The shipping industry contributes to almost 3% of global greenhouse gas emissions annually. If it were a country, it would be considered the sixth largest emitter. This form of transport, however, is central to the movement of goods, with about 90% of global trade being carried on ships, and private and public stakeholders are working …
How the shipping industry is sailing towards zero-emission targets Read More »
Ahead of the next United Nations Climate Conference, known as COP 27, the UN Foundation’s Senior Advisor and Senior Director for Ocean and Climate, Susan Ruffo unpacks what’s at stake for the world’s ocean – and explains why it is the source of some of the most powerful climate solutions. Question: What is the role …
Cop 27 Q&A: how the shipping sector can help us restore our oceans Read More »
The International Bunker Industry Association (IBIA) welcomes news that the Port of Rotterdam appears to be moving toward making the use of mass flow meters (MFMs) mandatory for bunker deliveries. “We believe this is a logical next step for the Port of Rotterdam, which introduced a license requirement for bunkering vessels operating under its jurisdiction …
IBIA welcomes news of Rotterdam’s plans to mandate MFMs Read More »
What is the current status of the UN brokered Black Sea Grain Initiative? Following the attack on the 29 October 22 on Russian Naval vessels within the Black Sea port of Sevastopol, the Russian Federation announced the suspension of its participation within the UN brokered Black Sea Grain deal. According to a UN statement, the …
Dryad Global: A Security Update on the Current Status in the Black Sea Read More »
Chinese state-owned enterprise State Power Investment Corporation (SPIC) has put into operation the world’s first offshore floating solar power plant integrated with offshore wind turbine, at a site located off the coast of China’s Shandong Province. Illustration/Ocean Sun’s floating solar unit in Albania (Courtesy of Ocean Sun) Using the patented offshore floating solar technology from …
China commissions first offshore floating solar plant integrated with wind turbine Read More »
Northern Xplorer, a recently established Norwegian cruise venture, has selected classification society DNV to class its first zero-emission cruise ship. The vessel, dubbed the world’s first zero-emission cruise ship, will be constructed by Portuguese shipbuilder West Sea. Photo: Multi Maritime/Sverre Hjørnevik Designed by naval architects Multi Maritime AS in Førde, Norway, the 250-passenger ship will feature …
World’s 1st zero-emission cruise ship to be classed by DNV Read More »
Since the official launch of Amogy in November 2020, the Brooklyn-based technology startup has had several important milestones. The company is building a zero-emission ammonia-to-power system, which aims to enable the decarbonization of heavy-duty transportation and industries, including shipping. Amogy’s core technology is a compact chemical reactor that cracks ammonia into hydrogen. The hydrogen is then …
Amogy CEO: Our goal is to cut 10 pct of global GHG emissions by 2040 Read More »
Rotoboost, a global hydrogen company based in Norway, has won a new technology qualification designation from the ABS classification society for its pre-combustion carbon capture system based on the thermocatalytic decomposition process. Image credit: ABS The technology, described as a first-of-its-kind, allows for continuous hydrogen production and carbon capture onboard marine vessels. The system converts …
Rotoboost reveals first-of-its-kind pre-combustion carbon capture system Read More »
UK-headquartered energy giant Shell has completed the sale of a 100 per cent shareholding in its subsidiary, which operates a gas field in the Philippines, to Malampaya Energy XP (MEXP), a subsidiary of Prime Infrastructure Capital Inc (Prime Infra). Back in May 2021, Shell inked a deal with Udenna Corporation’s subsidiary for the sale of its …
Shell wraps up sale of stake in deepwater gas-to-power project off Philippines Read More »
The Baltic Exchange’s dry bulk sea freight index (.BADI) extended losses for the ninth straight session on Monday, weighed down by lower rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 71 points, or about 4.6%, to its lowest since mid-September …
Baltic index slides for 9th day as rates fall across segments Read More »
