Electric & Hybrid Marine Technology International ’s Post

Argus Media publishes FAQ on EU ETS inclusion of marine shipping With the EU including GHG emissions from marine shipping in its ETS starting 1 January 2024, Argus Media releases a FAQ to prepare ship owners and charterers before the new regulation kicks in. https://lnkd.in/gxtz_-Hd #bunkers #bunkering #maritime #shipping #marinefuel #marinefuels #bunkerindustry #bunkerfuel #imo2030 #imo2050 #sustainable #decarbonisation #decarbonization #marine #emissions #zeroemission #zeroemissions #maritimenews #maritimeindustry #maritimetransport #maritimesector #maritimeservices #shippingnews #shippingindustry #shipsandshipping #shippingworldwide #eu #europeanunion #euets #ghgemissions  #greenhousegas #environment #greenhousegasemissions

Bunker Holding welcomes EU’s 2040 climate target On February 6, the European Commission presented its proposal for a 90 percent emissions reduction target by 2040 as can be read here: https://lnkd.in/ecsTZJ3K Bunker Holding, being a crucial part of the maritime value chain, supplying roughly 10 percent of the global shipping fleet’s fuel, has a clear part to play in supporting the shipping industry in meeting the IMO's and EU's 2030, 2040, and 2050 reduction targets. As such, we welcome this communication and commitment from the EU, as it provides long-term investment security for us to engage in partnerships, last-mile delivery arrangements, facilities, and promise of prioritised supplies of alternative fuels to the shipping industry. Especially the fact that the Commission proposes that alternative fuels, including advanced biofuels and e-fuels, should be prioritised for the shipping sector. “Shipping is a hard-to-abate sector and the significant price gap between fossil and alternative fuels constitutes a barrier for uptake of the green fuels. While IMO remains the preferred regulator of global shipping, we welcome that the EU takes a firm stance by proposing a pathway to emission reduction, and we expect that the EU will be leading by example in the crucial negotiations ahead of us at IMO. Bunker Holding is fully committed to delivering on our promise of being the industry’s preferred partner in supplying the low- and zero-emission fuels of the future,” says Keld Rosenbæk Demant, CEO of Bunker Holding. We at Bunker Holding look forward to the tabling of concrete EU legislative proposals in the coming years and are determined to contribute to ensuring that shipping can deliver its part to decarbonisation. #BHG #Shipping #EUComission

To deliver on the goal of net zero emissions for shipping by 2050, IMO greenhouse gas regulations must rest on solid foundations. Liner shipping is committed to decarbonising quickly and efficiently, and to support this process the World Shipping Council (WSC) has published its first contribution to negotiations at IMO MEPC 81, with a paper outlining four cornerstones critical to an effective IMO GHG agreement. #bunkering #energy #shipping #marine #maritime #petroleum #shipowners #decarbonization #technology #digitalization #energytransition #sustainable #oilandgas #cleanenergy #carboncapture #ports #greenenergy #greenshipping #netcarbonzero #society #sustainability #bunkermarket #europe #usa #uk #canada #uae #netherlands #singapore #germany #sweden #norway #denmark #finland #belgium #worldshippingcouncil #wsc #imo #imoghg #mepc81 https://lnkd.in/dMpKTz3z

New proposal to IMO urges governments to ‘bite the bullet’ to meet net zero 2050 targets International Chamber of Shipping emphasises that delivery of IMO GHG reduction targets will only be plausible if governments ‘bite the bullet’ and adopt a maritime GHG emission pricing mechanism in 2025 for global implementation in 2027. https://lnkd.in/geaZU2MV #bunkers #bunkering #maritime #shipping #marinefuel #marinefuels #bunkerindustry #bunkerfuel  #imo2030 #imo2050 #sustainable #decarbonisation #decarbonization #marine #emissions #zeroemission #zeroemissions #alternativefuel #alternativefuels #maritimenews #maritimeindustry #maritimetransport #maritimesector  #maritimeservices #shippingnews #shippingindustry #shipsandshipping #shippingworldwide #imo

💧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

🚢 In the news: A survey of Reed Smith LLP clients revealed that transport professionals believe 100% sustainable fuels are more than 15 years away and that fossil LNG is the most likely transitional fuel over the next three to five years. More than a third of the up to 50 respondents thought that cost, sustainable energy and inadequate infrastructure were the major barriers to decarbonisation. Transportation partner Nick Austin, meanwhile, pointed to the fact that cost and regulatory restrictions were seen as having the biggest impact on the uptake of sustainable fuels: "“This reflects our experience in maritime decarbonisation, where companies are facing new costs, such as EU ETS, and a range of other initiatives such as the IMO’s Carbon Intensity Indicator (CII) which impose both an administrative and economic burden on vessels to reduce emissions.” 📰 Read the full story on Seatrade Maritime News: https://lnkd.in/eTRRvWyE #CMAShipping #Maritime #Sustainability

