European Commission views LNG as crucial to achieving climate targets in shipping
LNG is a necessary transition fuel in shipping, since there is a shortage of carbon neutral low carbon fuel alternatives, says the European Commission. Green MEPs want LNG removed from the EU's list of new fuels. Updated.
The EU Commission believes shipping will likely not be able to transition to green energy without the use of liquefied natural gas (LNG) as a transition fuel, as there are not enough zero or low-carbon alternative fuels available,
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.