Maersk Broker, McKinsey & Company partner up on maritime decarbonisation

Maritime consulting business Maersk Broker Advisory Services and management consulting firm McKinsey & Company have joined forces to assist shipowners and operators in defining their decarbonisation roadmap and strategy. As informed, the collaboration aims to guide the industry to take … Read More

ESL Shipping starts another virtual arrival trial to cut CO2 emissions

Finnish shipping company ESL Shipping, compatriot steel producer SSAB and the Port of Oxelösund have started a virtual arrival trial in the Luleå-Oxelösund traffic after the first couple of arrivals have resulted in reductions in consumption and CO2 emissions. The … Read More

Penfield Marine boasts first carbon-neutral voyage

Connecticut-based tanker manager and pools operator Penfield Marine has partnered up with financial group Macquarie to carry out Penfield’s first carbon-neutral voyage. The carbon-neutral voyage was performed by the M/T Seaways Hatteras, a vessel owned by International Seaways through carbon … Read More

US Congress urged to support maritime decarbonization with at least $20B

Fifteen port authorities, industry groups and environmental organizations have signed a letter calling on the US Congress to include at least $20 billion in any infrastructure deal to support the decarbonization of the shipping industry. In the letter, the organizations … Read More

Boston Consulting Group joins Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

U.S.-based management consulting company Boston Consulting Group (BCG) has become an official partner to Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. By signing a partnership agreement with the center, BCG committed to long-term, strategic collaboration to speed up decarbonization of … Read More

Jansen: No technology in sight to make large ships carbon-neutral in next 3-5 years

Rolf H. Jansen; Image credit: World Shipping Council At this point in time, there is no technology in sight that would make large, ocean-going ships carbon-neutral in the next three to five years, CEO of German liner company Hapag-Lloyd, Rolf … Read More

Maersk CEO: Business is ahead of govts on decarbonization agenda

There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes. “Business is ahead … Read More

Industry heavyweights call for net-zero shipping by 2050

The shipping industry must reach zero emissions by 2050, and to get there zero-emission ships must become the dominant and competitive choice by 2030, an op-ed signed by big industry names insists. This means that the International Maritime Organization (IMO) … Read More

Carbon pricing: Have we reached the tipping point?

The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases … Read More

Nuclear power for shipping: X-Press Feeders invests in Core Power

X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry. The carrier, which has not disclosed the amount of … Read More