The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, and the International Bunker Industry Association (IBIA), which represents the global bunker industry, have submitted a joint proposal to the shipping…
A progress report from the Silk Alliance projects a strong and increasing demand for methanol and ammonia from 2030 onwards. It estimates more than 3 million tonnes of clean methanol and a minimum of 280,000 tonnes of clean ammonia will be required by …
Shipping companies are facing significant financial exposure from introduction of the EU Emissions Trading System (EU ETS) next year that will increase balance sheet risk, further fuelled by carbon price volatility and the threat of fines for non-compl…
Shipping companies must prepare for stricter EU regulations as the European Union tightens emissions rules for the maritime sector. New regulations and customer demands will drive the need for low-emission maritime fuels like renewable biogas and synth…
Shipping companies must be prepared for the tightening EU regulations Read More »
Shipyard’s lack of capacity could prove a main obstacle in shipping’s drive for decarbonization. In its latest weekly report, shipbroker Intermodal said that “shipyards play a critical role in steering the maritime industry toward sustainability, overs…
Stretched Shipyard Capacity Could Hinder Shipping’s Decarbonization Process Read More »