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Euronav secures new sustainability-linked loan

Belgian tanker carrier Euronav raises millions of euros through a new credit facility tied to several climate targets. Euronav thus joins a group that already counts players such as Hapag-Lloyd and Hafnia.

CMA CGM launches first bio-fueled service

French container line CMA CGM plans to launch a service running purely on biomethane in May. The service needs 12,000 tonnes of biomethane, which should be enough to operate two 1,400 teu vessels for one year, writes the group.

Customers will pay higher price for Maersk's first carbon neutral ship

Maersk's first carbon neutral container ship, which will sail on green methanol, can make transport "significantly more expensive." But Maersk believes that there is a group of customers who are willing to pay the price, says the company's head of climate, Morten Bo Christiansen, in an interview with ShippingWatch.

This is how Ørsted kicked off climate talks with its key suppliers

Ørsted is in the process of having its suppliers, including shipping companies, reduce their carbon emissions. Without this, the energy major will not be able to realize its own 2040 target. So far, Ørsted has begun talks with 28 of its biggest suppliers, says the company in an interview with ShippingWatch.

"The alternative to MEPC agreement would have been chaos"

The ambitious nations did not come close to getting what they wanted. "But there was no appetite for more," says a source about the result reached by the MEPC committee, as the desire to just reach an agreement became decisive. The Getting to Zero coalition says this could impede the 2030 target of achieving emission-free ships.

Shipping nations' joint proposal lacks concrete content

The surprise joint proposal from a series of major shipping nations last week is no guarantee for an agreement. There is a need for "willingness to compromise", says ICS. NGO Transport & Environment describes the proposal as "an empty shell". ShippingWatch has spoken to both parties.

European politicians want ambitious carbon regulations

On the same day that the EU Commission's draft on carbon quotas for shipping was leaked, a majority in the EU Parliament voted in favor of having shipping contribute significantly more to the fight against greenhouse gases.

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