Zero-carbon shipping needs significant R&D investment
The shipping industry is charting its own course to decarbonisation
On the fringes of Cop26, away from the protests and pledges, the shipping industry held a landmark decarbonisation conference. Aimed at translating bold words into affirmative actions, the unprecedented gathering of shipowners and ministers set out the future of powering the industry which underpins global trade. In 2022 and beyond, we know that that future must be green, and so too the fuels we put in our ships. Whether ammonia, hydrogen or biofuel (there are many others), there is a real willingness to move our industry away from the carbon-intensive present. This change is none too soon. Our energy needs are sizeable and will only have risen since the boom in demand for trade following th
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields