Eminent shipping economist, Dr Martin Stopford, has set out a four-point plan to modernise shipping’s business models which, he says, are 50 years old and badly in need of a revamp.
The IMO 2020 regulation has been “implemented successfully” says IMO secretary-general Kitack Lim, with just 10 cases of compliant fuel being unavailable reported in the first 20 days.
A new study says it will cost at least $1trn to meet the shipping industry’s 2050 decarbonisation goals, much of it for land-based infrastructure and production facilities.
A partnership of MISC, Samsung Heavy Industries (SHI), Lloyd’s Register (LR) and MAN Energy Solutions is working on a joint development project (JDP) for an ammonia-fuelled tanker to support shipping’s drive towards a decarbonised future.
Despite numerous tales of scrubber installation delays shipyard ASRY in Bahrain says it has retrofitted an exhaust gas cleaning system to a VLCC in 33 days.
TMC Compressors of the Seas is launching a new range compressors designed to work air lubrication systems (ALS) for vessel’s hulls that reduction friction.
A growing number of major shippers and carriers are pledging that they will not use Arctic shipping routes.
The French port of Dunkirk has marked the first use of its cold ironing facilities on Wednesday with CMA CGM container vessel APL Singapura plugging into the shoreside electricity for power.
Using LNG as a marine fuel alone will not be enough to reach the IMO’s 2030 emission reduction targets says K Line chief Yukikazu Myochin.