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.
Multinational mining group, Rio Tinto, is to install an OceanGlide air lubrication system developed by Alfa Laval on one of its bulk carriers.
Eastern Pacific Shipping and Yinson GreenTech signed a letter of intent to collaborate on electrification of the shipping industry.
Singapore forcecast methanol bunkering demand to exceed 1 million tonnes by 2030 and received a strong response to an expression of interest (EOI) to supply the fuel.
Four Newcastlemaxes and two Very Large Ammonia Carriers (VLACs) fitted with Ammonia dual-fuel engines are due for delivery from 2026.
A growing number of container vessels are being retrofitted to use methanol as fuel with latest move from Hapag-Lloyd for ships chartered from Seaspan Corporation.