Tag: shipping industry

AI can help shipping industry cut down emissions, report says

June 18, 2024 admin

Oil tanker SCF Primorye, owned by Russian state shipping company Sovcomflot, transits the Bosphorus in Istanbul, Turkey, April 29, 2024. | Photo Credit: Reuters The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca…

Science

Shadow fleet tankers shipping dirty fuel in a setback for clean-up efforts

May 29, 2024 admin

The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions, according to shipping data and sources. The global shipping industry is under increasing pressure to use cleaner fuel to reduce both carbon and…

World

Pressure builds for charge on global shipping sector’s CO2 emissions

March 19, 2024 admin

Representational image of cargo ships at a harbour. Carbon tax on shipping will cut developing countries’ GDP by 0.13% | Photo Credit: Reuters The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed….

Business