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…
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…
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…
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…
TotalEnergies announced today that it is extending research into the viability of ammonia as an alternative marine fuel, entering into a Memorandum of Understanding (MoU) with 22 companies across diverse industries to initiate a joint study on ammonia as an alternative marine fuel…
The United States will join an international effort to achieve zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced ahead of a summit of world leaders President Joe Biden will host this week.'We're going to look to the ocean to continue to help reduce pollution…
ABS and Rainmaking are teaming up to support entrepreneurs with maritime decarbonization technologies in the world's top shipping hub.ABS’ marine and offshore industry experience combined with Rainmaking’s register of decarbonization focused…
Japan’s port of Tokyo will waive an entry fee from next month for ships powered by liquefied natural gas (LNG) and hydrogen, as well as LNG bunkering ships, in a bid to promote the use of cleaner marine fuels, authorities said on Friday.The exemption runs for five years from April 1…
Shipping and trade groups are calling on the European Union to advance the development of ammonia and green hydrogen as the best marine fuel options to enable the industry to accelerate decarbonization.With about 90% of world trade transported by sea…
A new approach to safety is necessary along the maritime industry's rapid transition to a decarbonized, digitally smart future, says classification society DNV GL in a new white paper released this week, and as discussed on Maritime Reporter TV with Knut Ørbeck-Nilssen…
In an eventful week in which its Port of Nigg was selected as a turbine foundation marshaling port for the giant Seagreen offshore wind farm, UK-based Global Energy Group said Thursday it had struck a deal to power its Port of Nigg facilities using green hydrogen…
French oil major Total said it will contribute to a project led by shipping giant Maersk aiming to develop new alternative fuels and carbon neutral solutions for ships.The nonprofit Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping was…
There is increasing pressure for shipowners to sharpen their environmental performance, driven by an IMO target to halve greenhouse gas emissions from shipping by 2050, regional regulations and market pull from charterers, banks and investors…
Container shipping giant Mediterranean Shipping Company (MSC) said it is working to advance the exploration viability of hydrogen and fuels derived from it as potentially viable fuel sources for its vessels.The initiative is part of the Swiss…
Classification society Lloyd’s Register (LR) announced the industry experts who have joined the advisory panel of its Maritime Decarbonization Hub, a dedicated center of excellence launched in October that aims to accelerate the safe, sustainable…
