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The wind required by shipping to produce its renewable fuels could be hampered after a new report revealed that supply chain issues and turbine operations were major challenges to wind production.
It already keeps buildings cool, purifies water, bolsters agricultural yields and is one of seven base ingredients from which all chemical products are made, from plastics to textiles to medicines.
As Oman ramps up production of green hydrogen, ammonia and methanol in pursuit of lofty production targets, the Sultanate is eyeing bunkering as an offtaker for its green fuels.
One of the world’s leading methanol suppliers has highlighted a gap between expected production of green methanol, derived from renewable hydrogen and captured carbon, and the number of ships expected to be delivered with capability to use the carbon-neutral fuel.
Least Developed Countries (LDCs) will only be able to reap their vast potential to become knowledge-based manufacturing hubs for the green transition with a major realignment of national and international investor interests, according to Rebecca Grynspan, Secretary General of the United Nations Conference on Trade and Development (UNCTAD).
• The International Chamber of Shipping (ICS) and the International Bunker Industry Association (IBIA) have joined forces to submit a proposal for a simplified Global GHG Fuel Standard for the next round of International Maritime Organization (IMO) greenhouse gas negotiations. • The ICS/IBIA proposal provides for a crucial streamlined voluntary “energy pooling compliance mechanism” to address the possibility of fuel producers being unable to supply new fuels in sufficient quantities. • To ensure agreement at IMO by 2025, industry’s simplified approach will minimise administrative burden for governments, especially for developing countries, whose support will be vital to taking the fuel standard forward globally.
Agenda: REVIEW OF THE 2014 GUIDELINES FOR THE REDUCTION OF UNDERWATER NOISE FROM COMMERCIAL SHIPPING TO ADDRESS ADVERSE IMPACTS ON MARINE LIFE (MEPC.1/CIRC.833) (2014 GUIDELINES) AND IDENTIFICATION OF NEXT STEPS. Submitted by ICS, BIMCO, INTERTANKO and IPTA
Agenda: AMENDMENTS TO THE GUIDELINES FOR CONSTRUCTION, INSTALLATION, MAINTENANCE AND INSPECTION/SURVEY OF MEANS OF EMBARKATION AND DISEMBARKATION (MSC.1/CIRC.1331) CONCERNING THE RIGGING OF SAFETY NETTING ON ACCOMMODATION LADDERS AND GANGWAYS. Submitted by Denmark, Kingdom of the Netherlands, ICS, IAPH, BIMCO, IMPA, IFSMA and IHMA
• New study by the University of Southampton, commissioned by the International Chamber of Shipping, highlights synergies between the implementation of energy efficiency measures and reduction of underwater radiated noise (URN). • In July this year the Marine Environment Protection Committee (MEPC 80) endorsed revised non-mandatory International Maritime Organization (IMO) guidelines on the reduction of URN that applies to new and existing ships. • Shipowners and the environment can co-benefit by reducing underwater radiated noise.
2023 continues to be a year of turmoil in international supply chains. The after-effects of COVID congestion are compounded by geopolitical tension, regional conflict and the subsequent changing trade dynamics of all maritime sectors and trades. Amidst this turmoil, the industry needs to find a way not just to decarbonise, but to do so in an economically efficient way so as to continue to provide food and energy security to countries around the world.