| |DECEMBER 20229The United Kingdom recently pledged one million pounds for research and development to cut emissions in the maritime industry, making it the first nation to commit to having zero emissions by 2050. This article looks into the top three key advancements in the green shipping industry.USE OF ALTERNATIVE FUELAny green shipping strategy must start with the use of alternative fuels. LNG is becoming the most widely used alternative fuel for the maritime sector. Studies have shown that using LNG as a fuel will significantly lower SOx and NOx levels as well as CO2 emissions by 20 Percent. However, using LNG as an alternative fuel creates brand-new safety concerns for the sector. Safety must always be guaranteed; fewer emissions should never equate to decreased safety. A change in the vessel's structure and equipment is necessary because using gas as a fuel is not appropriate for all ships. Hapag-Lloyd reported that 16 of its ships are prepared to run on LNG. These are vessels that they purchased through Hapag-2017 Lloyd's merger with the Arab shipping business UASC. Since 2015, one of their enormous cargo ships, Sajir, has been powered by LNG. They anticipate reducing SOx and fine dust emissions by 90 Percent and saving 15 Percent to 30 Percent on CO2 emissions with this new mission.REDUCING EMPTY CONTAINERS SUPPLY CHAINToday, every third container that is shipped throughout the world is empty. This indicates that in 2021, nearly one-third of the 150 million containers were carried empty, leaving a lot of space for improvement. Due to storage costs, handling costs, and low usage fees, the shipping business bears an annual cost of around $20 billion. In a green shipping container system, carriers are required to collaborate with other companies and share their containers with them and move it from surplus to deficit locations. Each container saves, on average, between $200 and $400 solely in handling fees. This amounts to 12,243,200 kg of CO2 solely on empty containers with at least 6.4 million TEUs relocated per year. While internal corporate inefficiencies account for 1/3 of the issue, trade imbalances account for 2/3 of it. Kuehne+Nagel, Seaco, and CMA CGM use Container xChange's impartial online platform to connect 300+ container owners and prevent empty container moves.IMPLEMENTATION OF RENEWABLE SOURCEAll types of ships can be powered by the limitless power of the wind and sun, which helps to cut down on fuel use, pollution, and greenhouse gas production. A business in Fukuoka, Japan called Eco Marine Power (EMP) specializes in creating sustainable energy for ships. They are passionate about building and creating sail-assisted propulsion systems for ships that utilize wind and sun energy and are zero- or low-emission. Technologies created at EMP will assist shipyards and shipowners in meeting the Energy Efficiency Design Index criteria. Neoline, a green shipping initiative that is nearing market readiness, says that the use of enormous sails in its ships will cut CO2 emissions by 90 Percent. With slow steaming and sail-assisted technology, the ship can travel at a decreased speed of 11 knots while using only half as much energy. It is anticipated to begin operation in 2020 between the US and French coasts. Neoline hopes to create a broader range of maritime transport industry solutions by 2030.FUTURE OF SHIPPING INDUSTRYThe demand for tank containers is rising, and there is a pressing need to take action to lessen our carbon impact. These factors make the shipping business dynamic. The development of 'green' technologies for the maritime sector has been sparked by the rising IMO standards. To comply with the new regulations, the shipping sector must develop and implement novel solutions. Green shipping encourages cleaner methods to enforce pollution control, effective port administration, and equipment management
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