Navigating decarbonisation

Navigating decarbonisation

The maritime industry is changing and transitioning to meet the global targets for decarbonisation. This page provides an overview and helps you navigate a changing landscape.   The IMO has set clear targets for shipping to reduce its carbon emissions. By 2030, the goal is to reduce CO2 emissions by at least 40% (compared to […]

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EEXI: Achieving Vessel Compliance

EEXI: Achieving Vessel Compliance

The International Maritime Organisation’s (IMO) attempts at curbing the emissions of Shipping have been in the headlines for nearly a decade. Their flagship policy, EEDI (Energy Efficiency Design Index), has laid the way for a host of acronymic additions to its regulatory roster, including EEXI (Energy Efficiency Existing Index), CII (Carbon Intensity Indicator), and SEEMP […]

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European petroleum tanker rates rise due to geopolitical instability and marine fuel costs

European petroleum tanker rates rise due to geopolitical instability and marine fuel costs

Petroleum tanker rates for routes originating in Europe rose to record highs in April 2022 because of geopolitical instability related to Russia’s full-scale invasion of Ukraine and rising marine fuel prices, also known as bunker fuel. Dirty tanker rates for Aframax-sized vessels originating in the Black Sea in southeast Europe increased to $32.10 per metric […]

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Decarbonisation a “secondary issue” for Shipping

Decarbonisation a “secondary issue” for Shipping

Long asset lifespans, high energy dependency and limited viable alternatives make shipping one of the harder-to-abate sectors to decarbonise, according to Fitch Ratings.   In a special report on long-term climate vulnerability, Fitch said that low margins mean there is a reluctance in shipping to heavily invest, especially into unproven technology. In a business-as-usual scenario, […]

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