Swiss marine power company WinGD has made a breakthrough in maritime decarbonization with the launch of the X52DF-A, the world’s first ammonia-fueled two-stroke marine engine. Installed on an LPG/ammonia carrier for EXMAR, this engine showcases low emissions and efficiency comparable to traditional diesel engines, marking a significant step toward cleaner shipping.
The Poseidon Principles, leading global ship finance initiative, released its fifth Annual Disclosure Report, showcasing progress towards decarbonized shipping. Financial institutions are aligning portfolios with IMO goals to eliminate emissions by 2050. The report highlights climate alignment of 35 major institutions across 14 countries, marking a milestone in transparent climate reporting.
A joint study by GCMD and BCG projects annual CO2 shipping volumes in Asia-Pacific could reach 100 MtPA by 2050. Shipping plays a crucial role in facilitating cross-border CCUS initiatives in the region. Governments in APAC are actively pursuing partnerships to support CO2 transportation and sequestration.
