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04 2024-02 ICS proposes Zero Emission Shipping Fund to reach IMO 2050 target The International Chamber of Shipping (ICS) has submitted a detailed proposal to the International Maritime Organization (IMO) for a Zero Emission Shipping Fund (ZESF).In acknowledgment of the importance of moving forward with feasible solutions to fulfil net zero objectives, shipowners globally ...
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02 2024-02 Lloyd’s Register, Green Marine explore methanol development Lloyd’s Register (LR) and Green Marine have joined forces to offer solutions to maritime stakeholders looking to construct, retrofit, and operate vessels using methanol-as-fuel technology, with a primary emphasis on training.According to LR, methanol’s use introduces challenges for seafarers in...
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31 2024-01 Ports of Stockholm applies for EU green grant Ports of Stockholm, in collaboration with many other ports and stakeholders, has received approval to apply for EU funding for three sustainability initiatives.The major focus of the projects is the development of the electricity infrastructure. This will reportedly support the transition to gree...
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29 2024-01 UK government grants £33 million for green maritime technology UK Maritime Minister, Lord Davies, has announced the winners of £33 million ($42 million) of government funding to develop green technologies for ports and ships. This is to accelerate the UK’s race to decarbonise the sector while supporting jobs in coastal communities across the country, helpi...
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26 2024-01 Singapore Registry of Ships reaches 100 million gross tonnage The Singapore Registry of Ships (SRS) has reached the 100 million gross tonnage (GT) mark with the registration of AET’s Very Large Crude Carrier (VLCC), Eagle Veracruz.Administered by the Maritime and Port Authority of Singapore (MPA), the SRS regulates Singapore-flagged ships and ensures that ...
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24 2024-01 Panama Canal toll revenue drops Reuters has reported that the Panama Canal’s toll revenues have dropped by roughly $100 million since October 2023, month-on-month (MoM).According to the canal’s administrator, reduced income from tolls could total around $700 million come Spring, should this trend continue.Drought impediments ...
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