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Specific regulation is driving the adoption of alternative-fuel harbour craft in some regions— for example, Singapore has banned new fossil fuel harbour craft from 2030, mandating full biofuel or net zero fuel compatibility by the deadline.
An increased call for Environmental, Social and Governance (ESG) reporting has led to more shipping partnerships and a greater drive for data verification and standardisation.
The Oil and Gas Climate Initiative (OGCI) brings together 12 leading oil and gas operators to target net-zero emissions in their own operations. Now it has turned its sights downstream, with a lead role in the REMARCCABLE (Realizing Maritime Carbon Capture to demonstrate the Ability to Lower Emissions) Project. Bjorn Otto Sverdrup, chairman of OGCI’s executive committee, tells Leadership Insights why shipping emissions are a crucial piece of the puzzle.
What can ship operators learn from their airborne counterparts as they address evident safety issues around the transport of lithium-ion batteries?
• New report highlights that there is changing attitudes towards the fuels of the future from industry leaders but reliance on fossil fuels remains high without global political and regulatory clarity. • Newly published report from the International Chamber of Shipping (ICS) – The ICS Maritime Barometer Report 2022-2023 - shows that clear direction from governments is needed to accelerate the green energy transition. • Political instability, financial instability and cyber-attacks among top risks identified.
The Philippines and Indonesia, which are home to just under 21% of the world’s crew members, are taking action to support their seafarers in developing modern skill sets as shipping decarbonizes.
The International Court of Justice (ICJ) will publish advice on the climate obligations of states and the legal consequences for those failing to meet their responsibilities, following a request from the UN General Assembly.
To take advantage of the social and economic benefits of shipping’s green transition, African maritime leaders are being encouraged to implement infrastructure to train and upskill seafarers.
Seven of the world’s biggest economies have reaffirmed their commitment to more stringent emission targets for international shipping. The G7 Ministers’ Meeting on Climate, Energy and Environment on April 15-16 noted the group’s common aim of working towards an IMO greenhouse gas (GHG) target of net-zero emissions by 2050, with new intermediate targets in 2030 and 2040.
As recently as December 2022, the UAE was listed as the country with the highest incidence of abandonment in the world - ICS recorded 29 such cases during the course of the year. Fast forward less than four months and welfare groups have noted, despite increasing prevalence worldwide, a significant drop in the number of UAE cases, with just one case reported in the first quarter of 2023.