U.S. Seeks ‘Pragmatic’ Approach to 2020 Marine Fuel Standards

By Stephanie Kelly NEW YORK, Oct 25 (Reuters) - The United States is looking for a "pragmatic" approach to the implementation of new marine fuel emission rules that go into effect in 2020, a U.S. Coast Guard official said on Thursday. The United States will seek to develop a proposal or proposals with like-minded countries for a May 2019 meeting of the International … [Read more...]

Ship Financiers Back Tougher Action to Cut CO2 Emissions at Sea

By Jonathan Saul LONDON, Oct 24 (Reuters) - Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector. In April, the United Nations shipping agency reached an agreement to reduce CO2 emissions by at least 50 percent by 2050 compared with 2008 levels, which fell short of more ambitious targets. The … [Read more...]

Death of Dirty Fuel Oil May Be Exaggerated as Ships Fit Scrubbers

By Alex Longley and Irene García Pérez (Bloomberg) -- One of the world’s most polluting fuels may have some life left in it yet. Demand for high sulfur fuel oil is expected to crater in 2020 when the International Maritime Organization introduces a cap on sulfur. But companies that build exhaust cleaning systems for ships, which enable the vessels to keep burning the fuel, … [Read more...]

Cargill ‘Challenge’ to Help Decarbonize the Shipping Industry

Swiss commodities giant Cargill has challenging businesses and entrepreneurs to come up with technologies that could help reduce carbon footprint of the global maritime shipping industry. Cargill announced the so-called "CO2 Challenge" this week. The company says the challenge, launched in partnership with DNV GL and a start-up called Rainmaking, aims to find and scale new … [Read more...]