More newbuilds were contracted in the first three months of the year than in any Q1 since 2008 – led by the container sector – follows on from plenty of other indicators showing how strongly most shipping segments have been in the first 16 weeks of the year.
Clarkson Research Services’ overall secondhand price index has risen by 33% since September last year to a seven-year high.
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Posted on - 2021-04-21ExxonMobil’s plans to explore carbon capture and storage (CCS) technology through a public-private, multi-user project in the Houston Ship Channel it estimates would cost $100bn or more.
It is pressing for tax incentives or a carbon-pricing system, as well as financial contributions from other companies in the area. While the plan looks to store 50 million tonnes of CO2 under the Gulf of Mexico by 2030 and double that by 2040, these efforts will do little to ameliorate the decades of unregulated emissions and environmental damage perpetrated by the oil & gas corporation.
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https://splash247.com/exxonmobil-proposes-100bn-gulf-of-mexico-carbon-capture-project/
Posted on - 2021-04-21The Shipping industry was met with calls by John Kerry, Joe Biden’s climate envoy, for the International Maritime Organization (IMO) to guide the industry towards zero emissions by 2050, a complete volte-face from the attitude of the previous administration in Washington towards shipping and international legislation.
Speaking at a conference hosted by the Ocean Conservancy ahead of Biden hosting an international climate summit this week, Kerry said: “I want to announce that in support of the global effort to keep us in reach of 1.5 degrees Celsius and in support of global efforts to achieve net zero by no later than 2050, the United States is committing to work with countries in the International Maritime Organization to adopt the goal of achieving zero emissions from international shipping by 2050.”
President Kabua of RMI and PM Bainimarama of Fiji also delivered statements on the need for increased ambition in management of the marine sector on the path to decarbonization.
For the full article and video of the conference, please visit the link below:
https://splash247.com/us-calls-for-shipping-to-have-zero-emissions-by-2050/
Posted on - 2021-04-21