IMO progress and GHG levy momentum increases the imminence of the endgame for shipping’s use of fossil fuels

The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and for this sector’s contribution to minimise the risks of dangerous climate change. The meeting itself was not a point of adoption for measures, but it was a chance to …

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‘Green’ marine fuels could cost less than oil bunkers from 2035: Wartsila

Sustainable marine fuels could become cheaper than conventional, oil-based bunkers from 2035 when greenhouse gas emissions regulations like carbon pricing mechanisms are taken into account, Finnish technology firm Wartsila said March 21. The EU has extended its Emissions Trading System to include maritime transportation from this year, with 40% coverage of emissions from shipping companies …

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