The EU's FuelEU Maritime regulation is shaking up the shipping industry with its ambitious emissions targets and focus on 'well-to-wake' assessments. But with navigating the regulatory maze proving a daunting task, companies are left wondering if they can keep up with the shift to sustainable fuels fast enough. While tools like zero44's calculator offer a lifeline, the playing field is tilting and market disadvantage looms large. This regulatory bombshell comes at a time when the global energy landscape is in chaos. Even with 'Net Zero' ambitions, economic backlash, infrastructure limitations, and critical mineral bottlenecks threaten progress. Oil and gas still cling to life, while 'clean' solutions come with their own set of challenges. Wisdom guides us to pursue ambitious goals while respecting the pace of technological advancement. Perhaps a balanced approach, where innovation and practicality walk hand-in-hand, will lead to the most sustainable progress. https://lnkd.in/d2rGsHzJ #shippingindustry #climatepolicy #sustainablefuels #netzero OCIMF (Oil Companies International Marine Forum)

Singapore-flagged vessels have reached a milestone in reducing carbon emissions with the launch of the Eagle Veracruz, a large crude carrier partially powered by cleaner liquefied natural gas (LNG). LNG-powered carriers like the new Eagle Veracruz are designed to minimise friction, enhance efficiency while sailing, and incorporate safeguards against methane gas leakage during storage. The main engine is also engineered to accommodate future retrofit options, ensuring adaptability when low or zero-carbon fuels become more economically viable. “Shipping must play a role in reducing its emissions and contribute to the fight against climate change,” emphasised Minister for Sustainability and the Environment Grace Fu. Moving towards achieving cleaner energy, Singapore aims to create sustainable maritime ecosystems by working with partners, establishing green and digital shipping corridors, and developing standards for future marine fuels like methanol, ammonia, and hydrogen. Read more about it: https://lnkd.in/g9B4-gpC Together, let’s embark on a #VoyageToProsperity towards a sustainable nation for our next generation. And beyond. #Geneco #GenecoSG

🚢 FuelEU Maritime: Navigating Compliance for Sustainable Shipping With the implementation of FuelEU Maritime on the horizon, companies in the maritime industry must prepare for the regulatory changes ahead. As of 1 January 2025, vessels trading within or calling at #EU/EEA ports must comply with stringent greenhouse gas (GHG) emission limits, driving the uptake of renewable and low-carbon fuels. Monitoring plans for vessels already calling at European ports must be submitted by 31 August 2024, emphasizing the urgency for proactive action within the industry. 📈 Opportunity Amidst Compliance While compliance may seem daunting, it presents an opportunity for innovation and sustainable growth. Companies can leverage this shift towards eco-friendly practices to enhance their competitiveness and reputation in the market. ✅ Key Considerations for Compliance To ensure compliance with FuelEU Maritime, companies need to: 1. Submit Monitoring Plans: Each vessel has a unique FuelEU Monitoring Plan that outlines emission sources, fuel types, and control strategies. 2. Stay informed. Keep track of developments, such as publishing the official EU template standard Monitoring Plan, which is scheduled by the end of June 2024. 3. Consider Sustainable Alternatives: Use approved biofuels, LNG, LPG, fuel cells, shore power, and wind-assisted propulsion to satisfy GHG emission targets. 4. Collaborate with Accredited Verifiers: Use classification societies and accredited third parties to verify plans and ensure compliance. 5. Establish comprehensive systems for continuous monitoring and reporting of fuel usage and emissions data. 🌍 Towards a Greener Future FuelEU Maritime signifies a pivotal step towards a more sustainable shipping industry. By proactively addressing compliance requirements and embracing eco-friendly practices, companies can not only meet regulatory obligations but also contribute to a cleaner, greener future for our oceans and planet. Reference: https://lnkd.in/eZ73KgNN #FuelEU #Maritime #Sustainability #Shipping #Compliance #RenewableEnergy #GreenShipping #Innovation #EcoFriendly #BusinessExpansion

The future of the global #green #ammonia industry for #netzero #shipping 22 February 2024 12:00-13:00 GMT Invitation to webinar Do you want to hear about how green ammonia could transform the shipping industry? This webinar will present findings on future scenarios of global ammonia production and ship fuelling. The United Nations International Maritime Organization (IMO) has a target to reduce greenhouse gas emissions in shipping by 50% by 2050. However, the IMO is being urged to adopt a net zero by 2050 target. This Sprint brought together experts in green ammonia production, shipping and transport infrastructure planning, climate mitigation and economic analysis to determine a pathway that industries and governments can follow to transition to green ammonia. Intended audience: stakeholders from industry, policymakers, shipping companies, port authorities, regulatory bodies, finance institutions, NGOs, researchers and other stakeholders working on decarbonisation in the shipping, energy and other closely related industries. Open event, all welcome.  Join us to hear about: The context around this research sprint The modelling and key results relevant to the intended audience Sensitivity analysis and the policy implications Extensions of the work And a Q&A. Read more, and register: https://lnkd.in/drsX4nBD