Shipbrokers say the cost of the European Union’s new emission reduction efforts will likely be passed on to shippers
LONDON, U.K. (Reuters) — European Union marine fuel rules, effective from Jan. 1 as part of efforts to cut emissions, will raise shipping costs, although firms with vessels that can run on alternative fuels, such as biodiesel and liquid natural gas, will benefit, two shipbrokers said. The policy is the second major EU regulation focused […] Read moreTag Archives decarbonization
Industry faces fuel dilemma
HOUSTON (Reuters) — The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines are complicating the path to net zero, according to executives. Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industry, is being pushed to […] Read more
Sustainable aviation fuel funded in Man.
WINNIPEG (MarketsFarm) — The Manitoba government signed an agreement Dec. 19 to provide $2.9 million over two years to Azure Sustainable Fuel Corp. for its front-end engineering design study toward sustainable aviation fuel. “The agriculture sector plays an important role in creating sustainable decarbonization solutions that add value to Manitoba by growing revenue and employment. […] Read more
Cargill chartered ship tests wind power at sea
LONDON, U.K. (Reuters) — A Cargill chartered dry bulk ship is on its first voyage since being fitted with special sails, aiming to study how harnessing wind power can cut emissions and energy use in the shipping sector. The maritime industry, which accounts for nearly three percent of global carbon dioxide emissions, is under pressure from investors […] Read more
Cummins makes green turn
Making electrolyzers differs from Cummins’ core business of diesel engines, but it could become a significant source of company revenue. Electrolyzers are devices that use electricity to break the bond between hydrogen and oxygen in water, separating water into hydrogen and oxygen.
