Amogy’s Post

Today's global shipping news highlights several significant developments: 1. **Greenhouse Gas Emission Strategy**: The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has adopted a revised strategy to significantly reduce greenhouse gas emissions from international shipping. The goals include a 20-30% reduction by 2030 and a 70-80% reduction by 2040, compared to 2008 levels. This strategy involves both technical and economic measures, such as a phased reduction in the GHG intensity of marine fuels and a GHG emissions pricing mechanism [UN News] 2. **Cape Route Traffic**: The maritime charity Stella Maris is setting up facilities to support the increasing number of ships using the Cape Route around South Africa, as more vessels opt for this path due to various geopolitical and economic factors [Shipping News - The Maritime Executive] 3. **Hydrofoiling Electric Ferry**: Red Funnel, a UK ferry operator, plans to launch the first hydrofoiling electric high-speed ferry in 2025. This innovative vessel aims to provide emission-free travel, contributing to sustainable maritime transport [Shipping News - The Maritime Executive] 4. **Container Shipping Market**: The container shipping sector is experiencing a significant increase in new vessel deliveries, contributing to a capacity surge. Despite a decline in charter rates from their pandemic highs, rates remain above pre-pandemic levels, and long-term contracts have cushioned the fall in profitability for major liners [Global container shipping outlook] 5. **Hydrogen-Fueled Tanker**: A Japanese project has reached a milestone in designing a hydrogen-fueled tanker, marking a step forward in the adoption of alternative fuels in shipping [Shipping News - The Maritime Executive] These updates reflect ongoing efforts to enhance sustainability and efficiency in the global shipping industry while addressing current market dynamics and technological advancements.

𝗖𝗮𝗿𝗯𝗼𝗻 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗼𝗻 𝘁𝗵𝗲 𝗛𝗼𝗿𝗶𝘇𝗼𝗻: 𝗦𝘁𝗲𝗲𝗿𝗶𝗻𝗴 𝗠𝗮𝗿𝗶𝘁𝗶𝗺𝗲 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 Key Points: - Imminent Change: The maritime shipping industry is set to face carbon pricing, a move aimed at curbing emissions and aligning the sector with global climate goals. - Economic Impact: Carbon pricing could lead to increased operational costs for shipping companies, but it also presents an opportunity for innovation and investment in cleaner technologies. - Incentivizing Decarbonization: The introduction of carbon pricing is expected to incentivize the adoption of low-carbon fuels and energy-efficient practices across the maritime industry. - Global Collaboration: Effective carbon pricing in maritime shipping will require global cooperation and harmonized regulations to ensure a level playing field and avoid market distortions. https://lnkd.in/gQtbD-52 #CarbonPricing #MaritimeShipping #SustainableShipping #Decarbonization #ClimateAction #CleanEnergy #GreenShipping #EmissionsReduction #LowCarbonFuels #ShippingIndustry #GlobalCollaboration #EnvironmentalSustainability #ShippingRegulations

Maritime transport on course for net zero 🚢 🛳 💪 With a carbon footprint that accounts for 3% of worldwide greenhouse gas emissions, maritime transport is as polluting as air transport or the whole of Germany. However, cargo transport – 80% of which is by sea – still outperforms every other transportation system. The decarbonisation of shipping is therefore crucial. The UN, EU, national governments and other key players in the sector (shipowners, shippers, ports, etc.) are working together to accelerate maritime transport’s environmental transition. Learn more through some VINCI Energies projects! Actemium #decarbonation #maritime #ops #electricalboat

𝗖𝗮𝗿𝗯𝗼𝗻 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗼𝗻 𝘁𝗵𝗲 𝗛𝗼𝗿𝗶𝘇𝗼𝗻: 𝗦𝘁𝗲𝗲𝗿𝗶𝗻𝗴 𝗠𝗮𝗿𝗶𝘁𝗶𝗺𝗲 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 Key Points: - Imminent Change: The maritime shipping industry is set to face carbon pricing, a move aimed at curbing emissions and aligning the sector with global climate goals. - Economic Impact: Carbon pricing could lead to increased operational costs for shipping companies, but it also presents an opportunity for innovation and investment in cleaner technologies. - Incentivizing Decarbonization: The introduction of carbon pricing is expected to incentivize the adoption of low-carbon fuels and energy-efficient practices across the maritime industry. - Global Collaboration: Effective carbon pricing in maritime shipping will require global cooperation and harmonized regulations to ensure a level playing field and avoid market distortions. https://lnkd.in/e9G6NGHW #CarbonPricing #MaritimeShipping #SustainableShipping #Decarbonization #ClimateAction #CleanEnergy #GreenShipping #EmissionsReduction #LowCarbonFuels #ShippingIndustry #GlobalCollaboration #EnvironmentalSustainability #ShippingRegulations

