EU ETS requires a practical approach… and the right data

Despite persisting uncertainty around what changes EU ETS will bring for shipping’s finances and contracts, companies can already carve their own pathway to success under the new legislation. This requires adopting a proactive approach and a digital mindset, says Philippos Giannakos, Senior Sales Manager at NAPA Greece. Shipping may have officially fallen under the scope …

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OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis

Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, according to OceanScore. An increasing number of commercial ships have been taking the alternative route to Europe via …

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AAL Shipping Scoops Silver At Top Asia Sustainability Reporting Awards

The global heavy lift carrier was awarded via a panel of independent judges in recognition of best practice in sustainability reporting, following the release of its 2022 Sustainability Report Singapore, Tuesday, 12th March 2024: AAL Shipping (AAL), the premium project heavy lift carrier, has scooped Silver in the Asia Sustainability Reporting Awards, which recognise and …

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Reports Examine Readiness of Emerging Alternative Fuel Options

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 …

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