Emissions

The shipping industry is continuing its trend of decoupling emissions growth from the global growth of seaborne trade, according to IMO’s fourth Greenhouse Gas Study.

The IMO’s target of reducing shipping’s carbon emissions by at least 50% by mid-century can easily be achieved and even surpassed, according to shipping economist and non-executive President of Clarkson Research, Martin Stopford.

Uncertainties over which fuels shipowners will need to use to meet CO2 emission targets in the future will be a “game changer” for the industry according to Nikolas Tsakos.

AP Moller-Maersk and eight other companies including Microsoft and Starbucks have joined hands to set up a new initiative to accelerate the transition to a net zero emissions global economy.

Stena Bulk has started to offer low-carbon shipping options for its customers in the form of biofuel, following a successful biofuel trial in April.

The Volkswagen Group has deployed the first LNG-powered car carrier on a transatlantic voyage, with the vessel Siem Confucius carrying more than 4,800 vehicles.

Seven Japanese companies have teamed up to develop and to eventually commercialise zero-emission electric vessels.