shipping

A new report from University Maritime Advisory Services, conducted on behalf of the non-profit Getting to Zero Coalition, suggests reaching full decarbonisation by 2050 could cost as much as $1.9 trillion

The vessel will be the first LNG ship to be added to the firm’s fleet of 30 ocean-going tankers

The new non-governmental body would ‘pave the way for decarbonisation of shipping’ and help develop clean propulsion technologies

The shipping giant says it expects the upgrade to improve vessel performance and reliability while reducing carbon emissions

ResearchAndMarkets highlights a compound annual growth rate of 13.2% between 2025 to 2030 will be driven largely by the “broad adoption” of fully electric passenger vessels and inland cargo ships

In a bid to cut red tape while maintaining environmental standards, the ambassadors of EU member states have agreed to update existing EU rules

The new requirement means all ships will have to cut the level of sulphur in their engine emissions to 0.5% or less, down from a current level of 3.5%

Fuel cell firm Bloom Energy and shipbuilder Samsung Heavy Industries have teamed up to further develop the technology, which converts gas into power through an electrochemical reaction

That’s the verdict delivered by Chairman of the Committee on Climate Change, who says emissions from aviation could be reduced by around a fifth by the mid-century

The businesses say the vessel will be powered by large-capacity batteries and will operate in Tokyo Bay