Since Goodfuels signed up shipping company Norden as a biofuels customer, the pace has quickened for the company. Large oceangoing carriers are next in line, says founder and CEO in an interview with ShippingWatch.
While a roadmap to reduce the shipping industry's environmental impact emerged last week, a critical date could lose its significance following pressure from several interests. Now, it has been reduced to a footnote.
Battery-operated vessels on major trade routes seem like the stuff of a far-distant future. But according to maritime professor Roar Os Ådland from the Norwegian School of Economics speaking to ShippingWatch, such vessels are actually not so far off.
The shipping industry must be financially sustainable to be able to live up to the impending environmental requirements on CO2 emissions reductions, stresses ICS, criticizing the subsidies which support the construction of new vessels.
Ship exhaust intensifies thunderstorms, shows new US research. Powerful lightning in the Indian Ocean, the Malacca Strait, and the South China Sea has struck exactly where the vessels sail, show 12 years of registrations. See the comparison here.
100 companies are responsible for more than 70 percent of industrial emissions of greenhouse gases since 1998, reveals a new investigation. Maersk Group is included on the list of the biggest polluters which is particularly dominated by oil companies.
If shipping is does not soon adopt a plan for to reduce its CO2 emissions, the result of the other CO2 reduction efforts from land-based transport will be severely limited, projects NGO Transport & Environment.
The IMO member states have allegedly reacted to the pressure from stakeholders to deliver on a CO2 resolution. In any case, there is surprisingly strong support for deciding on a specific time-frame for CO2 reductions, according to the Danish Shipowner's Association. Several other stakeholders criticize the IMO member states for setting the bar too low.
There is broad cross-party support in the EU Parliament to incorporate the shipping industry into the EU's CO2 quota scheme in accordance with the EU's 2030 emissions targets. This would mean that from 2021, carriers would pay for their emissions by buying emissions quotas.
Fines for vessels which violate international sulfur requirements range from just over EUR 2,900 to EUR 6 million, according to a new report from the OECD which questions the commitment of signatory countries to enforcing the rules. It calls for carriers to take on the burden of proof.
There is a need for complete clarity on the global sulfur cap this year. At the IMO's meeting in London this week, organizations such as Intertanko and the International Chamber of Shipping call for clarification as soon as possible.
The Chinese authorities are preparing to introduce environmental zones for shipping several places in the country, starting in the new year. Specific requirements for reduced sulfur and CO2 emissions underway.