Page 42 - Poseidon Principles News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BW Group and technology company Miros are launching Miros Mocean, a joint venture focusing on optimizing vessel performance.

TORM plc Annual Report 2020 “I am very pleased that our integrated One TORM platform enabled us to deliver a solid EBITDA of USD 272m and a considerable cash return to shareholders totaling USD 71m in dividends during 2020. I am further pleased that our commitment to minimize environmental impact has enabled us to reduce greenhouse gas emissions by 22% since 2008, showing a clear path towards our ambitious target of 40% reduction by 2030.” says Mr. Jacob Meldgaard, Executive Director. • In 2020, TORM realized an EBITDA of USD 272m (2019: USD 202m). The 2020 profit before tax amounted to...

SEA-LNG: Bio-LNG for extended GHG reduction compliance February 26, 2021, by Sanja Pekic SEA-LNG, the industry coalition which promotes LNG as a marine fuel, states that blending bio-LNG with LNG as a marine fuel extends the vessel’s eligibility for funding under Poseidon Principles. Courtesy of SEA-LNG The new analysis claims that for every 10 per cent of bio-LNG dropped in and blended with LNG as a marine fuel, a vessel can achieve two more years’ compliance with the Annual Efficiency Ratio (AER) curve used to secure preferable funding under...

Lack of regulatory framework holding up decarbonisation progress Despite the need for speed, the shipping industry does not have the tools to decarbonise quickly enough to meet its own targets. Without a clear regulatory framework on which shipowners and operators can base their investment decisions, shipping’s decarbonisation process will be too slow. As a result, any chance of the industry itself, through the IMO, retaining control of its own decarbonisation process will be lost. These were some of the key points made by speakers at a webinar yesterday, staged jointly by LR and the Enviro...

To print this article, all you need is to be registered or login on Mondaq.com. Recent years have seen an increased awareness of sustainability issues by governments, international organisations, financial institutions, investors and consumers, also affecting the maritime sector. Introduction Shipping is the lifeblood of the global economy, responsible for the carriage of more than 80% of world trade. While carriage of goods by sea is more carbon efficient than carriage by trucks or planes, the combined shipping industry could make the 6th place if added to the list of...