Shipping consultancy launches EU ETS-specific contracts to manage compliance

Published 16:50 on May 15, 2024  /  Last updated at 16:51 on May 15, 2024  / /  EMEA, EU ETS, International, Shipping

An international shipping advisory service has created an EU ETS add-on to its standard shipping contracts, enabling shipowners and charterers to delegate compliance obligations to a managing entity.

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Voluntary carbon standard releases methodology to credit electrification in shipping

Published 09:42 on May 15, 2024  /  Last updated at 09:42 on May 15, 2024  / /  Americas, Asia Pacific, EMEA, International, Shipping, Voluntary

A large voluntary carbon credit issuing body has released a methodology crediting the electrification of energy supply for ships when shore-side or offshore, active from Wednesday.

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UK energy company to build world’s first wood-powered cargo ship

Published 17:53 on May 14, 2024  /  Last updated at 17:53 on May 14, 2024  / /  Asia Pacific, EMEA, International, Japan, Shipping, Voluntary

A British energy firm with ambitions to become a global player in bioenergy with carbon capture and storage (BECCS) has drawn up plans for the world’s first wood-powered cargo ship.

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New Zealand weighs including international shipping, aviation in climate target

Published 11:46 on May 6, 2024  /  Last updated at 11:46 on May 6, 2024  / /  Asia Pacific, Aviation/CORSIA, International, New Zealand, Shipping

The New Zealand government is mulling whether to include the emissions from international flights and shipping to its emissions target, and is seeking public feedback and submissions in a first for the nation.

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Industry group says new technologies may cut shipping methane emissions by 80%

Published 01:01 on May 3, 2024  /  Last updated at 16:26 on May 2, 2024  / /  EMEA, International, Shipping

A series of newly-developed methane abatement technologies can help cut emissions on ships by up to 80%, an industry initiative announced on Friday.

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INTERVIEW: New maritime pooling mechanism aims to dilute and monetise emissions intensity of EU ships

Published 13:10 on April 30, 2024  /  Last updated at 17:59 on April 30, 2024  / /  EMEA, EU ETS, International, Shipping, Voluntary

A Finnish startup is offering the EU’s first pooling service to group high- and low-emissions intensity ships and facilitate their compliance with the bloc’s incoming FuelEU Maritime rules.

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UK to begin consultation on including maritime emissions in ETS shortly, but no deadline for free allocation response

Published 15:56 on April 22, 2024  /  Last updated at 15:56 on April 22, 2024  / /  EMEA, Shipping, UK ETS

The UK government will soon begin a public consultation on how best to include maritime emissions in the scope of the UK ETS, a senior official said on Monday, without indicating when the government would respond to recently completed consultations on other potential changes to the country’s stand-alone carbon market.

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Korean port authority teams up with US non-profit to decarbonise shipping sector

Published 04:29 on April 17, 2024  /  Last updated at 04:29 on April 17, 2024  / /  Asia Pacific, International, Shipping, South Korea

One of the largest industrial ports in South Korea has teamed up with a California-based environmental organisation to drive down emissions in the international shipping sector.

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Australia, Singapore looking to clean, green maritime operations

Published 04:18 on April 17, 2024  /  Last updated at 00:43 on April 18, 2024  / /  Asia Pacific, Australia, Other APAC, Shipping

Singapore and Australia plan a A$20 million ($12.85 mln) spend via the Australia-Singapore Initiative on Low Emissions Technologies (ASLET) for maritime and port operations, the two said Wednesday.

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Emissions reduction technology firm signs agreement with SAF, biodiesel producers in Spain

Published 20:54 on April 16, 2024  /  Last updated at 20:54 on April 16, 2024  / /  Aviation/CORSIA, EMEA, EU ETS, Shipping, Voluntary

A new biofuels plant in Spain will utilise industrial hydrotreating technology to reduce emissions in the production of sustainable aviation fuel (SAF) and biodiesel, the companies announced Tuesday.

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