Eleven major shipping banks representing a bank loan portfolio to global shipping of around $100bn have launched a new global framework to incentivise shipping’s move toward decarbonisation.

CMA CGM has joined hands with IKEA Transport & Logistics Services, the GoodShipping Program, and the Port of Rotterdam to test and scale the use of sustainable marine bio-fuel oil.

The International Association of Dry Cargo Shipowners (Intercargo) has urged dry cargo owners to prepare their vessels for “landmark changes” in shipping in 2019.

A new study on how vessels can achieve zero emissions has been released by Lloyd’s Register (LR) and University Maritime Advisory Services (UMAS), showing what is needed for shipping as it heads toward the IMO 2050 greenhouse gas (GHG) emission reduction strategy.

While the sulphur cap is still very much the issue of the day Martin Stopford, president of Clarkson Research Services, says the industry needs to start thinking now how it will meet the IMO's goal of a 50% reduction in CO2 emissions by 2050.

Vincent Wee talks to International Chamber of Shipping (ICS) secretary-general Peter Hinchliffe and chairman Esben Poulsson about the complexities of achieving successful yet cost effective regulations for shipowners.

Paul Slater, chairman and ceo of First International Corp argues that the statistical evidence of CO2 emissions from shipping is deeply flawed. 

The shipping industry has lauded an initial strategy adopted by the International Maritime Organization (IMO) to reduce GHG emissions by at least 50% of 2008 levels by 2050, but others were less impressed.

The International Maritime Organization (IMO) looks set to agree Greenhouse Gas (GHG) emission cuts of at least 50% by 2050 as a week of difficult negotiations at the Marine Environment Protection Committee (MEPC) draw to a close.

IMO secretary-general Kitack Lim has been moved to issue a statement reiterating that the International Maritime Organization is a transparent and inclusive body, which has been working for decades to reduce harmful air emissions from ships.

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