Wind-assisted vessels, LNG can lower green fuel costs for shipowners, insurer says
Shipowners can cut compliance costs under the EU’s new green shipping fuel regulation by using LNG-powered ships or wind-assisted propulsion, according to a new report by a global shipping insurer.
Read MoreShipping sees data, contracting, admin challenges in first year under EU ETS
One year into the inclusion of shipping in the EU ETS, the system is now “well understood” by the maritime sector – but issues persist regarding data transparency, division of contractual responsibilities, and access to EU accounts, according to a maritime data analytics firm in its 2024 review.
Read MoreUK consults on including maritime emissions, non-pipeline CCS in ETS
The UK government on Thursday launched a consultation on further changes to the UK ETS, including the expansion of the market to cover maritime shipping emissions, and on proposals for regulations that would allow permanent storage CO2 via non-pipeline methods to be subtracted from reportable emissions.
Read MoreContainer ships have not become more energy efficient in years, NGO data reveals
Europe’s container ships have not improved their energy efficiency in six years, despite it being one of the easier options to reduce emissions in the sector, according to NGO analysis published on Thursday.
Read MoreEurope’s LNG imports 30% more polluting than EU estimates -report
Europe’s LNG imports generate a third more emissions than accounted for in the EU’s green shipping law, according to a new report released on Monday.
Read MoreCOP29: “Dark vessels”, oil and gas under-reporting fuelling unrelenting rise in global GHG emissions -data
“Dark vessels”, or ships that disable their tracking systems, are responsible for at least 7% of global maritime emissions, secretly releasing more than 80 million tonnes of CO2 annually, while unfettered methane output from the oil and gas sector is contributing to the unrelenting rise in global greenhouse gas emissions.
Read MoreBRIEFING: Definition of ‘offshore ships’ in EU ETS draws criticism from industry, NGOs
The shipping industry as well as environmental NGOs have criticised the European Commission’s definition of offshore ships to be included in the EU ETS from next year, saying it will lead to confusion, market distortion, and unaccounted emissions.
Read MoreEU fishing policy limits on vessel weight and power are no hindrance to low-carbon transition -report
Limits on vessel weight and power under the EU’s Common Fisheries Policy (CFP) pose no obstacle to transitioning the EU fishing fleet to energy-efficient and low-carbon propulsion technologies, according to a new report by a non-profit.
Read MoreUS onboard shipping CCS developer closes $9.5 mln additional funding
A California-headquartered developer of modular onboard carbon capture and storage (CCS) for the shipping sector has raised $9.5 million in new funding, according to a Tuesday press release.
Read MoreSouth Korean shipbuilder teams up with industry body to decarbonise shipping
One of the largest shipbuilders in South Korea has teamed up with a clean shipping industry body to work on solutions that can decarbonise the sector, particularly ammonia and onboard carbon capture systems.
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