• Home
  • News
  • Any new investments in fossil fuels is “moral and economic madness” - Ship It Zero
  • 2022 May 27 17:34

    Any new investments in fossil fuels is “moral and economic madness” - Ship It Zero

    The Ship It Zero coalition sent an open letter to shipping companies, including CMA CGM Group, A.P. Moller-Maersk, MSC Mediterranean Shipping Company, Evergreen Marine, and Ocean Network Express. Executive Director Alex Levinson of Pacific Environment and Executive Director Todd Paglia of Stand.earth sent a letter to shipping companies urging the company to order book and invest only zero-emissions technologies and fuels for their future global fleet.

    Excerpts from the letter:

    “We agree with the words of UN Secretary Guterres: Continued and increased investments by your companies in brand new fossil fuel assets at this critical time in global climate history is indeed moral and economic madness.”

    “For these reasons and more, we urge you to only buy and build new ships with 100% zero-emission ship propulsion fuels and technologies from well-to-wake – in addition to taking immediate action to retrofit existing ships in your fleets to reduce their climate and air pollution.”

    “This statement holds particularly true for LNG, as the IPCC finds that methane emissions must be reduced by 33% by 2030 in order to have a chance to stay within a 1.5°C emissions pathway. For the shipping and aviation industries specifically, the IPCC report finds that ‘natural gas-based fuels are expected to be inadequate to meet stringent decarbonization goals for these segments (high confidence).’”

    “The global shipping industry has and can continue to play a significant role in advancing global technologies and markets that benefit communities around the world. We must have a livable planet in order to continue to realize those benefits.”

    “Cargo companies like CMA-CGM, A.P. Moller-Maersk, MSC Mediterranean Shipping Company, Evergreen Marine, and Ocean Network Express have reported record-breaking profits as a result of Covid-related consumer spending and supply chain disruptions over the last two years. It is your duty to invest these resources in reducing fossil fuel use and catalyzing the shift to zero emissions vessels. Any new investment in fossil fuels by your companies at this time is moral and economic madness.”


2022 June 28

18:07 Maersk plans to order more methanol-fueled ships - BusinessKorea
17:40 Green Marine Europe attracts 13 ship owners and 323 certified vessels
17:37 Russian President signs law on presence of foreign-flagged ships on Russia' s inland water ways
17:22 Russia wants Barentsburg food supplies shipped via mainland Norway - The Barents Observer
17:20 European Energy signs contract with Port Esbjerg to deliver green hydrogen
17:14 Wan Hai Lines awarded “Container Shipping Line of The Year - Far East Trade Lane”
17:06 Liquid Wind announces plans for its second electrofuel facility to be established in Sundsvall
16:49 Borr Drilling enters into letter of intent for the sale of three jack-ups
16:13 European Council agrees on higher targets for renewables and energy efficiency
16:11 New port to be built in Dagestan
15:45 Iceberg halts Norwegian Cruise sailing after ship hits growler - NZME
15:02 HPC Hamburg Port Consulting signs contract for pre-feasibility study of Cigading Port development
14:58 duisport and Port of Amsterdam join forces in development of green hydrogen value chain and hinterland network
14:30 Four missile boats of Project 22800 under construction at Amur Shipyard
13:48 Vladimir Putin signs law on Rosatom’s authority to manage navigation on the Northern Sea Route
13:24 Neste invests € 1,9 billion in renewable products refinery in Rotterdam
12:34 First hybrid RTGs to Africa delivered by Konecranes
12:29 Russian Union of Industrialists and Entrepreneurs suggests postponing crab auctions until 2035
11:46 Reconstruction of port Korsakov on Sakhalin to begin in 2023
11:10 Batumi International Container Terminal welcomes new Asia-Europe multimodal service
09:32 Russia's financial operations with unfriendly countries plunged by about 80%
09:15 Crude oil futures are rising
09:01 MABUX: Global bunker indices do not have firm trend on June 28
08:16 Thirteen killed, 251 injured by gas leak at Jordan's port of Aqaba - Al Jazeera

2022 June 27

18:37 Port of Rotterdam appoints new representative in China
18:13 BW Energy signs agreement to acquire the FPSO Cidade de Vitoria, currently producing on the Golfinho field
18:07 Boskalis vessels switch to green shore power facility in Rotterdam in co-development with Port of Rotterdam Authority and Eneco
17:58 Rosmorport provides continuous ferry traffic on the Ust-Luga - Baltiysk line
17:30 FSRU contract Höegh LNG with AIE in Australia confirmed
17:02 Investigation into ammonia leak on Spanish tuna vessel begins in Seychelles - Seychelles News Agency
16:27 World’s first climate-neutral container handling facility recertified
15:58 Russia, India, China, Brazil and RSA to sign agreement on cooperation in customs area
15:45 Inmarsat and Thetius report explores human element in maritime digitalisation
15:45 Asia coal prices hit record on hot global competition for fuel - Bloomberg
15:21 Vestdavit to deliver telescopic davit for Danish Navy
14:27 Nuclear-powered container ship Sevmorput leaves for its first subsidized coastwise voyage to Petropavlovsk-Kamchatsky
14:06 Bureau Veritas completes new study on ammonia as fuel
14:02 BW LPG completes dual-fuel retrofits
13:33 Hydrographic Company holds tender for dredging of Utrenny terminal’s water area
13:15 Nakilat and Keppel to provide after-sales technical support for ballast water treatment systems in Qatar
12:30 Matson signs contract for ME-GI retrofit
12:14 International taskforce established to drive forward the development of Clean Energy Marine Hubs
12:01 Port Tanjung Pelepas turns to AI-powered management system
11:29 Seanergy Maritime acquires a modern Capesize vessel
11:02 Chernomorneftegaz platform in Black Sea shelled by Ukrainian troops
10:29 Sevmash lays down manned underwater vehicle of Project 03660 Jason
10:29 Dongwon Global Terminal selects CyberLogitec’s terminal operating system
10:03 The Getting to Zero Coalition convenes to develop action plan for maritime decarbonization
09:43 Metal structures and general cargo to be delivered by MV Kholmogory on its first voyage to Kaliningrad Region
09:21 Oil prices decrease after a growth on June 24
08:58 MABUX: Bunker prices may increase on June 27

2022 June 26

15:18 BW LPG carriers completed DF retrofits at Yiu Lian Dockyards in Shenzhen, China
13:42 Aegean Shipping accepts delivery of its first of four Aframax tankers
12:14 Large-scale offshore tender sets TenneT on course to deliver 2030 offshore expansion targets
11:03 KHI delivers bulk carrier PHILHOKUSAI

2022 June 25

15:07 The Getting to Zero Coalition convenes to develop action plan for maritime decarbonization
14:31 Manor Marine to build two Hybrid CTVs for Manor Renewable Energy with Chartwell Marine
13:04 ČEZ Group becomes first Czech company to have climate targets validated
10:13 FSL Trust agrees to sell one chemical tanker

2022 June 24

18:37 OneSea Energy B.V. and Subsea 7 conclude an MOU on collaboration in offshore hydrogen production