Regulations & Policy
European Commission ends shipping consortia antitrust exemption
The European Commission will not extend the EU legal framework exempting liner shipping consortia from EU antitrust rules, known as the Consortia Block Exemption Regulation (CBER). This decision comes after a review process initiated in August 2022, with the CBER set to expire on April 25, 2024. The
ERMA First’s CCS wins nod from LR
Greek ballast water treatment specialist ERMA FIRST has won Lloyd’s Register’s Approval in Principle (AiP) for its amine absorption-based carbon capture & storage (CCS) system. The system uses absorption technology to mix carbon dioxide (CO2) flue gases with a proprietary amine solvent, which is the
ICS rolls out CII data collection system
The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c
CCS gives first approval for ship cyber security firewall
China Classification Society’s (CCS) Zhejiang Branch has issued the first type approval certificate of ship cyber security firewall to Supcon Ocean Technology (Zhejiang) Co.
Push for CCU and CCS inclusion in EU Net Zero Industry Act gains momentum
A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS) technologies in the European Union’s Net Zero Industry Act (NZIA) as strategic net-zero technologies. The joint statem
CE Delft: CII could cut EU shipping’s emissions by 30% if enforced correctly
A recent study, titled “CII and EU Maritime Decarbonization,” conducted by the research center CE Delft on behalf of the Environmental Defense Fund Europe, found that if European policymakers required ships to achieve top performance (A, B) in climate label Carbon Intensity Indicator (CII), ships co
Poseidon Principles align with IMO’s raised ambitions
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
China presents country’s first marine methanol fuel bunkering standards
China Petroleum Circulation Association (CPCA) and the China Entry-Exit Inspection and Quarantine Association (CIQA) have officially released China’s first group standards for methanol refuelling operations and quality control. The standards, ‘Marine Methanol Fuel Waterborne Refuelling Regulations’
PTP joins Malaysia-Australia decarbonization initiative to fuel maritime transformation
The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and Australia. The P4I project aims to spearh
UNCTAD: Up $28 bln extra required to decarbonize shipping
While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship
MPA inks three MoUs in China to support maritime digitalization and decarbonization
The Maritime and Port Authority of Singapore (MPA) has signed three Memorandum of Understanding (MoU) with regional maritime administrations and partners in China to advance collaboration on digitalization, decarbonization, talent development, and information exchange.
Bunkering ammonia not so dangerous after all?
Safety concerns surrounding ammonia bunkering and the design of ammonia-bunkering vessels are in the spotlight as the maritime industry explores ammonia as a potential green fuel. Despite ammonia’s well-known toxicity, it has been successfully transported as cargo on LPG ships in recent years. Now,
IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey
In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap se
Seafarers’ unions strike deal for a 6 pct pay hike
Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiate