BIMCO: Shipping needs global market-based measures

BIMCO, the world’s largest shipping association, has called on states and the shipping industry to start a dialogue on how to create a global ruleset for market-based measures (MBM) to support the use of low carbon fuels and to create … Read More

Maersk: We need to act faster to break this chicken and egg limbo

Image credit: World Economic Forum The transition towards zero-carbon fuels in the shipping industry needs to be accelerated, putting a greater focus on the viable solutions already on the market and skipping transitional solutions. These were the messages of A.P. … Read More

Interview with Silverstream CEO: Increasing ship efficiency a matter of business survival

Ship owners will have to make their vessels more efficient regardless of the pathway they choose to meet the upcoming regulatory requirements on greenhouse gas (GHG) emissions in 2030 and ultimately 2050. Making vessels more efficient will be vital in … Read More

Maersk to operate world’s 1st carbon-neutral feeder by 2023

Illustration; Image credit Maersk Container shipping heavyweight Maersk plans to launch the world’s first carbon-neutral liner vessel in 2023, seven years ahead of the initial 2030-ambition, Maersk said. The vessel will be a methanol feeder with a capacity of around 2,000 … Read More

ECSA: EU fuel standard should address fuel suppliers, not ships

The future EU fuel standard requirement should merely concern fuel suppliers and not vessels, the European Community Shipowners’ Associations (ECSA) pointed out. According to EU shipowners, the European Commission should address fuel suppliers by introducing sub-targets to make low- and … Read More

De-rating engines the first choice in meeting EEXI requirements

In November 2020, the IMO approved amendments to MARPOL Annex VI, introducing an Energy Efficiency Design Index for existing ships (EEXI). Subject to adoption at MEPC 76 in June 2021, the requirements will enter into force in 2023. The EEXI … Read More

Maersk CEO: We expect to order first ships running on new fuels in three years

Maersk expects to resolve safety and all other issues faced by ammonia and fuel types based on alcohols in two to three years, clearing the way to order the first ships to run on these fuels in the next three … Read More

Cyprus to cut annual tonnage tax for ships that reduce their environmental impact

The Cyprus Shipping Deputy Ministry (SDM) is launching a range of green incentives to reward vessels that demonstrate effective emission reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that … Read More

ABS joins International Windship Association

American Bureau of Shipping (ABS) has joined the International Windship Association (IWSA), the not-for-profit organisation that promotes and helps facilitate the uptake of direct wind propulsion solutions for commercial shipping. The move is being announced as ABS increases its involvement with … Read More

Valenciaport joins World Ports Climate Action Program

Spanish Valenciaport is making its debut in 2021 by joining the club of twelve international ports committed to decarbonisation and emission reduction projects. The Port of Valencia (PAV) is now a member of the World Ports Climate Action Program (WPCAP), … Read More