The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI (formerly Rocky Mountain Institute) are launching Katalist, a not-for-profit ‘book and claim’ registry designed to accelerate the shipping industry’s decarbonisation journey. Regulations to...
The 2023 annual report from the Poseidon Principles marks the fourth time that the signatories to the Principles have reported their climate alignment. In September, just a few weeks after the adoption by the IMO of its revised GHG, all of the signatories in the...
Titan Energy Holding, the parent company of Titan Clean Fuels, has closed a successful funding round for a 45% equity stake with further follow-on rights from Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. Molgas is involved in...
ABB and shipping company Wallenius Marine have opened the doors of the first Oversea Fleet Support Centre, said to offer a major milestone in their collaborative strategy to help shipping companies improve environmental, technical and voyage performance. One of the...
International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s Emissions Trading Scheme (ETS) to the shipping industry could be in the billions. The extended EU ETS, which comes into force on 1 January 2024, will set an annual...
Mitsui OSK Lines (MOL) and A.P. Moller-Maersk have issued a joint statement at COP 28 on the decarbonisation of the shipping industry. The statement looks at bridging the price gap between clean alternative fuels and fossil fuels, which both companies regard as key to...
French liquefied gas membrane containment system company GTT has signed a strategic cooperation agreement with China State Shipbuilding Corporation (CSSC). The agreement provides for cooperation between GTT and 12 subsidiaries of the CSSC conglomerate, notably in ship...
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme (ETS) Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and published three ETS clauses for Voyage Charter Parties. The clauses aim to facilitate collaboration and provide clarity...
A.P. Moller-Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order, which, on 9 February 2024, will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and...
The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles (POLA) and Port of Long Beach (POLB) have unveiled a partnership strategy for a green and digital shipping corridor (GDSC) across the Pacific Ocean. The release of the partnership strategy follows...
The CEOs of five major shipping companies have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging IMO to create the regulatory conditions to accelerate the transition to green fuels. The joint statement says...
Ship design, particularly the design of bulk carriers, presents particular challenges when it comes to the decarbonisation of existing vessels, according to dry bulk shipowner association Intercargo. Intercargo Chairman Dimitris Fafalios (pictured) said: “Shipping is...
In January 2021 Corvus Energy launched the H2NOR project aiming to develop the next-generation fuel cell based on fuel cell technology from Toyota; the product was launched in June 2023 and the first contract for the inherently gas-safe Pelican Fuel Cell was signed in...
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