German shipowners: Availability of green fuel is key to realizing shipping's climate target

Necessary technologies and shipping’s willingness to adapt to a green future are already present, but the large-scale production of green fuels is missing, says the German shipowners’ association.

”Achieving climate-neutral shipping by 2050 not only requires comprehensive regulatory clarity but it also requires renewable fuels to be available to shipping on a global and competitive basis,” states VDR’s CEO, Martin Kröger. | Photo: Pr/port of Hamburg/michael Lidner

by JENS THOMSEN

German shipowners support the European Union’s aim for shipping to achieve climate neutrality in 2050.

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Regulation

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

There is too much emphasis on expensive ships and new fuel when it comes to the green transition, says Norden’s Jan Rindbo.

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Peder Simonsen CFO in Golden Ocean points to congestion as a main reason as to why freight rates haven't increased yet when demand is good. | Photo: Pareto Securities

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TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025
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John Fredriksen has increased his wealth by NOK 81bn this year
The Norwegian-Cypriot shipping magnate is by far Norway’s richest man and has earned over NOK 200 million a day since last year.
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The purpose of the roundtable is to discuss how shipping can reach goal of becoming climate neutral by 2050.

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”The pattern each freight forwarder has developed on long term deals that we have cut before the market turned around will clearly have an impact on the profitability moving forward,” says Mathieu Friedberg, CEO of Ceva Logistics. | Foto: Pr / Ceva Logistics

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Dubai challenges Singapore as shipping's favorite city

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Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

There is too much emphasis on expensive ships and new fuel when it comes to the green transition, says Norden’s Jan Rindbo.

For subscribers

John Fredriksen once again tops the list of Norway's richest men. | Foto: Ints Kalnins/Reuters/Ritzau Scanpix

People

John Fredriksen has increased his wealth by NOK 81bn this year

The Norwegian-Cypriot shipping magnate is by far Norway’s richest man and has earned over NOK 200 million a day since last year.

Freddie Lee (left) and Carsten Mortensen, both partners in Dee4 Capital Partners, together with Reefer RoRo AG, will build a green reefer vessel for banana export to Europe. | Foto: Pr-foto

Container

Carsten Mortensen wants to build green reefer ship for banana export

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German shipowners: Availability of green fuel is key to realizing shipping's climate target

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Denmark gathers countries to discuss shipping's climate goals at UN summit

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

John Fredriksen has increased his wealth by NOK 81bn this year

Carsten Mortensen wants to build green reefer ship for banana export

Jobs