The International Chamber of Shipping (ICS) – which represents the world’s national shipowner associations – remains confident that shipping will improve its carbon efficiency by at least 40% by 2030 compared to 2008, in line with the UN International …
Effective January 1, 2020, in accordance with a mandate from the International Maritime Organization (IMO), the allowable percentage of sulfur in marine fuel will fall substantially, from 3.5% to 0.5%. This looming change, known informally as IMO 2020,…
Just How Disruptive Will IMO 2020 Be? Read More »
Banks and investors have been challenged to up their game in the battle to decarbonise the shipping industry, as International Maritime Organisation (IMO) meetings continue this week in London. In a new report, responsible investment organisation Share…
Banks and investors must have shipping on their radar to be true climate leaders Read More »
Emissions from shipping have come under fire once again thanks to the recent climate change protests in London and Sweden that have put further pressure on governments to take swift and decisive action on the environment. Although official figures indi…
Slow steaming, a solution to reduce CO2 emissions? Read More »
Speed reduction of up to -30% will lead to net cost savings for shipping industry and states in the majority of cases. The highest savings are to be achieved especially when fuel prices are high and shipowners’ earnings are low, including on long…