S&P Global’s Post

Wärtsilä is seeing the “green” premium between sustainable and fossil-based marine fuels to diminish in 2035. This could mainly depend on carbon taxes rather than falling production costs of green fuels, though. And making fuels more expensive is not without political risks. #shipping #decarbonization #bunker

An interesting article on the path to shipping's lower carbon future and the fuels that will be used (including methanol) to get there. https://lnkd.in/enXY2Mpg #greenshipping #methanol #cleanfuel #cleanenergytransition

Next week, ENGINE News Managing Editor, Erik Hoffmann, will be joining a line up of expert speakers at an event hosted by Freight Investor Services in Athens. In the context of managing risk for shipping players, Erik will deliver a special presentation looking at alternative fuels towards 2030, providing insights on key areas: ▪️ Biofuel bunker blends are getting more widespread, but major challenges persist related to feedstocks and sustainability documentation ▪️ Gas looks good on price and availability, for now ▪️ E-fuels are still held back by limited power-to-x capacity, but you will not necessarily need that much of it per ship initially ▪️ The EU ETS has so far just been a carbon tax without being a fuel switching trigger for EU-trading ships. Can FuelEU Maritime come to the rescue for decarbonisation? If you would like to catch up with Erik before, during or after the event, please reach out to him directly, or, follow this link to find out more: https://lnkd.in/eRGvRAZC #shipping #maritime #decarbonisation #alternativefuels #riskmanagement

Your fleet’s future depends on this. Are you fuel-efficient enough? The FuelEU Maritime initiative is set to bring important changes to fuel regulations in the maritime industry. This new measure, part of the EU’s Green Deal, aims to reduce the carbon footprint of shipping by encouraging the use of low-emission fuels. 🔍 What does this mean for you? Compliance: ⬇️ From 2025, ships over 5,000 gross tonnage must meet strict greenhouse gas (GHG) limits. To avoid penalties, operators need to adjust their fuel strategies now. Fuel Choices: ⬇️ Traditional heavy fuels will become less popular. Biofuels, LNG, and other eco-friendly alternatives will take their place. Port Infrastructure: ⬇️ Ports will need to support these changes by offering shore-side electricity and alternative refueling options. 💡 Why act now? By preparing early, your business can avoid future issues and take advantage of the opportunities created by these new regulations. For more detailed information on how FuelEU Maritime could affect your operations, check out the full article by NorthStandard here: https://lnkd.in/gHbcccF4 Share this post to spread the word about the FuelEU Maritime initiative. #sustainability #maritimeinnovation #ecofriendly #marineindustry #decarbonization #greenshipping #FPOilStop

A.P. Moller - Maersk has announced a long-term bio-methanol offtake agreement with LONGi Solar. This partnership will significantly reduce GHG emissions from Maersk's dual-fuel methanol container vessels. Full highlights, ↗ https://shorturl.at/rBP5b COO Rabab Boulos highlights the importance of bio- and e-methanol as key alternative fuels and urges the International Maritime Organization to establish a global green fuel standard. With this agreement, Maersk is set to meet over 50% of its dual-fuel methanol demand by 2027. Emma Mazhari, Head of Energy Markets at Maersk, notes the growing momentum for methanol projects globally, with China leading the charge. The bio-methanol will be produced sustainably from residues in Xu Chang, achieving a 65% reduction in lifecycle GHG emissions compared to fossil fuels. #DSTnews #DST #DailyShippingTimes #Shippinglines #SustainableShipping #SustainableLogistics #CargoCarriers #Oceancarriers

ICS proposes GHG fee to meet IMO 2050 target The International Chamber of Shipping (ICS) has presented a revised proposal to International Maritime Organization (IMO) that would introduce payments for greenhouse gas (GHG) emissions Working with the governments of the Bahamas and Liberia, ICS has presented a revised proposal for carbon pricing to "ensure delivery" of IMO’s long-term target of achieveing net-zero GHG emissions from international shipping by or around 2050. At the heart of this proposal is a fee charged to ships per tonne of CO2 equivalent emitted, combined with a so-called "feebate" mechanism to incentivise the accelerated production and uptake of zero/near-zero GHG marine fuels, such as green ammonia, hydrogen and methanol, sustainable biofuels, and new technologies such as onboard carbon capture. The principal purpose of the proposed maritime GHG pricing mechanism is to narrow the significant cost gap with conventional marine fuels. Around US$2.5Bn per year would also be allocated to a dedicated net-zero shipping fund to support maritime GHG reduction efforts and the ongoing energy transition in developing countries. Click on the following for the full article..

Industry calls for technology-open approach for CO2 standards revision [Promoted content]: As more organisations, companies and even governments join the call to accelerate the revision of the EU’s CO2 emission standards regulations, the Policy Director of the European Biodiesel Board (EBB), Domenico Mininni, sets out what such a revision should look like. The key principle: technology openness.

A.P. Moller - Maersk signs Long-Term #Methanol Sourcing Deal with LONGi Solar, to supply its Ocean Fleet. “Bio- and e-#methanol continues to be the most promising alternative #shipping #fuels to scale up in this decade, and the agreement with LONGi Solar serves as a testament to this. Global shipping’s main net-zero challenge is the price gap between fossil fuels and the alternatives with lower greenhouse gas emissions. We continue to strongly urge the International Maritime Organization’s member states to level the playing field by adopting a global green #fuel #standard and an ambitious pricing mechanism which the industry urgently needs,” says Rabab Boulos, Chief Operating Officer, A.P. Moller - Maersk. The agreement will contribute to #lowering GHG #emissions from Maersk’s growing fleet of dual-fuel #methanol #container #vessels.

🌍🚢 Exciting News from A.P. Moller - Maersk 🚢🌍 We are thrilled to announce that Maersk has signed a long-term methanol sourcing deal with LONGi Solar. This partnership marks a significant step forward in our commitment to reducing emissions and leading the way in the de-carbonisation of logistics. At Maersk, we understand the critical importance of sustainability and are proud to be at the forefront of creating a greener future for our industry. This agreement with LONGi not only supports our ambitious environmental goals but also sets a new standard for sustainable practices in global logistics. Together, we are making strides towards a cleaner, more sustainable world. 🌱💚 #Sustainability #GreenLogistics #Decarbonisation #Maersk #LONGi #CleanEnergy #FutureForward #LogisticsLeaders #EnvironmentalImpact #SustainableShipping #AllTheWay #AllTheWayToZero #Logistics #SupplyChain

Wow.This new agreement marks a significant milestone in the maritime industry's shift toward sustainable fuels, reinforcing Maersk's leadership in environmental responsibility and innovation. By sourcing bio- and e-methanol, you are taking concrete steps to lower greenhouse gas emissions and address the industry's core sustainability challenge,the cost disparity between traditional and green fuels. Rabab Boulos’s call for a global green fuel standard and pricing mechanism underscores the importance of international collaboration to create a fair playing field and accelerate the transition to net-zero shipping. This partnership with LONGi Solar represents a bold commitment to a cleaner future for global trade, setting an inspiring example for others in the industry.Hongera sana!A.P. Moller - Maersk #enviroment #sustainability