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Greenhouse Gas Emissions News

17 Mar 2024

Momentum Builds For a Universal GHG Price

Source: UMAS

The 16th Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships concluded with some progress made on the finalization of mid-term measures, and without a decisive shift in the landscape of positions and preferences.This meeting was the first convening of the IMO following the adoption of the Revised GHG Strategy in July 2023.Although it was already agreed in the Revised GHG Strategy to adopt both a GHG Fuel Standard (a mandate on GHG intensity of fuel/energy)…

12 Mar 2024

Updated Framework Released for Comparing Decarbonization Technologies

© Mariusz / Adobe Stock

The Maritime Technologies Forum (MTF) has released an updated Framework for Assessing Decarbonization Technologies and Alternative Energy Carriers and a comprehensive assessment on the maturity and readiness of alternative fuel options, expanding the number of evaluated fuels covered since the previous heatmap report issued in November 2022.The assessment applied MTF’s recently updated framework to an expanded set of eight fuels, including fossil LNG, fossil MGO combined with carbon capture and storage (CCS)…

28 Feb 2024

Swedbank Adopts Poseidon Principles

Source: Swedbank

Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banks’ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.The Poseidon Principles are consistent with the policies and ambitions of the IMO, including its…

24 Feb 2024

Armada Technologies Wins Hull Lubrication Contract with CoolCo

Alex Routledge, Armada Technologies CEO and Richard Tyrell, Cool Company Ltd. CEO

Armada Technologies has secured a hull lubrication contract with LNG carrier company Cool Company Ltd (CoolCo).Under the partnership, Armada will design, engineer, procure, and provide support for the installation and commissioning of its air lubrication system on a CoolCo vessel scheduled to dry dock in 2024. Once commissioned, CoolCo will conduct sea trials and provide documentation to Armada, following ISO or ITTC guidance, to measure the system's performance.Armada CEO Alex…

02 Feb 2024

IMO Secretary-General Sets Fresh Agenda for Maritime

Source: IMO

IMO Secretary-General Arsenio Dominguez has shared the Organization’s plans and focus areas for the next four years.Speaking at a press conference at IMO Headquarters in London, Dominguez outlined four strategic priorities:• IMO’s work to regulate international shipping;• its support to Member States – particularly Small Island Developing States and Least Developed Countries;• enhancing public awareness and image; and• relations with people and stakeholders. He said: “As a global industry that is responsible for transporting over 80% of trade around the world, shipping is indispensable.

07 Dec 2023

CAPP Says Canada’s Emissions Cap will be Production Cap

© Dolores Harvey / Adobe Stock

Canada’s Minister of Environment and Climate Change, Steven Guilbeault, and Minister of Energy and Natural Resources, Jonathan Wilkinson, introduced Canada’s draft framework to cap pollution from the oil and gas sector on December 7. The aim is to reduce emissions and remain competitive in a shifting global market. “No sector of the economy should be allowed to emit unlimited pollution, not when we are all driving toward the same goal of net zero by 2050 to ward off the worst impacts of the climate crisis,” said the ministers in a statement.

04 Dec 2023

Suez Canal Signs Green Methanol MoU

Source: Suez Canal Authority

Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding (MoU) worth $1.1 billion to supply ships with green fuel, a Suez Canal statement said on Sunday.The MoU agreed on the sidelines of the COP28 conference held in Dubai envisages production of 100,000 tonnes of green methanol per year by 2027, the statement said.(Reuters - Reporting by Yusri Mohamed Editing by David Goodman)

30 Nov 2023

Report: Options for Retrofitting Ro-Pax with Hydrogen Propulsion Analyzed

Source: BMT

BMT and PA Consulting have explored the feasibility of retrofitting medium-sized Ro-Pax ferries with hydrogen propulsion and storage technology.The resulting white paper assesses the economic and technical feasibility of retrofitting existing vessels with hydrogen propulsion systems, presenting three retrofit alternatives with varying complexity, hydrogen demand and costs. These options involve dual-fuel engines with compressed gaseous hydrogen storage, hydrogen fuel cells with…

30 Nov 2023

Phase II of IMO’s Maritime Technology Cooperation Centre Project Announced

Source: IMO

The IMO and the European Commission (EC) have announced a second phase of the Global Maritime Technology Cooperation Centres Network (GMN) project, with funding from the EU.The aim of the second phase is to upscale the work of the five regional centres, with a particular emphasis on pilot demonstrations aimed at achieving quantifiable reductions in GHG emissions.The GMN Phase II project follows the successful Phase I which established the five Maritime Technology Cooperation Centres (MTCCs), in Africa, Asia, the Caribbean, Latin America and the Pacific.

