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CO2

Read all the latest news about CO2. ShippingWatch gives you independent, credible, critical and fair news.

More carriers show interest in installing giant sails this year

Norsepower will soon close more deals with shipowners to install sails, explains CEO Tuomas Riski, who counts Maersk Tankers and Viking Line among his customers. Ultrabulk is also looking into the possibility of powering larger dry bulk vessels with windpower.

Several major shipping lines doubt Maersk's 2050 vision

Several of Maersk's competitors cannot get behind the vision of CO2 neutrality in 2050, though the container carrier is praised by politicians, NGOs and several international organizations for its anouncement. The IMO targets are ambitious enough, they say.

Maersk aims to reduce CO2 emissions to zero by 2050

Maersk's decision to become CO2 neutral before 2050 is met with widespread praise from stakeholders including a series of NGOs, which are normally critical toward the shipping company. One NGO warns Maersk to remember the short term in its climate ambitions.

Coal will be the green wave's first and biggest victim

The green transition is transforming the energy market and thus also the market for transporting coal, oil and gas. According to Wood Mackenzie, the downturn in coal transport is fairly clear, while the pattern looks different for gas in particular.

Norden CEO: Used vegetable oil may power world trade

Norden plans to use leftover vegetable oil to power its fleet in the future. "We had the test voyage in 2018, we will roll this out in 2019 and we can do it on a much larger scale in 2020," says CEO Jan Rindbo.

Kuehne+Nagel monitors liner companies' climate footprint

Kuehne+Nagel is monitoring the climate footprint of container ships with its Seaexplorer platform. "We've already seen packaging becoming more eco-friendly. But when we talk about sustainability, the middle part – the cargo part – is still missing," VP Paolo Montrone tells ShippingWatch.

Harsh criticism: IMO is too slow on key climate agenda

Old tricks found their way to the IMO during last week's meeting of the Marine Environment Protection Committee, MEPC, says NGO Transport & Environment, which voices harsh criticism of the efforts to curb shipping's greenhouse gas emissions. Low-hanging fruits were left hanging, say some, while major stakeholders are pleased with the outcome.

Shipping's climate ambitions will now be tested

Over the next week it will become clear how ambitious the world's countries actually are in terms of reducing the shipping industry's CO2 emissions. Several countries are pushing for action now, while others seem to be in less of a hurry and have low ambitions.

IMO subject to new criticism for lack of transparency

Transparency International is once more lashing out at the IMO ahead of an important meeting of the maritime organization. Three key elements should be changed in order for the IMO to fulfill its obligations, says the NGO.

New report criticizes the EU's focus on LNG

A new study carried out by a UK analyst firm suggests LNG is not the climate-friendly fuel solution many believe it to be, and which the EU has invested billions of euros in. Quite the opposite, in fact.

This is why the green transition is challenging to shipping

The shipping industry is continuously chastised for being too slow to complete a green transition. But it is more difficult for shipping than for other industries to go green, says organization REN21, which is working to promote renewable energy.

Shipping top execs: We don't have answers for the CO2 targets right now

Maersk Group CEO, Søren Skou, acknowledges to ShippingWatch that Maersk's plan of action to meet the new CO2 targets by 2050 is far from complete. BW Group's chairman Andreas Sohmen-Pao (photo) describes the targets as "an opportunity and a risk" that everyone needs to take into account.

The fight for EU climate funding to shipping is now underway

For shipping to meet the IMO targets and make the sector CO2 neutral, EU contributions will be absolutely crucial, say shipowners. A week from now the EU will present its long-term budget until 2028, and this will provide the first key indicators. Shipowners are positive after comments from then EU Commission on Tuesday.

Shipping's new CO2 targets could undermine LNG as fuel

Carriers should consider carefully if LNG is a viable solution with the IMO's new CO2 targets, says Tristan Smith, leading maritime academic at University College London. According to ShippingWatch's information, the CO2 targets will be included when Hapag-Lloyd finally makes a decision on LNG at the next board meeting.

From ambitious to hesitant: This was how the IMO's CO2 deal was received

With Friday's CO2 agreement, the global shipping sector has for the first time set a specific target for its efforts to reduce greenhouse gas emissions. Many stakeholders praise the agreement, describing it as "historic." Others say the deal reflects the sector's power in the IMO. Find the reactions here.

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