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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 »

Drone Package Delivery Could Cut Emissions, per Scientific Study

Drone Package Delivery Could Cut Emissions, per Scientific Study

A scientific study published this week in the journal Nature Communications shows that using small electrically-charged drones to deliver commercial packages generally consumes less energy per package than delivery trucks. For the paper “Energy use and life cycle greenhouse gas emissions of drones for commercial package delivery,” authors from Lawrence … Read more »

Shipping Industry & EU at Odds on Carbon Emissions

Shipping Industry & EU at Odds on Carbon Emissions

The shipping industry may not ultimately be able to regulate itself in terms of cutting carbon emissions, according to some within the European Union; the International Maritime Organization (IMO) disagrees, according to Hellenic Shipping News Worldwide. The IMO’s Marine Environmental Protection Committee has worked within the shipping industry to create a reduction strategy that … Read more »

container ship

AkzoNobel Issues First Carbon Credits to Ship Owners

AkzoNobel has issued more than 126,000 carbon credits worth more than $500,000 to ship owners under its carbon credits program— the first of its kind within the shipping industry. The program, launched in 2014 and developed in conjunction with the Gold Standard Foundation and the Fremco Group, rewards ship owners … Read more »

AkzoNobel marine coating

Ferry Operator Improves Efficiency 12%, Enrolls in AkzoNobel Carbon Credits Program

Spanish ferry operator Baleària has signed up to AkzoNobel’s carbon credits program. The company has enrolled its passenger ferry Martin i Soler into the program, which financially rewards ship owners by enabling them to generate income in the form of carbon credits earned by reducing CO2 emissions. The program was … Read more »

ABS Report Supports Transportation Sector Transition to Cleaner Fuels

ABS has updated its guidance on liquefied natural gas bunkering in North America to support the transport sector’s transition to the use of cleaner fuels. The second edition of Bunkering of Liquefied Natural Gas-fueled Marine Vessels in North America offers advice to shipowners and operators who may be looking to … Read more »

container ship

Shipping Emissions Rules Approved

Ship owners will, for the first time, have to monitor carbon emissions from ships of more than 5,000 gross tons under a European Union law approved last week, the Guardian reports. The law takes effect on Jan. 1, 2018. It doesn’t include shipping in the EU’s Emissions Trading System, but … 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 »

AkzoNobel carbon credit

Shipping Industry Carbon Credits Developed

AkzoNobel’s Marine Coatings business and The Gold Standard Foundation have developed a carbon credit methodology for the international shipping industry that they say is the first of its kind. Certification by The Gold Standard for the peer-reviewed methodology will allow ships to generate carbon credits — thus income — for … Read more »

Panama Canal Project Won’t Cut Carbon, Study Finds

Panama Canal Project Won’t Cut Carbon, Study Finds

While larger vessel sizes carrying cargo through an expanded Panama Canal could reduce CO2 emissions as much as 23 percent, other factors such as increased voyage distance and waterborne emissions essentially negate these GHG reductions, according to a new Environmental Defense Fund (EDF) study. The peer-reviewed Panama Canal Expansion: Emission Changes … Read more »