The Clean Maritime Plan is the Environment Route Map of Maritime 2050, setting out in more detail how Government sees the UK’s transition to a future of zero emission shipping. • In 2050, zero emission ships are commonplace globally. The UK has taken a proactive role in driving the transition to zero emission shipping in UK waters and is seen globally as a role model in this field, moving faster than other countries and faster than international standards. As a result, the UK has successfully captured a significant share of the economic, environmental and health benefits associated with this transition. • By 2025 we expect that: i. All vessels operating in UK waters are maximising the use of energy efficiency options. All new vessels being ordered for use in UK waters are being designed with zero emission propulsion capability. Zero emission commercial vessels are in operation in UK waters. ii. The UK is building clean maritime clusters focused on innovation and infrastructure associated with zero emission propulsion technologies, including bunkering of low or zero emission fuel. • By 2035 we expect that: iii. The UK has built a number of clean maritime clusters. These combine infrastructure and innovation for the use of zero emission propulsion technologies. Low or zero emission marine fuel bunkering options are readily available across the UK. iv. The UK Ship Register is known as a global leader in clean shipping and the UK is home to a world-leading zero emissions maritime sector, with: a. a strong UK export industry b. cutting-edge research and development activities c. the global centre for investment, insurance and legal services related to clean maritime growth.

🌍 The EU is driving the shift towards greener shipping with FuelEU Maritime, setting ambitious GHG reduction targets for 2025, 2030, and 2050. But what does this mean for the maritime industry? 💡 Learn about the compliance requirements, explore sustainable fuel options, and understand the long-term impacts on the maritime sector. Get your business ready for a greener, more sustainable future. 👉 Read more: https://lnkd.in/eifmEgqt #Regulations #Maritime #FuelEU #GHG

The clock is ticking, and the maritime industry is at a critical crossroads. Global shipping cannot successfully transition without widespread alternatives to ship bunker fossil fuels. It's imperative that the International Maritime Organization and its member states agree on making green maritime fuels as affordable as fossil fuels.   At Maersk, we believe achieving this requires bold steps: implementing a global maritime fuel standard and a pricing mechanism that ensures price parity, levels the playing field, and supports large-scale green fuel projects.   Shipping lines, through the World Shipping Council, have proposed a Green Balance Mechanism (GBM), which we support. Based on the life cycle analysis of the fuel, it proportionally rewards the use of green fuels and disincentivizes fossil fuels, closing the price gap from the outset without causing major inflationary disruptions.   Additionally, the GBM establishes a fund to support a just transition, particularly benefiting developing nations by facilitating their energy transition without disproportionate burdens. This approach fosters a global leap towards sustainable maritime energy use.   Governments at the IMO have only 6 months to a reach consensus on effective measures that will make green energy projects bankable in the short term, and we urge them to make tangible progress at MEPC82 meeting taking place in just a few days. By doing so, they will enable cargo owners to reduce scope 3 emissions on time and move the sector forward. It is crucial that these measures will be finally adopted in 2025.

We would like to see more initiatives like that or higher amounts invested in the development of those green corridors and green vessels as the construction of a green-fuel container ship costs an average of $175 million.

The FuelEU Maritime regulation is here and it's set to transform the shipping industry. But what does it mean for you? 🧐 In short, it signals a new era of decarbonisation, requiring shipowners and operators to rethink their approach to fuel efficiency and emissions. If you're looking to get up to speed on what FuelEU Maritime means for your business, we've got you covered. Our latest article breaks down the key points and explains how digital solutions can help you navigate this shift with confidence. Read the full article here: https://lnkd.in/gCYsuWbX #FuelEU #Decarbonization #Maritime #ZeroNorth

𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐛𝐨𝐝𝐢𝐞𝐬 are calling for a 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐩𝐥𝐚𝐧 to decarbonize the 𝐬𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲, urging the 𝐔𝐊’𝐬 𝐦𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐦𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐌𝐢𝐤𝐞 𝐊𝐚𝐧𝐞 to prioritize this initiative. 𝐓𝐡𝐞 𝐔𝐊 𝐂𝐡𝐚𝐦𝐛𝐞𝐫 𝐨𝐟 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠, along with seven other maritime trade bodies including the 𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐏𝐨𝐫𝐭𝐬 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐂𝐫𝐮𝐢𝐬𝐞 𝐋𝐢𝐧𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥, have signed a letter emphasizing the need for a successor to the 𝐂𝐥𝐞𝐚𝐧 𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐏𝐥𝐚𝐧. They advocate for a strategic framework that will guide the maritime sector in reducing emissions and achieving net zero, highlighting the substantial investments already being made in emission reduction technologies and infrastructure. The groups stress that the government's support is crucial to providing the confidence needed for continued private sector investment. They propose a technology-neutral approach and a multi-year strategy aligned with the 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧'𝐬 𝟐𝟎𝟐𝟑 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲, aimed at bolstering the UK's position as a leader in maritime decarbonization. The urgency of this initiative is reinforced by the IMO's ambitious greenhouse gas targets for 2030. #MaritimeDecarbonization #ShippingIndustry #CleanMaritimePlan #UKChamberOfShipping #SustainableShipping #NetZero #EmissionReduction #MaritimeMinister #IMO2023 #GreenShipping #UKMaritime #MaritimeTradeBodies #ClimateAction #GreenhouseGasReduction #SustainableMaritime #FutureOfShipping NC: Offshore Energy