As the International Maritime Organization enters a phase of curbing shipping industry emissions more robustly, the search is on for cleaner alternatives to high sulfur fuel oil to power marine freight worldwide. The drop in the IMO’s global sulfur limit for shipping from next year is just the beginning, and is expected to drive the majority of shipowners into using new 0.5% sulfur fuel blends when it comes into force. Most have a plan in place to get past the immediate problem of reducing their sulfur emissions next year, but few have fully engaged with the IMO’s longer-term target of halving greenhouse gas output. “Most people talk about 2020, but decarbonization is by far a bigger target,” Antonis Trakakis, technical director at Arista Shipping, said at an industry event on alternative fuels last month. “The IMO strategy [on greenhouse gases] is a very ambitious target.” The IMO’s current strategy seeks to halve the shipping industry’s GHG emissions by 2050 from 2008 levels, and to reduce carbon dioxide emissions “per transport work” by at least 40% by 2030. The strategy is due to be revised by 2023, but no concrete measures on how to achieve it have yet been decided. LNG… continue reading
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Source: CTRM Center