuel oil (VLSFO) late last year, the preferred compliant marine fuel supplies at key hubs now seem adequate, according to the International Energy Agency (IEA). What is more, concerns that the VLSFO, which is a blend of high-sulphur and low-sulphur fuel, could damage engines are now less prominent.

Partners join forces on ammonia-fuelled tanker project

MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register (LR) and MAN Energy Solutions announced a collaboration to jointly launch a project (JDP) for an ammonia-fuelled tanker to support shipping’s drive towards a decarbonized future.

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