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.
Russian firms Sovcomflot Group and Gazprom Neft Marine have joined hands to develop projects for LNG bunkering as part of their efforts to reduce emissions from ships.
A fully-electric ferry Ellen E-ferry is set to enter passenger operations in Danish waters at the beginning of July, following a baptising ceremony on 1 June.
Teekay Offshore Partners has secured $165.5m in long term financing from the Norwegian government for four new shuttle tankers which will operate with zero volatile compounds (VOC) emissions.
Japan’s Asahi Tanker Co and Exeno-Yamamizu Corporation Tokyo have jointly developed an electric zero emissions bunker tanker set for commercial launch in the last quarter of 2020.
The Port of Rotterdam Authority has launched an Incentive Scheme Climate-Friendly Shipping with a pot of EUR5m ($5.7m) to promote projects and demonstrations that make use of low carbon or zero carbon fuels delivered in Rotterdam’s port area.
Polaris Shipping will install open-loop scrubbers on seven of its ships, using Langh Tech systems and retrofitting at South Korea’s STX Offshore & Shipbuilding.
China has enforced a ban on the use of open-loop scrubbers in the country’s inland Emissions Control Areas (ECAs), port waters under coastal domestic ECA and the Bohai waters, though a countrywide ban could be implemented in future, according to Bimco.