International Maritime Organization (IMO) has set a target of a 20% reduction in total GHG emissions by 2030, striving for 30%; but there are doubts from some that the industry can meet this ambition.
Malaysian shipowner MISC has inked time charter contracts for the world’s first ammonia-powered Aframax tankers with Petronas’ PETCO Trading Labuan Company Ltd (PTLCL).
Singapore’s Pacific International Lines (PIL) and CCS Wuhan Rules And Research Institute have inked a Memorandum of Understanding (MoU) to further decarbonisation.
The shipping and maritime arm of Shell believes energy efficiency solutions that can be deployed now are a key part of decarbonisation efforts and should be a priority for the industry as whole.