Neiox Eco Cycle has secured a ₹75 lakh prototyping grant from Cochin Shipyard Ltd under the USHUS Maritime Innovation Scheme. This funding, awarded at IIM-Kozhikode, will support the development of a sustainable, non-toxic marine hull coating that enhances fuel efficiency and protects marine ecosystems, showcasing Kerala’s commitment to sustainable innovation.
Global warming is accelerating, threatening the world’s coral reefs and reaching critical “tipping points” in ecosystem health. The Global Tipping Points report warns of irreversible damage, highlighting the risk of disrupted ocean currents and emphasizing the urgent need for drastic climate action as temperatures approach dangerous thresholds.
La Niña conditions have developed in the equatorial Pacific, expected to persist through winter 2025-26, with a 55% chance of transitioning to ENSO-neutral by early 2026. Notably, below-average sea surface temperatures and specific wind patterns are evident, impacting stakeholders like the Panama Canal Authority amid recent transit challenges.
As the IMO Green Summit approaches, the global shipping industry faces scrutiny over greenhouse gas emissions. Advocates call for binding measures, including global fuel standards and a GHG levy. The proposed Net-Zero Framework aims for mandatory emission limits and a pricing mechanism, targeting vessels over 5,000 gross tonnage for significant reductions.
INTERCARGO is pushing for practical measures in the IMO’s climate negotiations, emphasizing the importance of simplicity and predictability. They advocate for a clear carbon price and realistic timelines for implementation. With a focus on balancing environmental goals with operational efficiency, INTERCARGO stresses the need for solutions that benefit both the environment and the shipping industry.
The Greek parliament passed a bill to increase taxes on short-term rentals and hotel accommodations, along with a levy on cruise ship visitors, to address economic impacts of natural disasters worsened by climate change. With extreme weather events straining public finances, the government aims to generate 400 million euros annually through these tax adjustments.
A recent report by Transport Malta’s Marine Safety Investigation Unit reveals the tragic death of a crewmember on a Maltese-registered bulk carrier in July 2023, highlighting the impact of climate change on seafarers. The incident in Qatar underscores the urgent need for improved working conditions, training, and awareness of heat-related illnesses to ensure crew safety.
An international tribunal, backed by the UN, ruled that countries must take necessary actions to prevent marine pollution from greenhouse gas emissions. The case was brought by Small Island States on Climate Change, emphasizing the impact of climate change on rising ocean levels and temperatures. This landmark decision is seen as a step towards holding governments accountable for environmental damage.
