Antwerp-based shipowner Compagnie Maritime Belge (CMB) says it has achieved net-zero carbon emissions through the purchase of carbon credits to offset its shipping operations. The privately-owned company this year is marking its 125th year in business. To honor the occasion it has made a pledge to not only be a net-zero emitter of carbon dioxide from 2020 onwards, but to … [Read more...]
Shipping Execs Advocate Carbon Levies to Fund Fuels of the Future
By Roslan Khasawneh SINGAPORE, Nov 1 (Reuters) - Executives at some of the world's top shipping groups are advocating a levy on carbon emissions on shipping in an effort to shape tightening rules on greenhouse gas emissions while providing a means to fund development of cleaner fuel sources. "To meet international shipping's decarbonization challenge, the maritime industry … [Read more...]
Shipping Industry Must Act to Meet Emissions Targets -IRENA
By Roslan Khasawneh SINGAPORE, Oct 31 (Reuters) - Immediate action is required if the global shipping industry is to meet a target of halving its carbon emissions by the middle of the century, but how to achieve this remains unclear, a report showed on Thursday. Maritime shipping, which represents about 90% of international trade, accounts for 2.2% of global carbon dioxide … [Read more...]
Decarbonization Looms Large on Shipping’s Radar
By Sam Whelan (The Loadstar) - Decarbonisation is now the second most important issue for the shipping industry, according to a report released today by the Global Maritime Forum. The Global Maritime Issues Monitor 2019, which surveyed respondents from 46 countries, ranked only the “global economic crisis” ahead of “decarbonisation of shipping” as the issue to have the … [Read more...]
Shipping Companies, Retailers Look to Develop Cleaner Marine Biofuel
By Jonathan Saul LONDON, Oct 29 (Reuters) - Top shipping, retail and transport companies are looking to develop an alternative marine fuel which aims to reduce carbon emissions from ships, in another step to push the sector to go green. International shipping accounts for 2.2% of global carbon dioxide emissions, according to the International Maritime Organization (IMO), … [Read more...]