27 Nov 2023

Report: Container Shipping GHG Emissions Drop

Source: VesselBot

Technology company VesselBot has released the December 2023 edition of its report titled "Decoding Maritime Emissions - Highs, Lows, and Green Leaders across global ocean routes."The report’s key findings include:Downward Trend in Emissions: The average emissions per kg/tonne have improved since last year. Between January and July, 2023 emissions have dropped by 12% compared to the same period last year. This is a big reduction compared to 2022 where the emissions were up 17% compared to the same period (Jan-Jul) in 2021.When comparing the emissions by trade lane…

22 Nov 2023

AAL Publishes EU ETS Carbon Surcharge Guidance

Source: AAL Shipping

AAL Shipping has claimed a first for becoming the first project heavy lift carrier to publish a carbon surcharge guidance to help its customers prepare for the increased costs related to forthcoming European Union regulations on carbon emissions.The move comes ahead of the extension of the EU Emissions Trading System (EU ETS) to cover the maritime industry, affecting shipping lanes between Europe and the rest of the world from January 1, 2024 with fixed charges for every ton of CO2 emitted.With these additional costs directly attributed to multipurpose cargo operations…

15 Nov 2023

UECC's EU ETS Solution Brings Clarity to Emission Costs

Source: UECC

Cargo owners seeking to determine their Scope 3 emission liabilities from the logistics chain must contend with multiple calculation methods from different shipping lines that will affect their costs exposure to the EU ETS for shipping. To resolve this conundrum for its clients, pure car and truck carrier (PCTC) owner and operator UECC has adopted a standardised methodology based on an existing and trusted industry framework.The EU Emissions Trading System (EU ETS), set to be phased in for shipping from January 1…

18 Oct 2023

Shipping Industry Off Track to Meet 5% Zero-emission Fuel Target by 2030

Credit: Yellow Boat/AdobeStock

The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry's 2050 decarbonization goal.Launched at the Global Maritime Forum's annual summit in Athens on Wednesday, the assessment finds that current scalable zero-emissions fuel (SZEF) production in the pipeline would cover just a quarter of the fuel needed by 2030. And the delivery of zero-emission vessels is also faltering. At the end of 2022, there were 24 ships capable of running on SZEF, mostly methanol, with another 144 on order.

16 Oct 2023

Inditex Partners with Maersk to Reduce its Maritime Transport Emissions

Zara Plaza de España, Madrid (Source: Maersk)

Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with Maersk to reduce its global GHG footprint from seaborne logistics by incorporating alternative fuels in all its inbound routes with the carrier.Through the ECO Delivery Ocean program, Maersk replaces fossil fuels on its ships with green fuels like green methanol or second generation biodiesel based on waste feedstocks. This is expected to deliver an estimated reduction of more than 80% in GHG emissions compared to conventional sources.With ECO Delivery Ocean…

02 Oct 2023

Shipshave Scoops Award for In-Transit Hull Cleaning Solution

Cleaning of the hull during a voyage using a robotic tool deployed from the deck by the crew. Photo: Shipshave

Shipshave has won the Most Innovative Proven Technology Award in the inaugural SNIC Innovation Awards for its in-transit hull cleaning solution that removes biofouling to boost fuel efficiency and decarbonization.The prize was handed out at the Singapore Norway Innovation Conference (SNIC) 2023, with the theme Innovate to Zero, that is hosted annually in Singapore by the Norwegian Business Association Singapore (NBAS).Shipshave earned the accolade for having “the most innovative…

