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European Institutions Offer $370 Million for Sustainable Maritime Shipping Projects

European Institutions Offer $370 Million for Sustainable Maritime Shipping Projects

The European Investment Bank and ING signed an agreement this week for 300 million euros ($370 million) to support green investments in the European maritime shipping market. Each institution will contribute 150 million euros to a sector risk-bearing facility for projects that improve transport vessels’ environmental performance. “It’s no secret … Read more »

Online Freight Pricing Platform Adds Carbon Footprint Calculator

Online Freight Pricing Platform Adds Carbon Footprint Calculator

Online freight pricing platform Freightos plans to introduce carbon dioxide footprint estimates as well as a suite of free CO2 calculation tools for customers and third parties, the American Journal of Transportation reported. Freightos, which has offices across Europe, the US, Asia, and the Middle East, was established in 2011 … Read more »

Arctic Shipping Environmental Leader

LNG Reduces Shipping Risk, Pollutants

The risks of using heavy fuel oil (HFO) for shipping operations could be greatly reduced by switching to liquefied natural gas (LNG), according to a study conducted by Vard Marine, a ship design and marine engineering company based in Vancouver British Columbia. Most deep-sea shipping has traditionally operated on heavy … Read more »

AkzoNobel marine coatings

Ship Owners to Receive $500,000 from Carbon Credit Claims

Two ship owners are due to be awarded a combined total of almost $500,000 when the first claims resulting from a carbon credits methodology developed by AkzoNobel and The Gold Standard Foundation are finalized next year. The program, launched in April, allows ships to generate income in the form of … Read more »

Branson, NGO Aim for More Ports Fighting CO2

The number of sea ports using ship evaluation systems to encourage lower carbon emissions will go from two to 10 in the next year, according to Virgin Group founder Richard Branson, as reported by Bloomberg. Branson is a founder of the Carbon War Room, a nonprofit that rates ship efficiency. … Read more »

GE logo

GE Marine Engine Meets New Emissions Rules

GE Marine says it has successfully completed an emissions-testing program for the first 12V250 marine diesel engine that meets EPA Tier 4i and International Maritime Organization (IMO) Tier III in-engine emission compliance. The rules decrease the allowable levels of sulfur oxide (SOx) and nitrous oxide (NOx) emissions from ships. The … Read more »

Port of Los Angeles

Ports Power Docked Ships with Electricity

All 13 international cargo terminals at the Port of Los Angeles and Port of Long Beach will power docked ships with electricity by the end of this year, cutting air pollution from the ships at berth by 95 percent, according to the Port of Long Beach. The infrastructure to supply … Read more »

shipping emissions

Shipping Emissions ‘Rival CO2-Driven Ocean Acidification’

Shipping pollution from sulfur oxides (SOx) and nitrous oxides (NOx) along busy trade routes can equal carbon dioxide-driven ocean acidification, a study says. Sulfur in marine fuel oil and atmospheric nitrogen create SOx and NOx in the exhaust gases from ships. According to the research paper that will be published … Read more »

Teijin NOx Emissions Reduction Device

Teijin Device Reduces Ships’ NOx Emissions

Teijin Engineering has developed a selective catalytic reduction (SCR) denitration device for midsized ship engines to ensure compliance with the Tier III nitrogen oxides emissions regulation, which goes into effect in 2016. The company says ship tests have demonstrated that the device can reduce NOx emissions by 80 percent. The … Read more »

Maersk Sustainability Report: Normalized CO2 Emissions Drop 11%

Maersk Group reduced its emissions per container by 11 percent in 2012, according to the shipping company’s 2012 sustainability report. The company also reports an 8 percent relative CO2 reduction from a 2010 baseline. Last year, the company released 38.6 million metric tons of CO2, compared to just short of … Read more »

Policy & Enforcement Briefing: Ontario FIT Ruled Protectionist, Calif. Fracking, N. Mexico Renewables

Ontario’s feed-in tariff program, which pays above-market rates to generators of renewable energy that use Canadian-made equipment, undermines competition because it favors domestic products, a WTO panel decided. The decision supports complaints of protectionism from the EU and Japan. The government intends to appeal, saying its FIT program requiring up … Read more »

Policy & Enforcement Briefing: Strategic Petroleum Reserve, EU Shipping Emissions, Ralls Corp. Sues

The Senate’s GOP leadership is urging President Obama not to release oil from the Strategic Petroleum Reserve and instead preserve the option for a “truly rainy day.” One senior Republican sought to preemptively cast any SPR release as a campaign maneuver and inappropriate effort to use the stockpile to try … Read more »

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