As the maritime industry faces increasing regulatory pressure to reduce carbon emissions, decarbonisation strategies and compliance with the European Union Emissions Trading System (EU ETS) are becoming critical topics for shipping companies. Vertis Environmental Finance’s Frederic Bouthillier will bring valuable insights to the upcoming Tanker Shipping & Trade Conference 2024, […]
As the maritime industry faces increasing pressure to decarbonize, the European Union’s FuelEU Maritime Initiative (FEUM) is set to come into force in January 2025, marking a significant step towards reducing greenhouse gas (GHG) emissions. Part of the EU’s broader “Fit to 55” strategy, FEUM will require shipping companies to
FuelEU Maritime Initiative: Preparing for the Future of Low-Carbon Shipping Read More
In a significant step forward for the maritime industry, the International Maritime Organization (IMO) has announced major progress in its negotiations to establish a global net-zero framework. During the 82nd session of the Marine Environment Protection Committee (MEPC), held in London, a draft legal text was produced, integrating proposals from
IMO Moves Closer to Global Net-Zero Framework for Shipping Read More
As the maritime sector confronts growing pressure to reduce carbon emissions, the European Union’s Emissions Trading System (EU ETS) has emerged as a key mechanism in driving decarbonisation. However, its introduction into shipping has stirred debate. While some see it as an essential step towards reducing emissions, others view it
EU ETS and the Shipping Industry: Navigating Decarbonisation and Complexity Read More
The upcoming FuelEU Maritime regulation, set to take effect in 2025, is already making waves in the shipping industry. Designed to increase the share of renewable energy in shipping, the new law could cost Greek shipping companies a hefty €175 million in penalties. With segments like oil tankers, RoPax vessels,
The maritime sector is sailing into a new era with the introduction of the FuelEU Maritime Regulation, a key part of the European Union’s “Fit for 55” package aimed at reducing greenhouse gas emissions by at least 55% by 2030. Designed to drive sustainability in the shipping industry, this regulation
In a significant milestone for sustainable energy, Rohe Solutions has commenced production of Bio-LNG (liquefied biomethane) at the Hamina LNG terminal, marking the first Bio-LNG production in the Baltic Sea region. This development not only positions Finland as a key player in the renewable fuel market but also demonstrates the
Bio-LNG: A Sustainable Leap Forward in the Baltic Sea Region Read More
The maritime sector is undergoing a transformative shift towards cleaner energy sources, with methanol emerging as a strong contender in the race to decarbonize shipping. A new white paper by Dr. Jeroen Dierickx for the Methanol Institute highlights how the EU’s FuelEU Maritime Regulation and Emissions Trading System (ETS) are
EU Regulations Propel Methanol as a Sustainable Marine Fuel: A Path to Greener Shipping Read More
As the maritime sector braces for the upcoming FuelEU regulations, shipowners and operators are under increasing pressure to meet stringent greenhouse gas (GHG) emissions targets. Set to take effect from 1 January 2025, these new rules are poised to reshape maritime operations, compelling vessels to adopt more sustainable fuel solutions
FuelEU Compliance: Driving Innovation in Maritime Technology Read More
The International Maritime Organization (IMO) continues to make significant progress in its efforts to reduce greenhouse gas (GHG) emissions from international shipping. During the 17th Intersessional Working Group on GHGs, key developments were made toward the finalization of policies expected to be adopted in 2025, with implementation set for 2027.
IMO on Track to Implement Ambitious GHG Reduction Policies for Shipping by 2027 Read More
As global shipping moves toward decarbonization, retrofitting container ships with shore power capabilities is emerging as a crucial solution. With regulations such as FuelEU and the EU Emissions Trading System (ETS) now in place, and with similar policies on the horizon in China and India, shipowners are under growing pressure
Shore Power Retrofits: The Key to Sustainable Shipping and Compliance Read More
The maritime industry is on the verge of a transformative shift, thanks to the European Union’s regulatory frameworks, which are set to make bio- and e-methanol economically competitive alternatives to traditional fossil marine fuels. A new study, commissioned by the Methanol Institute and conducted by Dr. Jeroen Dierickx of iDefossilise,
In a significant step toward decarbonizing the maritime sector, Norway’s Rem Offshore has partnered with Norwegian Electric Systems (NES) to retrofit one of its construction support vessels (CSV), the Rem Inspector, with a cutting-edge battery energy storage system (ESS). This development showcases the rising trend of integrating clean technologies into
Greener Subsea Operations: How Retrofit Technologies are Transforming Offshore Shipping Read More
The EU Emissions Trading System (ETS) has officially come into effect as of January 1st, marking a new chapter for the maritime industry’s efforts to reduce carbon emissions. However, not all shipowners are finding this transition smooth. The new regulations, while crucial for environmental progress, are accompanied by a wave
Navigating the EU ETS: What Shipowners Need to Know for Smooth Sailing Read More
In a major leap toward greener shipping, HD Hyundai Marine Solution, alongside its sister companies HD Hyundai Engineering & Technology, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), and Hyundai Heavy Industries Power Systems, has received Approval in Principle (AIP) from DNV for its innovative onboard carbon capture and storage
