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...]

Shippers Shine Torch in Every Corner as Pressure to Cut Carbon Grows

By Jonathan Saul and Nina Chestney LONDON, Oct 23 (Reuters) - From higher-quality paint to state-of-the-art propellers: shipping companies are looking in every corner to reduce their carbon footprint as investor and activist pressure increases. The move comes as aviation and shipping firms face demands to slash emissions due to their reliance on oil. The two sectors are … [Read more...]

Microsoft Joins Tech Race to Clean Up Shipping With Big Data

By Emily Chasan (Bloomberg) -- At noon every day -- when the sun is directly overhead -- the world’s fleet of commercial maritime ships report their position, speed and weather conditions. It’s the primary way ships track how much fuel they’re burning and how to to use less of it, and they’ve been doing it this way for at least 200 years. Surely there’s a better … [Read more...]