Tag Archives: GHG

Joint R&D for Ammonia-Fueled Vessels to Reduce GHG Emissions

NYK Line, Japan Marine United Corp. and Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia floating storage and regasification barge (A-FSRB). The joint R&D aims not only to utilize ammonia as a marine fuel but also to

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e5 Consortium to Develop Zero-Emission Vessels

e5-consortium-electric-vessel

Seven companies–Asahi Tanker Co. Ltd., Idemitsu Kosan Co. Ltd., Exeno Yamamizu Corp., Mitsui O.S.K. Lines Ltd., Tokio Marine & Nichido Fire Insurance Co. Ltd., Tokyo Electric Power Co., and Mitsubishi Corp.–have established the “e5 Consortium,” with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize and commercialize zero-emission electric vessels. e5 stands for five

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Carbon Risks to Ship Financiers Detailed in Executive Report

An executive report released this month details the complicated relationship of ship-financing banks, their risk premiums and lending portfolios with energy-efficient ship design, split incentives for owners and the monitoring, reporting and verification (MRV) requirements from the IMO and the EU. The report was published by the Carbon Pricing Leadership Coalition (CPLC), an organization geared toward tracking carbon effects on

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