Tag: World Bank

RINA has recently secured a contract with The World Bank Group to support the Ministry of Transport of the Republic of Indonesia in promoting an green and climate-sound development in Indonesia’s port infrastructures and maritime transport. 

World Bank in its latest Commodity Markets Outlook report, highlights that the price cap on Russian crude oil introduced in late 2022 appears increasingly unenforceable given the recent spike in Urals prices.

World Bank has published a new report Commodity Markets Outlook, in which it discusses that, although the global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock, an escalation of the latest conflict in the Middle East, could push global commodity markets into uncharted waters.

World Bank has published a new report Distributing Carbon Revenues from Shipping, in which it discusses which countries could access carbon revenues, for what purposes, and on what terms.

Aramex multinational logistics, courier and package delivery company based in Dubai, United Arab Emirates, shared a tweet with 8 interesting facts about Global Shipping Connectivity and its leading forces according to Liner Shipping Connectivity Index (LSCI). 

IMO, UNCTAD, IRENA and the World Bank organized a COP 27 side event, on 10 November, exploring opportunities for developing States in renewable fuel production for the maritime industry.

A new World Bank report looks at various options for implementing carbon pricing in the shipping industry and explores how carbon revenues could  be used to enable an effective and equitable energy transition in and beyond the sector.

IMO and the World Bank Group joined forces to encourage adoption of a Maritime Single Window (MSW) system.

Not for profit coalition SEA LNG opposed to a recent report by the World Bank which found that LNG cannot form a large proportion of the bunker fuel mix in 2050 due to its carbon intensity, in line with Paris Agreement and Initial IMO GHG Strategy. 

“Green” ammonia, closely followed by “green” hydrogen, is likely the most advantageous bunker fuel for ships, in terms of the lifecycle GHG emissions, broader environmental factors, the scalability, the economics, and the technical and safety implications of each fuel, according to a new report from World Bank.