The shipping industry, a backbone of global trade, has long been a cornerstone of commerce. However, its significant contribution to global greenhouse gas (GHG) emissions—accounting for approximately 3% of the global total—places it squarely in the spotlight of environmental scrutiny. As the world embraces the urgency of climate action, the shipping sector is undergoing a…
Methanol has been considered as a potential clean fuel for the shipping industry due to its lower emissions compared to traditional marine fuels. It is a type of alcohol with the chemical formula CH3OH and can be produced from a variety of sources, including natural gas, biomass, and carbon dioxide (CO2) captured from industrial processes.…
Egypt are hosting the 27th session of the Conference of the Parties of the UNFCCC (COP 27) this month, tackling the global challenge of climate change. The UN says progress on cutting the emissions that cause global warming has been "woefully inadequate" since COP26. The planet has already warmed 1.1C since pre-industrial times and scientists…
The pressure is on for the maritime industry to decarbonise. To help navigate these complex challenges, DNV has gathered up-to-date information to help turn uncertainty into confidence. They have published their Maritime Forecast to 2050 which outlines their findings, some of which are detailed below: Newbuild vessels are increasingly being ordered ready to run on…
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 greatest impact on…
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