Live from SMM 2018

The Seatrade Maritime reporting team brings you all the key stories in the run-up to, and live on the ground during, SMM 2018, the international maritime trade fair.

Cargill, Rainmaking and DNV GL launch second phase of CO2 challenge

In the quest to reduce greenhouse gas (GHG) emissions from shipping Cargill, Rainmaking and DNV GL have launched the second stage of a CO2 challenge at SMM 2018.

The CO2 challenge seeks to find and scale technologies that can reduce GHG emissions from vessels by 10%.

“We’ve had a positive response to the CO2 Challenge,” said George Wells, global head of assets and structuring at Cargill. “We have the opportunity to meet some of the start-ups in person at SMM in Hamburg and we are impressed with the technologies and new ideas. As the CO2 Challenge continues, we are confident that we will continue to see interesting options.”

Since it was launched in June the challenge has received applications from 70 companies, in 20 countries, covering a wide variety of technical applications, including wind propulsion, engine optimization, digital, air lubrication, hull optimisation and more.

Seatrade Maritime News is reporting live from SMM 2018

The International Maritime Organization (IMO) has set what DNV GL ceo Remi Eriksen describes as an ambitious, but achievable, target to reduce CO2 emissions from shipping by 50% in 2050.

Read more: Revolution needed in marine propulsion to meet IMO’s 50% greenhouse gas reduction target

The CO2 Challenge is still open to new applicants until 17 September 2018 and potential applicants can visit the website www.co2-challenge.com to apply.

Posted 5 September 2018

© Copyright 2019 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Informa Markets.

Related Topics

Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

Sign up to get the latest Maritime News headlines emailed directly to your inbox

SUBSCRIBE