Nuclear power poses ‘vast potential’ for shipping says ABS
Shipping must not ignore the “vast potential” nuclear power poses for emissions reductions and operational efficiencies, according to ABS CEO and Chairman Christopher J. Wiernicki.
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Cyber risk remains as industry defences mature
A spate of recent cyberattacks on maritime-related companies has highlighted the ongoing risks inherent to an increasingly digitally connected industry.
Market measures needed to realise MEPC net-zero consensus
IMO’s Marine Environment Protection Committee (MEPC) adopted its revised greenhouse gas (GHG) emissions strategy on July 7, agreeing to target net-zero emissions “by or around” 2050.
Barbados blue bond to support marine conservation
The government of Barbados is preparing to pour an extra US$50 million into ocean conservation efforts over the next fifteen years after replacing conventional debt with a Blue Bond.
Silicon Valley mass firings pose hiring opportunities for maritime
Massive layoffs in the technology sector after a boom in pandemic growth has created a pool of talent for savvy companies to hire from.
Aviation’s alternative fuel transition requires cross-sectoral government policy
Aviation is ramping up efforts to use sustainable aviation fuel (SAF) but is calling for a greater diversification of fuel sources and more decisive government policy and incentives to achieve its decarbonisation goals, and to meet forthcoming UK and EU mandates.
Regulation driving harbour craft fuel changes
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.
ICS Barometer delivers snapshot of industry sentiment on key issues
Risk and confidence have certainly fluctuated among maritime leaders over the past few years, particularly as new challenges emerge.
Cautious optimism as UAE bucks abandonment trend
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.
G7 countries target global net-zero shipping by 2050
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.