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Rules & Regulation

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ClassNK
Rules & Regulation

ClassNK: 80 million gt of zero-emission ships needed annually by 2040 to meet IMO targets

The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco

about 3 years ago
Inditex teams up with Maersk to cut seaborne emissions
Rules & Regulation

Inditex teams up with Maersk to cut seaborne emissions

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Global fashion giant Inditex, the parent company of renowned brands like Zara and Massimo Dutti, has joined forces with Maersk to reduce its carbon footprint in global seaborne logistics. The partnership aims to incorporate alternative, eco-friendly fuels into all inbound routes through Maersk’s ECO

about 3 years ago
Romania approves Maritime Spatial Plan
Rules & Regulation

Romania approves Maritime Spatial Plan

Romanian ministries have prepared a draft emergency ordinance with which the Maritime Spatial Plan (MSP), a strategic planning document identifying the spatial and temporal distribution of current and future activities and uses within Romanian waters, is approved. Romania’s Ministry of Environment a

about 3 years ago
BIMCO
Rules & Regulation

BIMCO: New CII clause for voyage charter adopted

BIMCO, the world’s largest international shipping association, has adopted a new CII clause for voyage charter parties to support the industry’s decarbonization path.

about 3 years ago
Illustration; Source: QatarEnergy
Rules & Regulation

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

about 3 years ago
Repair yard shortage puts maritime energy transition at risk
Rules & Regulation

Repair yard shortage puts maritime energy transition at risk

A shortage of repair yards with experience in conversions may hinder the take up of alternative fuel technology by the existing fleet, according to the findings from LR’s new Engine Retrofit Report. The report has identified that retrofitting a significant number of the 9,000 and 12,900 large mercha

about 3 years ago
European Commission ends shipping consortia antitrust exemption
Rules & Regulation

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

about 3 years ago
container shipping
Rules & Regulation

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

about 3 years ago
Push for CCU and CCS inclusion in EU Net Zero Industry Act gains momentum
Rules & Regulation

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

about 3 years ago
MAMII picks two methane measurement firms to carry out pilot studies
Rules & Regulation

MAMII picks two methane measurement firms to carry out pilot studies

Safetytech Accelerator, a non-profit established by Lloyd’s Register, in collaboration with CoolCo, MOL and Shell International Trading and Shipping Company Limited, has chosen Green Instruments and Everimpact as the first two technology providers to be evaluated by the flagship Methane Abatement in

about 3 years ago
In focus: Is natural gas crucial element of energy transition?
Rules & Regulation

In focus: Is natural gas crucial element of energy transition?

With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
ammonia
Rules & Regulation

Maritime stakeholders call for safe ammonia use

Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,

about 3 years ago
Lease agreement in for North Sea carbon capture and storage project
Rules & Regulation

Lease agreement in for North Sea carbon capture and storage project

The UK’s Crown Estate has awarded an agreement for lease for what could become one of the world’s largest carbon capture and storage (CCS) projects. The agreement for lease will allow BP, as the lead operator, to further progress the planned Endurance CCS project, a reservoir in the North Sea that w

about 3 years ago
Carbon Clean
Rules & Regulation

Carbon Clean and Samsung Engineering forge alliance on onboard carbon capture solutions

London-based carbon capture company Carbon Clean has joined forces with Korean construction and project management company Samsung Engineering Co. (SECL) to explore opportunities for onboard carbon capture solutions projects. The two companies have formalized a Joint Development Agreement (JDA) and

about 3 years ago