The green transition of maritime transport, where are we now?

The green transition of shipping is not a new thing. As early as 1997, the International Maritime Organization (IMO) began a discussion on reducing carbon dioxide emissions from shipping. The first regulation regulating the energy consumption of new ships, called EEDI, came into force in 2011. Since then, the IMO's regulations for reducing greenhouse gases … Continue reading The green transition of maritime transport, where are we now? →

Regulations towards shipping decarbonisation

The only way that shipping companies can be competitive in the future shipping market is to prepare their operations and their fleet towards the green transition. The regulations for the vessels, new fuels, emission trading and demands of customers and financiers require deep understanding of technical and operational alternatives. In 2023, the International Maritime Organization … Continue reading Regulations towards shipping decarbonisation →

Emissions trading is changing shipping

The trading of greenhouse gas emissions in the European Union now extends to shipping. In 2024, shipping companies must buy allowances for 40 percent of their emissions, and in 2027, already one hundred percent. What does it mean? For example, in Finland, it was calculated in 2022 that the costs of trading emission allowances will … Continue reading Emissions trading is changing shipping →

Päästökauppa muuttaa merenkulkua

Kasvihuonekaasupäästöjen kauppa Euroopan unionissa ulottuu nyt laivaliikenteeseen. Vuonna 2024 varustamoiden on ostettava päästöoikeuksia 40 prosentille päästöistään ja vuonna 2027 jo sata prosenttia. Esimerkiksi Suomessa vuonna 2022 laskettiin päästöoikeuksien kaupan kustannusten olevan noin puoli miljardia euroa, mikä on vain puoli prosenttia koko Suomen ulkomaankaupan arvosta (66 miljardia euroa). Tämä tarkoittaa, että suomalaisten tuotteiden keskimääräinen hinnannousu jää … Continue reading Päästökauppa muuttaa merenkulkua →

Money Guides the Maritime Green Transition

It is often said that ‘the only green the maritime sector follows is the dollar’. The maritime green transition will become true when it is financially justifiable and increases the competitiveness of shipping companies. Environmental regulations In 2018, the International Maritime Organization (IMO) set a goal of reducing greenhouse gas emissions of shipping by 50 … Continue reading Money Guides the Maritime Green Transition →

A quick guide to maritime greenhouse gas emission regulations

By 2050, shipping will change more than it has in decades due to stricter environmental regulations. But what are those regulations? Do we know what the cryptic abbreviations EEDI, EEXI, MRV, CII mean? And above all, which ships they concern, which of them is important and what pitfalls are there. Here is a very short … Continue reading A quick guide to maritime greenhouse gas emission regulations →

What is the fuel of the future shipping?

Next winter will be difficult throughout Europe. The prices of fossil fuels, coal, gas and electricity have skyrocketed as a result of the war in Ukraine. On the other hand, the increase in the price of fossil energy accelerates the development and introduction of renewable forms of energy. Different alternative fuels are also constantly brought … Continue reading What is the fuel of the future shipping? →

Global Maritime Forum proposes Baltic Sea ferry lines as Green Corridors

Global Maritime Forum offers a financially feasible tool for decarbonising Baltic Sea ferry lines. The European Union (EU) is introducing new regulation to reduce GHG intensity and emissions from the shipping industry under the ‘Fit for 55’ package to achieve the decarbonization goals set out in the European Green Deal. Global Maritime Forum writes that … Continue reading Global Maritime Forum proposes Baltic Sea ferry lines as Green Corridors →