Environmental

The decarbonisation of shipping and meeting the targets of IMO 2050 are a huge task and marrying commercial business objectives and regulations will be key to the process.

The world’s largest LNG-powered containership – the 23,000 teu CMA CGM Jacques Saade – made its maiden call in Singapore on Monday.

The new green recycling facility proposed for Saldanha Bay in South Africa may give owners another option sometime in the future, but for the moment, recycling end-of life ships in today’s multi-tier market is a major headache for ship operators.

Keppel Offshore & Marine (Keppel O&M) has bagged a SGD600m ($442.2m) contract from an energy company for a vessel for the offshore renewable energy sector.

Seventeen of the world’s largest ship operators, charterers and commodities traders will for the first time commit to transparent reporting of shipping emissions.

The Cyprus administration is working on a series of green incentives which reward those actively taking steps to support the transition to a zero carbon future with the aim of launching them later this year.

A new and flexible fuel cell technology, a project developed by Norwegian companies, has proven that it can reduce carbon dioxide (CO2) emissions from shipping by 40% to 100%.