Environment

This page features all the latest news on how shipping impacts on the environment, focusing on developments in the effort to reduce emissions from the shipping sector and oil pollution.

Environment

January 22, 2021

China’s low-sulphur marine fuel exports in Dec rise to a record

China’s exports of clean marine fuels in December rose to a record since shipments began a year ago, taking 2020 exports of the ship fuel...

January 21, 2021

Paris climate accord: Biden announces US will rejoin landmark agreement

Hours after he was sworn in, President Joe Biden announced the US plans to reenter the Paris climate accord, the landmark international agreement signed in...

January 14, 2021

A.P. Moller- Maersk, The Ocean Cleanup extend relationship with new three-year partnership

The Ocean Cleanup’s mission is to develop advanced technologies to rid the world’s oceans of plastic. (more…)

January 13, 2021

Norway eyes sea change in deep dive for metals instead of oil

Norway’s oil and gas reserves have made it one of the world’s wealthiest countries but its dreams for deep-sea discovery now center on something different....

January 7, 2021

Trafigura to develop Battery Energy Storage System in Belgium

Trafigura, one of the world’s leading independent commodity trading companies, has announced the first live project by Nala Renewables, its newly formed joint venture company...

December 23, 2020

Eagle Bulk Becomes Signatory to Sea Cargo Charter

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, announced that it has become a signatory to...

December 18, 2020

Ship finance lenders fall short of sector’s carbon targets in 2019

Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the...

December 16, 2020

Ship finance lenders fall short of sector’s carbon targets in 2019

Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the...

December 3, 2020

Trafigura becomes a major investor in green hydrogen

Trafigura, a market leader in the global commodities industry, announced significant investments with H2 Energy Holding AG, a business innovator in green hydrogen solutions. (more…)

December 2, 2020

Pacific Carriers fined $12m over pollution incidents

Pacific Carriers Limited (PCL), a Singapore-based company that owns subsidiaries engaged in international shipping, was sentenced today in federal court before U.S. District Court Judge...

December 2, 2020

Dirty Fuel Demand Jumps With More Pollution Kits on Ships

An increase in vessels being fitted with pollution-reducing kits and unusually strong demand for container shipping is providing a boost to the dirtiest marine fuel....

November 30, 2020

Cyprus applauds 40% maritime emission cuts by 2030

Cyprus has welcomed new regulations drafted by the IMO’s Marine Environment Protection Committee to drastically reduce greenhouse gas emissions by existing ships once these are...

November 27, 2020

IMO approves short-term GHG reduction measures

The 75th session of the Marine Environment Protection Committee (MEPC 75), which took place online from 16 to 20 November 2020, continued the deliberations on...

November 24, 2020

Surge In Greenhouse Gases Sustained Despite COVID Lockdowns

Greenhouse gas concentrations climbed to a new record in 2019 and rose again this year despite an expected drop in emissions due to COVID-19 lockdowns,...