UK to Invest £1.1 Billion for Clean Shipping and Coastal Growth

The UK government has announced a £1.1 billion investment package for the maritime sector, focusing on coastal community growth and clean shipping. This funding, revealed during London International Shipping Week, includes £448 million for decarbonization and significant private sector contributions, aiming to create thousands of jobs and enhance sustainable technologies.

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$1 Trillion Financing Needed to Decarbonize Global Shipping, EDF and Lloyd’s Register Warn

A new report warns that the maritime industry’s decarbonization goals are jeopardized without urgent action. Released by the Environmental Defense Fund and Lloyd’s Register, it identifies over $1 trillion in investment gaps threatening climate objectives. Innovative financing strategies, like the Maritime Multiplier and Time Stacked Offtake, are essential for attracting necessary capital.

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Call for Immediate Ports Decarbonization Using Existing Emissions Data

PortXchange urges the global port and shipping community to act now on decarbonization, emphasizing that sufficient emissions data already exists. Managing Director Sjoerd de Jager criticizes greenwashing tactics, advocating for genuine change. With increasing regulatory pressure, he calls for immediate action to address all emissions, including Scope 3, to drive meaningful progress.

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GCMD successfully demonstrates the world's first end-to-end value chain in the world for CO2 recorded on board

World’s First Integrated Maritime CO2 Value Chain Pilot Launched for Decarbonization

The Global Center for Seyime Decarbonization launched the world’s first maritime pilot for an integrated carbon dioxide value chain on June 25, 2025. Utilizing 25.44 tons of captured CO2 from the MV Province, the project in Inner Mongolia aims to produce low-carbon calcium carbonate, demonstrating significant potential for sustainable building materials and maritime decarbonization.

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Innovative Carbon Capture Technology Set to Revolutionize Maritime Decarbonization

In Chingford, London, Seabound is revolutionizing the shipping industry with a carbon capture solution. CEO Alisha Fredriksson, alongside co-founder Roujia Wen, developed a device that absorbs carbon from diesel exhaust using quicklime pellets. Their prototypes have captured up to 78% of carbon emissions, aiming to transform maritime sustainability.

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Maritime Industry Faces Regulatory Challenges in Decarbonization and Safety of Energy Storage Systems

The maritime industry is navigating a challenging regulatory landscape with the introduction of FuelEU Maritime, mandating fossil fuel phase-out in European waters. By 2030, a 20-30% reduction in carbon emissions from 2008 levels is required. To support this, shipowners must enhance operational efficiency and adopt innovative technologies, despite safety concerns surrounding battery systems.

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MPA and BV Renew Collaboration for Maritime Digitalization and Decarbonization in Singapore

The Maritime and Port Authority of Singapore (MPA) has renewed its memorandum of understanding with Bureau Veritas (BV) to enhance collaboration in maritime digitalization, decarbonization, and talent development. This partnership aims to establish a BV global innovation hub in Singapore, focusing on emerging technologies like cybersecurity and smart ship systems.

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Trinidad and Tobago’s Maritime Sector Embraces Alternative Fuels for Decarbonization

As the maritime sector faces pressure to cut greenhouse gas emissions, alternative fuels like hydrogen and ammonia are gaining attention. At the Caribbean sustainable energy conference, experts emphasized Trinidad and Tobago’s potential to adopt zero-emission fuels, highlighting the need for significant investment and diverse decarbonization strategies by 2030.

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