Electric ships could be a breakthrough for China

Quick Summary:

Though they have only just set sail, battery-powered ships have huge potential for cutting transport emissions.

According to the China Classification Society, a standards agency that regulates shipping and offshore installations, 36 lithium battery manufacturers had obtained its certification as of July 2023, with 30 of those specifying that they produce LFPs.

Meanwhile, six of the world’s biggest shipping firms, including Maersk, CMA CGM and COSCO Shipping, claim to be building or refitting vessels to run on methanol, according to a 2023 China Energy News report.

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Article Details

Author / Journalist: Ted Zhang

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Emissions Batteries Investment Innovation Travel Transport Economy Net zero Electrification Trade Shipping Infrastructure Logistics Financing Hydrogen Regulation Decarbonisation UN Electric vehicles Carbon footprint

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 02:44:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1592 words

Reading Time: 9 minutes read

Sentences: 83 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22188829

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Update Frequency: 5 posts per day

Year Established: 2009

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #100

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