The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c
A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS) technologies in the European Union’s Net Zero Industry Act (NZIA) as strategic net-zero technologies. The joint statem
Safetytech Accelerator, a non-profit established by Lloyd’s Register, in collaboration with CoolCo, MOL and Shell International Trading and Shipping Company Limited, has chosen Green Instruments and Everimpact as the first two technology providers to be evaluated by the flagship Methane Abatement in
With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi
Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,
The UK’s Crown Estate has awarded an agreement for lease for what could become one of the world’s largest carbon capture and storage (CCS) projects. The agreement for lease will allow BP, as the lead operator, to further progress the planned Endurance CCS project, a reservoir in the North Sea that w
London-based carbon capture company Carbon Clean has joined forces with Korean construction and project management company Samsung Engineering Co. (SECL) to explore opportunities for onboard carbon capture solutions projects. The two companies have formalized a Joint Development Agreement (JDA) and
A recent study, titled “CII and EU Maritime Decarbonization,” conducted by the research center CE Delft on behalf of the Environmental Defense Fund Europe, found that if European policymakers required ships to achieve top performance (A, B) in climate label Carbon Intensity Indicator (CII), ships co
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
Biden administration is stuck between a rock and a hard place while trying to reconcile its climate agenda and offshore wind ambitions with the IRA’s giveaways to the fossil fuels lobby.
China Petroleum Circulation Association (CPCA) and the China Entry-Exit Inspection and Quarantine Association (CIQA) have officially released China’s first group standards for methanol refuelling operations and quality control. The standards, ‘Marine Methanol Fuel Waterborne Refuelling Regulations’
The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and Australia. The P4I project aims to spearh
While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr
Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted
