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#maritimeindustry #decarbonisation article from Fuels & Lubes Magazine - concerning Keynote address of Dr Sanjay C Kuttan CTO from Global Centre for Maritime Decarbonisation (GCMD)at Asian Lubricants Industry Association dinner in Singapore early November 2023. We agree with Dr Kuttan that "Decarbonising shipping requires a combination of solutions, there is no ‘silver bullet’, and the complete greening of the maritime supply chain requires all value chain stakeholders to play their roles." SulNOx Group PLC continues to play its role as a simple drop in transitional solution to help provide global #shippingindustry with IMMEDIATE #fuelsavings & #emissionsreduction - helping clients to save money & also move towards #netzero & #decarbonisation targets. Increasing numbers of shipping companies are evaluating SulNOxEco Diesel Conditioner & understanding its capabilities to help them reach challenging net-zero greenhouse gas (GHG) emissions by or around 2050, with indicative checkpoints for 2030 and 2040, reducing GHG emissions by at least 20% (striving for 30%) & 70% (striving for 80%), respectively. (All targets are compared to 2008 emission levels) For more technical information, literature, case studies & online fuel savings calculator just visit our SulNOx webpage: 👀👇 https://lnkd.in/d__xiD7 Ben Richardson Radu Florescu Constantine Logothetis Stuart Hall Nicholas Fairfax Brendan Daley Holger Guettinger Ing Gustavo Munoz MBA CLS STLE Jose Rojas Jiménez Colin Ford Rafe Britton Steve Noble Maximiliano Doweck larry parsons https://lnkd.in/ewu3fiFB

Sustainable shipping: Navigating the waters toward net zero   How is the global shipping industry changing tack and setting a sustainable new course for a net-zero future? Which alternative fuels are emerging as the low-carbon favorites among shipowners – LNG, green methanol, ammonia, biofuels or even electricity? And to what extent will the European Union’s Emissions Trading System and its FuelEU Maritime legislation overlap with regulations introduced by the International Maritime Organization? The global shipping industry is estimated to consume about 270 million tonnes of fuel per year, emitting 850 million tonnes of CO2 or about 2% of greenhouse gas emissions worldwide. The IMO unveiled a new target last year for the shipping industry to reach net-zero emissions by or around 2050 – an ambitious goal, to say the least. Unsurprisingly, emissions were very much in focus at the 81st session of the IMO’s Marine Environment Protection Committee (MEPC81), held in March, although no concrete decisions were made. At the next session, however – MEPC82 in October – the IMO aims to reach consensus on economic and technical measures to reduce emissions. Options on the table will include operational efficiency improvements, vessel and technology upgrades, and a shift to low-carbon and renewable fuels. You’ve probably heard the old maritime adage “between the devil and the deep blue sea”, which refers to the dilemma of having to choose between two equally unappealing options. Those who join us later this week for the May edition of Rystad Talks Energy will hear that the options to choose from are decidedly more alluring when it comes to the shipping industry’s energy transition. Rystad Talks Energy on 30 May will focus on shipping and the potential for reducing the industry’s environmental footprint. We are truly honored to be joined by Torben Nørgaard, Chief Technology Officer for Energy & Fuels at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, who will share his perspectives on the path that lies ahead for the shipping industry in the context of the energy transition. 

SHIPPING DECARBONIZATION - MEPC 82 advances, difficulties and actions to be taken The 82nd session of the MEPC was held between 30 September and 4 October. Among other environmental issues, the MEPC is responsible for mitigating GHG emissions. This session was preceded by a week of debates within the intersectional group for reducing these emissions. The main decisions concerned: the assessment of emissions; the charging of the most emissive ships; the life cycle of fuels; the acceptance of the study on potential impacts on States resulting from the measures, carried out by UNCTAD; a certification scheme with international acceptance to attest to compliance with environmental standards; applying the measures to ships with an GT equal to or greater than 400 or 5000; and instructions for the fifth IMO GHG STUDY, in order to find out the current state of total emissions and, using 2008 as a basis, to check how far the fleet is from meeting the targets set out in the IMO GHG 2023 STRATEGY [MEPC 377(80)]. The advances made were to migrate the emissions metric from the GFS (total annual emissions) to the GFI (emissions/energy generated), with the need to create a database and a GFI target to which each ship will compare its attained GFI, the preferential option for a flexible economic element, the consensus to apply the measures initially to ships with an GT of 5,000 or more, leaving those with 400GT for a later stage, and the finalisation of the instructions for the fifth IMO GHG STUDY. The use of the UNCTAD study on the issue of potential impacts generated controversy among the representatives of the Member States, which meant that it was not accepted by some countries, including Brazil, due to the alleged lack of academic rigour in the analysis, and the proposal to assess food security emerged as an alternative or complement to the necessary impact assessment before adopting the measures. The certification scheme and the finalisation of the life cycle guidelines still merit further research. Finally, the recognition of biofuels as contributors to the emissions mitigation strategy and the consensus that the operational energy efficiency approach, through the Carbon Intensity Indicator (CII), will play an important role in the complementary assessment to the awarding/penalisation of vessels. Given the complexity inherent in the IMO's mission to decarbonise a sector that transports more than 80% of the world's cargo, which has many specificities in terms of types/sizes of ships, cargoes transported and different routes, we can say that MEPC 82 has fulfilled its task of taking forward the definition of the basket of measures that aims to deliver net zero GHG emissions from ships by 2050. Capt(rtd) Fernando

💧Navigating the Future: Transitioning to Sustainable Fuels in Maritime Shipping ⚡Check out our first article of a new series about the developments of alternative fuels within maritime shipping: https://lnkd.in/eFRtAUtm Facing stringent regulations and new incentives from the Fit for 55, FuelEU and ETS, the maritime shipping sector is being forced to curb its greenhouse gas emissions, shifting away from the use of Heavy Fuel Oil (HFO), 🛢 in pursuit of environmental protection 🌳 Due to the vast scope of #alternative fuels within the maritime shipping industry, this article serves as an introduction to what will become a series of articles, 🔍 exploring in-depth the challenges of adopting alternative fuels such as ammonia, methanol, LNG and hydrogen. Thank you Alessandro Peretto for your contribution to this article. #maritime #shipping #fuelEU #ammonia #hydrogen #ports #alternativefuels #article

🌊🌿 The maritime transport sector, responsible for around 90% of global trade, is taking significant steps toward sustainability. With its contribution to approximately 3% of global greenhouse gas emissions (Forecasted to increase to 10-11% by 2050), the industry faces a critical need to reduce its environmental footprint. Our latest blog explores innovative solutions and collaborative efforts in the maritime industry, including: - Adoption of alternative fuels like LNG, biofuels, and ammonia - Energy efficiency improvements through hull design optimization and wind-assisted propulsion - Digitalization and operational measures to enhance route planning and speed optimization Learn more here: https://lnkd.in/eccTQBHB #Sustainability #MaritimeTransport #GreenShipping #Innovation #Collaboration #EnvironmentalImpact

ENVIRONMENTAL: World Shipping Council updates #netzero regulatory measure to bridge fuel price gaps Following consultation with #IMO member nations and other stakeholders, the World Shipping Council (WSC) has further developed the Green Balance Mechanism, a regulatory measure designed to ensure that #shipping meets its net-zero goal by 2050 in an efficient, just and equitable way. According to the organization, over 60% of new #container and #vehicle carrier vessels for delivery by 2030 will be ready to use the greenest fuels. However, these fuels are scarce and several times more expensive than fossil fuels, the #WSC says. Its #GreenBalanceMechanism aims to bridge the price gap, making green fuels competitive with fossil fuels.  The Green Balance Mechanism has been designed to encourage immediate investment in the greenest fuels and #technologies, jump-starting the energy transition in a cost-efficient manner. It provides incentives for fuel producers and shipowners to invest in advanced technologies now, avoiding costly incremental changes. Joe Kramek, president and CEO of the WSC, commented, "For shipping’s energy transition to take place, green #maritimefuels must be available at scale, requiring billion-dollar investments by energy producers. For these investments to occur, the IMO must adopt regulations that not only increase #fossilfuel prices but also make green fuels a viable alternative. Only then will there be a strong enough market for green maritime fuels to stimulate the necessary levels of investment in green fuel production and renewable energy." Read more here: https://lnkd.in/eWjUGkkc #Marine #Maritime #Electrification #Decarbonization #Sustainability #Environment #Technology #Transportation #EHMExpo #EHMXNA #ukimediaevents

REGULATION: International Chamber of Shipping presents revised proposal for #emissions fee and green fuel pricing incentivization Working with the governments of #Bahamas and #Liberia, the International Chamber of Shipping (#S) has presented a comprehensive new proposal to ensure delivery of the UN International Maritime Organization’s (IMO) ambitious target to achieve #netzero greenhouse gas (GHG) emissions from international shipping by or around 2050. Guy Platten, ICS secretary general, commented, “It is time for governments ‘bite the bullet’. Unless a distinct GHG pricing mechanism and feebate program are included in the IMO regulations adopted next year, we genuinely fear that shipping’s transition to net zero by or around 2050 will be unlikely to succeed.” Read more here: https://lnkd.in/erWShY9D #Marine #Maritime #Electrification #Decarbonization #Sustainability #Environment #Technology #Transportation #EHMExpo #EHMXNA #ukimediaevents

The maritime transport sector, handling 90% of global trade, is working to become more sustainable. Currently responsible for 3% of global greenhouse gas (GHG) emissions, this could rise to 10-11% by 2050. In my latest blog, I look into: ▶️ Why shipping, while generally more environmentally friendly than air or road transport, still needs to become greener ▶️ Alternative fuels like LNG, biofuels, and ammonia ▶️ Energy efficiency through new designs and wind-assisted propulsion ▶️ Digital tools for better route planning and efficiency Read more by visiting the link in the SCM Globe post. #supplychain #logistics #Sustainability #MaritimeTransport #GreenShipping #Innovation

UBS's takeover of Credit Suisse introduced a large shipping loan portfolio with a significant carbon footprint, spotlighting the financial sector's power and responsibility in steering the global economy towards sustainability and decarbonization. Read more from Stephen below 👇 ---------- Terra Natural Capital is a dedicated environmental commodities investment company. We are focused on providing the critical capital investment needed to deliver carbon projects across the globe that service the next generation of carbon markets. Reach out today to learn more about our high quality carbon credits, or if you’re a like-minded investor or low carbon project developer. #carbonmarkets #carbonoffsetting #carboncredits #voluntarycarbonmarkets

LNG-Powered Vessels: A Sustainable Revolution in Shipping LNG-powered vessels are at the forefront of a new era in maritime transport, offering a cleaner, more sustainable alternative to traditional marine fuels. Liquefied Natural Gas (LNG), when used as a fuel, significantly reduces harmful emissions of sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter, aligning with global environmental regulations set by the International Maritime Organization (IMO). What is LNG? LNG is Liquefied Natural Gas, a fuel that is gaining traction across various industries, especially in shipping. Cooling natural gas to a liquid state reduces its volume, making it easier to store and transport. In shipping, LNG allows for more efficient, cleaner combustion, reducing the environmental impact of large vessels that cross our oceans daily. Cargo Capacity and Efficiency LNG-powered vessels, including ultra-large container ships, offer similar cargo capacity to traditional vessels while maintaining high environmental efficiency. Although the integration of LNG storage tanks may use some cargo space, the benefits of operational efficiency and emissions reduction far outweigh the minor capacity trade-offs. This means shipping companies can continue to move goods at scale while meeting stricter environmental standards. Who is Leading the Way? Several major shipping companies have already embraced LNG, including: - CMA CGM - MSC - Hapag-Lloyd - Maersk These companies are building or retrofitting vessels to run on LNG, staying ahead of the curve in environmental compliance and market demands for greener operations. CMA CGM: A Pioneer in LNG Shipping Among these leaders, CMA CGM stands out as a pioneer. In 2020, the company launched CMA CGM Jacques Saadé, the world’s first LNG-powered ultra-large container vessel with a capacity of 23,000 TEUs. This groundbreaking move not only set a new industry standard but also aligned with CMA CGM’s broader commitment to environmental sustainability. With a clear goal of achieving carbon neutrality by 2050, CMA CGM is expanding its LNG-powered fleet as part of a comprehensive strategy to reduce its carbon footprint and lead the shipping industry into a greener future. The Future of LNG in Shipping LNG-powered vessels are not just a step toward reducing emissions; they are a crucial part of the industry’s long-term sustainability strategy. While LNG is not entirely carbon-free, it offers significant reductions in greenhouse gases compared to traditional marine fuels. As new technologies emerge, such as hydrogen and ammonia-powered vessels, LNG will continue to play a key role in the transition toward zero-emission shipping. As the shipping industry moves toward a more sustainable future, LNG-powered vessels will remain central to achieving global emissions targets. CMA CGM and other leaders are setting the course, demonstrating how innovation and sustainability can go hand in hand in global trade.