If the European Parliament’s significant change to the EU’s proposal for shipping’s carbon quotas is carried through, the Emissions Trading System will go from having polluters pay to polluters being paid, says the World Shipping Council.
Berenberg expects "at least" two years' worth of good market conditions in container shipping. Its focus is on asset-based financing of smaller vessels and over-capacity is not an issue, says Berenberg's head of shipping.
Co-founders such as Ørsted have dropped out, and the ambition to get 30 companies on board in 2021 did not succeed for climate initiative Sea Cargo Charter, which counts Norden, Cargill and Klaveness among its members. According to the partners behind, the first year has still been a success.
The European Parliament suggests charteres should be made responsible for paying shipping's CO2 quotas. ECSA believes that an EU directive should intervene and regulate the contratcts with the ship owner. Read the parliament's position here.
By as early as 2025, Torm means to reduce carbon emissions from its operated tanker fleet by 40 percent, thereby moving forward its original target by five years. The tanker operator's end goal remains climate neutrality by 2050.
Maersk charters more than 400 ships and targets climate neutrality by 2040, although it is currently not possible to charter a green ship. The carrier aims for the market to solve the problem, says Maersk's head of decarbonization to ShippingWatch.
The acquisition of shipbuilder DSME looked like the near-perfect extension of HHI, which, ultimately, became the nail in the coffin for the year-long competition case. In Brussels, prominent people expect the decision to hold up in court – however, the question is whether shareholders are already looking for new buyers.
More than 25 million tonnes of carbon emission from ships are exempt from the EU's proposed carbon price for shipping, writes NGO Transport & Environment in new report. Danish Shipping supports the EU's proposal.
Following several years of investigation, the EU's competition authority rejects the proposed merger between South Korean shipbuilders DSME and HHI. The decision is a rejection of a move that would "combine two of the leading global shipbuilders," says Margrethe Vestager.
Peter Liese, the European Parliament's rapporteur on ETS, seeks to bring forward the start of the new program by a year to 2025 according to Bloomberg. The shipping community is awaiting the formal report by the rapporteur expected tomorrow, Friday.
Maersk is garnering praise for ramping up its climate targets. However, climate researcher Tristan Smith hopes to see even more steps taken by the industry leader. NGO Transport & Environment wants Maersk to declare support for EU's targets.
Supply of green methanol is the great unknown in Maersk's green plans, and methanol for new ships from 2024 will be a big test in the transition, says Maersk head to ShippingWatch. Green fuels will "definitely be more expensive."
A dry bulk vessel from Oldendorff Carriers has tested a fuel blend with second-generation biofuel on a voyage from Australia to Vietnam. The biofuel reduced CO2 emissions by 15 percent, the carrier says.
An alleged pirate engaged in a firefight with Danish special forces in the Gulf of Guinea made his statement in a preliminary examination at the City Court of Copenhagen. It ended with the alleged pirate being remanded in custody for a preliminary 25 days.
Earlier Thursday, the minister of justice announced withdrawal of charges against three out of four presumed pirates. The fourth and injured alleged pirate arrived in Denmark on Thursday, facing prosecution.
The countries by the Gulf of Guinea "must take responsibility" and prosecute suspected pirates arrested by international navies in the fight against piracy, states Bimco. Local action would strengthen international support.