27 Sep 2023

Report: Five Digitalization Steps that can Drive OSV Fuel Efficiency

Credit: Opsealog / Luoman

A new white paper published by maritime performance management company Opsealog sets out five practical steps that OSV operators can take to secure improvements in fuel efficiency through better data analytics.Existing data that companies are already collecting, for example in mandatory logbooks, can enable significant vessel and fleet efficiency gains, says Opsealog.With case studies drawn from Opsealog’s eight years of experience across the world’s offshore markets, the research highlights how having detailed digital monitoring in place helps owners…

20 Sep 2023

Europe’s Ports See First Signs of Business Leakage

© Sascha Burkard / Adobe Stock

The European Sea Ports Organisation (ESPO) has reiterated its support for an emissions trading scheme (ETS) as instrument for greening the shipping sector, but expresses its serious concern about first signs of carbon and business leakage due to the limited scope of the current legislation.For ESPO, the principle to consider calls to some transhipment ports neighbouring the EU as a “port of call” in the counting of the ETS charges is only a partial solution to the problem. ESPO agrees with the identification of Tanger Med and East Port Said as major neighbouring transhipments ports.

14 Sep 2023

Shippers Launch Tender to Accelerate Zero-Emission Shipping

© EvrenKalinbacak / Adobe Stock

The Zero Emission Maritime Buyers Alliance (ZEMBA) has launched a Request for Proposals (RfP) for 600,000 TEUs over a three-year period on ocean vessels powered by zero-emission fuels.This will help its member companies reduce nearly one million metric tonnes of carbon emissions, equivalent to taking 215,000 cars off the road. The RfP is the first major buyer-led initiative to accelerate the transition to zero-emission maritime fuels. ZEMBA was launched as a nonprofit membership organization in March 2023 by the Aspen Institute…

13 Sep 2023

Effectiveness and Equity Boost Needed for IMO Targets

Source: UMAS

In a rare occurrence in the challenging politics of climate change, the IMO’s Revised GHG Strategy, adopted at MEPC 80 in July, represents a significant leap forward in ambition. New analysis by UMAS shows the IMO’s targets correspond to a path between 1.55oC and 1.6oC according to the GHG budget defined by the IPCC.Dr Tristan Smith, Reader at UCL Energy Institute, Director of UMAS, said: “The IMO’s revised strategy sets the scene for the large majority of shipping to have maximised efficiency by 2030 and transitioned away from fossil fuels by 2040.

11 Sep 2023

ABS: Net Zero by 2050 is Possible

Source: ABS

Carbon capture, energy efficiency and green fuels are the roadmap to net zero by 2050. That’s the pathway outlined by the 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, the latest industry-leading research from ABS into shipping’s progress on the green energy transition.Released at the ABS Sustainability Summit during London International Shipping Week, the report examines in depth the carbon, ammonia and hydrogen value chains. It concludes that the industry will need to accelerate investment in carbon capture technology…

04 Sep 2023

CO2 Shipping on the Rise

Source: Rystad Energy

The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects, Rystad predicts that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade, volumes requiring 48 terminals to handle the import and export of the gas.As the global carbon capture, utilization and storage (CCUS) market expands…

30 Aug 2023

OceanScore Launches EU ETS Solution

Ships calling at ports in the EU will be liable for the cost of their emissions from 2024 onwards Photo: zhaojiankangphoto/123RF

Maritime data company OceanScore has launched an integrated solution that enables ship operators to manage emissions liabilities and trade carbon allowances under the impending EU ETS regime for shipping.Shipping companies, as the designated Document of Compliance holder (DoC holder) under the EU ETS regime, will be required to surrender to the authorities EUAs based on their annual emissions, starting at 40% of emissions in 2024 and rising to 70% and 100% of emissions in 2025 and 2026…

29 Aug 2023

DNV Recognizes New Energy Saving Device from ERMA First

Source: ERMA First

ERMA First has received a letter of professional opinion from DNV categorizing ERMA FIRST BLUE CONNECT as an energy-saving device and verifying its positive impact on Carbon Intensity Indicator (CII) performance. The system is an alternative maritime power solution that facilitates a vessel's connection to a port's electrical grid to power onboard services, systems and equipment.By plugging into an onshore power supply and shutting down its diesel auxiliary engines while berthed…

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