Decarbonization News - page 3


Global Shipping in Crosshairs as Environmental Scrutiny Deepens

Dec 22, 2021

Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say.Shipping, which transports about 90% of…

Crowley Commits to Net-zero GHG Emissions by 2050

Dec 07, 2021

As the maritime industry collectively struggles to chart the course toward decarbonization, Crowley today committed to net-zero greenhouse gas emissions across all scopes by 2050, pursuing a path aligned with the latest climate science to limit global warming to 1…

Nippon Foundation, DeepStar Launch Joint Decarbonization R&D Program

Dec 06, 2021

The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment…

UK's Peel Ports Pushes to Be Net Zero of Carbon Emissions by 2040

Nov 04, 2021

Leading British ports operator Peel Ports aims to become net zero of carbon emissions at all its operations by 2040 and is exploring hydrogen fuel solutions for some of its energy needs, the private group's chief executive said.Britain has said it is committed to reaching net zero emissions by 2050…

Industry Looks to UN Climate Talks to Steer Cleaner Shipping

Oct 28, 2021

World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonize by 2050, a senior industry official involved in the meeting said.Shipping, which transports about 90% of world trade…

Interview: Hiroaki Sakashita, CEO, ClassNK

Oct 28, 2021

While the maritime industry faces a long ‘to do’ list for the coming three decades, Hiroaki Sakashita, CEO, ClassNK, sees decarbonization as the definitive trend that will most dramatically impact the design, construction and life-cycle operation of ships…

Performance Intelligence: The Key to Decarbonizing Maritime

Oct 28, 2021

How technology can bring data to life, from design through to operations, helping improve efficiency and reduce emissionsOver the last year, climate change – or more appropriately climate action – has emerged as the critical issue impacting the future of global industries…

Port of Corpus Christi Inks Decarbonization Deal

Oct 20, 2021

The Port of Corpus Christi Authority has entered into a Memorandum of Understanding (MOU) with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) as part of the Port’s commitment to decarbonization and energy transition initiatives…

Amazon and Others Commit to Zero-carbon Ship Fuels by 2040

Oct 19, 2021 Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonization in the maritime sector, executives said on Tuesday.With about 90% of world trade transported by sea…

PROFILE: Glosten is Meeting the Decarbonization Challenge, by Design

Sep 09, 2021

Naval architects and marine engineers sit on the front lines of the maritime industry’s battle toward decarbonization. Morgan Fanberg, President, Glosten, discusses the challenges and opportunities ahead.Put in context the challenge ahead for…

DNV Report Says Maritime Energy Transition is Gaining Speed

Aug 31, 2021

More than 1000 ships are expected to be ordered per year through 2030, and with growing pressure on the shipping industry to decarbonize, the shipowners must be careful with fuel selection and ship design, as a misstep here can have damaging consequences in the future…

Trio Working to Build World's First Hydrogen-powered Oceangoing Cruise Ship

Jul 26, 2021

MSC Group's cruise division, shipbuilder Fincantieri, and Italian energy infrastructure company Snam have signed a memorandum of understanding to determine the conditions for the design and construction of what would become the world’s first oceangoing hydrogen-powered cruise ship…

EEX Launches Dry Freight Index Showing Cost of Carbon

Jul 12, 2021

German energy exchange EEX on Monday launched a zero carbon freight index (ZCFI) which combines the bourse's dry freight and emission permits prices to show operators how accounting for carbon emissions could affect freights.Decarbonization…

EU Steers Shipping Toward Carbon Trading Market to Curb Emissions

Jul 01, 2021

Ship owners could be forced to pay for pollution from their vessels or face bans from European Union ports under draft plans to add shipping emissions to the bloc's carbon market.Shipping does not at present face EU emissions targets, but that…

IMO Adopts New Measures to Cut Ship Emissions

Jun 17, 2021

The U.N. shipping agency approved further measures on Thursday to boost the energy efficiency of commercial vessels although critics said the move fell short of what was needed to cut the industry's carbon footprint.The International Maritime…

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