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The world's shipping industry is leading the charge in adopting green fuel, but its progress may be hampered by a supply that struggles to keep up with demand.

SCMP LogoSCMP3w ago

 The world's shipping industry is leading the charge in adopting green fuel, but its progress may be hampered by a supply that struggles to keep up with demand. - SCMP

Quick Summary:

The global shipping industry may have put the cart before the horse as green fuel supplies lag the needs of ships that are switching to low carbon energy sources.

Currently, low carbon methanol supply capacity is less than 1 million tonnes a year, which can only serve the needs of 25 such container ships.

It also aims to slash emissions per unit of transport work by at least 40 per cent by 2030, compared with 2008 levels, and to boost the industry’s uptake of fuels that emit zero or near-zero greenhouse gasses to at least 5 per cent by 2030.


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 The world's shipping industry is leading the charge in adopting green fuel, but its progress may be hampered by a supply that struggles to keep up with demand. - SCMP (Picture 1)

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Article Details

Author / Journalist: Eric Ng

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-26 @ 11:30:14 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 830 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 35 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21087307

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 11 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story " The world's shipping industry is leading the charge in adopting green fuel, but its progress may be hampered by a supply that struggles to keep up with demand." was covered 3 weeks ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 11 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #21087307
  • URL: https://beamstart.com/news/world-shipping-sectors-green-fuel-17166970153005

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