Carbon capture and storage

INEOS’ Project Greensand to become first full-scale CO2 storage facility in EU

Led by INEOS Energy (the project's day-to-day operator) and in partnership with Harbour Energy and the Danish North Sea Fund (Nordsøfonden), Project Greensand is...

Poseidon Principles Annual Disclosure Report reveals progress towards IMO decarbonisation goals

Published this week, The Poseidon Principles' fifth Annual Disclosure Report has revealed the notable strides global shipping finance has made towards alignment with the International Maritime Organization's (IMO) ambitious 2023 Greenhouse Gas Strategy targets. Launched in 2019, The Poseidon Principles provide...

Top stories

CO2 shipping

GCMD report highlights key role of CO2 shipping in Asia-Pacific CCUS development

A joint study published today by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) has identified the transformative role of...

Veri Energy and 7CO2 sign CO2 shipping agreement

Veri Energy, the energy transition company, and 7CO2, the Severnside Carbon Capture and Shipping Hub, have signed a Memorandum of Understanding (MoU) to explore...

First LCO2 carrier delivered as part of Northern Lights project

The Northern Pioneer, the first of four planned liquefied CO2 carriers that have been ordered as part of the Northern lights project, is ready...

Carbon markets

Low-carbon fuels

MOL and KEPCO sign MoU for study of liquefied hydrogen transportation

Two Japanese companies, Mitsui O.S.K. Lines (MOL) and The Kansai Electric Power Company (KEPCO), have signed a memorandum of understanding (MoU) to...

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Ports and harbours

Value Group receives €2M for development of CO2 hub at Port of Rotterdam

The Rotterdam Energy Transition Fund ('ETF-R') has committed €2 million to accelerate the implementation of carbon capture technology operations at the Port of Rotterdam. The...

California to expand port emissions regulations from 1 January 2025

DNV has unveiled plans by the California Air Resources Board (CARB) to expand its 2020 At-Berth Regulation to include tankers and roll-on/roll-off (RoRo) vessels,...

Port of Rotterdam to reduce CO2 emissions with geofencing technology

The Port of Rotterdam is introducing a new Geofence system to facilitate Just-in-Time arrivals, which will deliver lower waiting times and reduce carbon emissions. The...

Europe

International

WPCAP to merge with IAPH to further decarbonisation initiatives

The World Ports Climate Action Program (WPCAP) will join the International Association of Ports and Harbours' (IAPH) Climate and Energy Committee to bolster work...

African economies will be impacted by maritime carbon tax, report claims

A new report by the Africa Policy Research Centre (APRI), the African Future Policies Hub (AFPH) and the London School of Economics has warned...

Pacific and Caribbean Islands nations call for universal carbon levy at IMO

The 6PAC+ alliance of Pacific Island and Caribbean nations have called upon the International Maritime Organisation (IMO) to enact a mandatory universal carbon levy...

INTERCARGO submits new proposals to IMO, urging CII review ahead of MEPC 82

The International Association of Dry Cargo Shipowners (INTERCARGO) has submitted proposals to the International Maritime Organization (IMO), calling for review of the Carbon Intensity...

Asia

GCMD report highlights key role of CO2 shipping in Asia-Pacific CCUS development

A joint study published today by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) has identified the transformative role of...

China requests carbon emissions data for expanded emissions trading system

Regulatory authorities in China are seeking increased data on CO2 emissions from overseas shipowners, which follows the EU's expansion of its emissions trading system...

Sustainable shipping

Maersk strengthens sustainable logistics partnership with Syngenta

The Danish shipping giant, Maersk, and the agricultural technology company, Syngenta Crop Protection, have announced the extension of their fourth-party logistics (4PL) partnership for...

Record high carbon emissions in ocean container shipping in Q3 2024

In Q3 2024 the Xeneta and Marine Benchmark Carbon Emissions Index (CEI) has reached a record high, caused by the Red Sea crisis, freight...

BIMCO’s Documentary Committee focuses on FuelEU Maritime and decarbonisation

On 9 October BIMCO's Documentary Committee (DC) met in Copenhagen to review ongoing drafting projects, in particular the work being undertaken to develop clauses...

Carbon regulations

Neste partners with Ahti Pool to seek revenue opportunities in FuelEU Maritime compliance pooling

Neste, the Finish sustainable fuel producer, has today signed a letter of intent to join Ahti Pool's FuelEU Maritime compliance pool, increasing Ahti Pool's...

BIMCO adds new carbon clause ready for FuelEU Maritime

With FuelEU Maritime regulations coming into effect from 1 January 2025, BIMCO, the world's largest maritime trade association, has added a new decarbonisation clause...

COP 29: Shipping leaders sign ‘historic agreement’ for action on zero-emission fuel standards

Over 50 stakeholders from across the maritime sector have signed a call for urgent action on developing the supply chain for hydrogen-based alternative fuels....

Insurance