LONDON, June 12 (Reuters) - Cargill reduced CO2 emissions from its chartered shipping fleet by 350,000 tonnes last year as part of efforts to scale back its carbon footprint at sea, the food and agriculture group said. The international shipping industry accounts for about 2% of global emissions of carbon dioxide (CO2), the main greenhouse gas blamed for global … [Read more...]
ABS Outlook Identifies Strategies for Reaching Low Carbon Shipping Targets
International classification society ABS has launched its Low Carbon Shipping Outlook to help the maritime sector evaluate potential paths to decarbonization in the industry. The outlook defines ship technologies, operational efficiencies, and alternative fuels and energy sources needed to reach 2030 and 2050 targets set by the International Maritime Organization. The … [Read more...]
Bulk Carrier Completes Fully Carbon Offset Voyage from South Africa to Europe
Global mining company Anglo American has completed what is thought to be the first fully carbon offset voyage of a bulk carrier at sea, according to Rightship, which provided the carbon accounting tool used to calculate the carbon footprint of the journey. Carbon offsetting is a way of reducing one's carbon footprint through the purchase carbon offset credits helping fund … [Read more...]
IMO Urged to Consider Mandatory Speed Limits for Ships
An open letter signed by more than 100 shipping companies and environmental organizations is urging the International Maritime Organization to impose mandatory speed limits for ships as a way to reduce harmful emissions from shipping. The letter states that effectively addressing climate change is quite possibly the greatest challenge of lifetime. In response to this crisis, … [Read more...]
BIMCO Urges IMO to Use Realistic Economic Growth Data in Next Greenhouse Gas Study
International shipping association BIMCO is calling for the IMO to use more realistic economic growth data in its upcoming study on greenhouse gas emissions from the shipping industry, and not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand. BIMCO will make the formal proposal next month to an expert workshop … [Read more...]