Participants at the 26th United Nations Climate Change Conference (better known as COP26) late last year in Glasgow reiterated humanity needs to accelerate change in the coming decades to limit global warming to 1.5°C (or even to the 2°C as agreed up in the Paris Agreement). Meeting this goal by 2050, the formidable deadline agreed upon across environmental sectors to prevent dooming the planet, will require more than electric cars and veganism…
BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form, CO2TIME 2026, responds to the rapid development of carbon capture…
Saipem and Capsol Technologies ASA, a provider of carbon capture technology, have entered into a non-exclusive cooperation agreement in the field of carbon capture. Specifically, the agreement focuses on the joint development of projects of…
CALCAREA Inc. and AURELIA Design B.V. entered into a collaboration to bring ocean-based carbon capture technology to the maritime sector. The partnership combines CALCAREA’s unique carbon removal process with AURELIA’s experience in green ship design and e-systems integration…
On December 11, Nippon Yusen Kabushiki Kaisha (NYK) and ENEOS Corporation (ENEOS) signed an Agreement regarding the sale and purchase of marine fuel with carbon dioxide removal credits (CDR credit) created through Direct Air Capture with Carbon Storage (DACCS)…
KR announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing.The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI) and PANASIA…
A study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and ARUP, has identified low port readiness as a major hurdle bottlenecking the adoption of onboard carbon capture and storage…
Bernhard Schulte ordered its first CO2 tanker, a newbuild to be constructed at Dalian Shipbuilding Offshore (DSOC) and to showcase technologies designed to reduce its carbon footprint. Planned for delivery in 2026, the ship is committed to a long-term time charter agreement with Northern Lights…
A Singapore-based decarbonization group said on Tuesday it was seeking proposals to study ways to offload captured carbon dioxide from ships during port calls.The call for proposals is part of the world's first project aimed at building and…
“Carbon capture is going to be a key transformational technology for shipping to achieve net zero emissions by 2050. It will be critical to addressing the challenge before us, which is the sheer gradient of the curve. At the moment we can only see the outline of a solution to get us to 2050…
Singapore's Eastern Pacific Shipping (EPS) signed a definitive agreement with Rotterdam-based Value Maritime (VM) to install carbon capture and filtering systems on MR tankers M/T Pacific Cobalt and M/T Pacific Gold, with an option to equip three more vessels…
