The shipping sector needs to speed up its developments if it wants to realize its CO2 targets. Availability in ports, volumes and price will be decisive for alternative, climate friendly fuels in shipping, projects DNV GL in new report.
From 2030 banks will likely no longer finance new ships that emit greenhouse gases, projects Øivind Haraldsen, global head of shipping at Danske Bank. Both Danske Bank and DNB consider issues such as the environment decisive in terms of selecting new customers.
Henriette Thygesen, who forms part of Maersk's executive management team, now encourages the UN to enter talks with heads of state around the world to find a solution for the many seafarers stranded at sea.
The biggest container ship yet capable of sailing on LNG was delivered to French shipping line CMA CGM on Tuesday. The ship was christened at a ceremony in Shanghai and will set out on its maiden voyage Wednesday.
Blanked sailings are causing delays and have sent Transpacific container rates soaring. "Within the past month, it has run amok," says Carsten Trolle, CEO of Air & Sea at DSV, in an interview with ShippingWatch.
The green fuel of the future will be either hydrogen or ammonia. At least if you ask Euronav CEO Hugo De Stoop, who points out the two candidates as the "winners" on the road to achieving the industry's target of reduced emissions.
The interest in getting a slice of the wind market, which is expected to grow by 15 percent per year ahead to 2030, now has both old acquaintances and brand new players within offshore and dry bulk jumping to get in on the action. Maersk, Scorpio and Arne Blystad's OHT are just three among many.
The European Parliament has now voted to induct the shipping industry into the EU's Emissions Trading Scheme from 2022. The Parliament furthermore favors a 40 percent CO2 reduction before 2030 and plans to setup an ocean fund.
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.
A leaked draft on the carbon emissions trading system from the EU Commission leaves the door open to measures impacting ships far beyond Europe, sources tell ShippingWatch. "It's very worrying," says Bimco.
This autumn sets the stage for a particularly important climate struggle as the EU tries to reach an agreement on the scope of its carbon emissions reduction for 2030. Disagreement abounds, and regardless of the talks' outcome, the question remains if these measures will be sufficient.
Mining company BHP wants to lower its carbon emissions by 30 percent in 2030, and shipping will contribute a large reduction. LNG will play a significant role, as the fuel, according to BHP, can deliver results here and now.
The EU Commission will before long decide on how the shipping sector should be placed under the European Emissions Trading System. One area in particular is decisive to Maersk and the rest of the sector.