• Home
  • News
  • Wärtsilä welcomes global shipping’s agreement to cut greenhouse gas emissions
  • 2018 April 21 14:47

    Wärtsilä welcomes global shipping’s agreement to cut greenhouse gas emissions

    The technology group Wärtsilä announces its strong support for the agreement reached last week at the International Maritime Organization (IMO) in London. The agreed plan is for shipping to reduce its greenhouse gas (GHG) emissions by 50 percent from 2008 levels by 2050, the company said in its press release.

    “This long-awaited agreement represents an important milestone for global shipping. It is critical that we have an industry-wide framework for reducing emissions, and this sends a clear signal that we should all join forces in promoting carbon-free shipping,” says Jaakko Eskola, Wärtsilä’s CEO. “The next extremely important step must be to define concrete abatement measures, and to establish a clear roadmap together with the industry and decision-making bodies.”

    Maritime transport has always played a major role in making it possible for a truly global economy to function. Shipping connects countries and markets, thus forming the backbone of international trade. The sector has, therefore, a responsibility to strive for sustainable performance in its operations so that emissions and pollutants are minimised.

    Wärtsilä has long focused its development work on introducing technologies that enable shipping to significantly lower its environmental load.

    “It is vital to note that there is no single solution for decarbonising the shipping sector while also controlling the other pollutants,” Eskola points out. “A clean-shipping future must be based on the combining of different technologies and various solutions. These will include cleaner fuels, efficient vessel designs, hybrid propulsion technologies, and intelligent vessels.”

    Increased adoption of liquefied natural gas (LNG) as a marine fuel will be needed to accelerate the reduction in GHG. The progress already made in LNG-related innovations can lower emissions of GHG from vessels by as much as 30 percent. The potential for even further reductions is being created by the constant development of new technologies. LNG as a marine fuel has a crucial role in GHG reduction roadmap, and provides the basis for other actions to even further reduce the emissions of shipping. Wärtsilä puts a great effort to create offering enabling effective utilisation of LNG.

    Digitalisation is benefitting society at large and will have a positive impact on shipping. Wärtsilä’s Smart Marine vision, which utilises high levels of digitalisation and connectivity, aims at increasing overall resource efficiency, minimising the environmental burden, and increasing the safety and reliability of maritime transport.

    “We should look beyond just vessel-level emissions. To be truly effective, we need to target everything involved in moving goods and passengers. At Wärtsilä, we envision a Smart Marine Ecosystem wherein smart vessels sail between smart ports in an environment of optimal efficiency and minimised emissions,” comments Jaakko Eskola.

    In welcoming this IMO agreement, Wärtsilä urges all relevant parties to join forces in making shipping more sustainable.

    Wärtsilä in brief:

    Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2017, Wärtsilä’s net sales totalled EUR 4.9 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.




2021 December 7

18:15 Ernst Russ AG to acquire further shares in a Fleet Holding Company
17:59 Kuzey Star Shipyard holds steel cutting ceremony for Atomflot’s new floating dock
17:36 Stena Line expands and launches new route between Stockholm Norvik and Hanko
17:15 Boskalis consortium secures EUR 24 million research grant to advance emission-free shipping
16:45 New report highlights regional economic importance of Ports of Stockholm
16:33 LAS Admiral Panteleev of RF Navy’s Pacific Fleet started transition to Vladivostok from Indonesia after participation in ARNEX-2021
16:15 Angola starts CLOV Phase 2 project
15:50 Rosneft signed contract with Indian Oil for supplying up to 2 mln tons of crude oil to India
15:45 Strategic Marine wins additional order for new 42m Fast Crew Boat from Centus Marine
15:27 Ships of RF Navy and Egypt Navy start naval phase of Bridge of Friendship 2021 joint exercise
15:03 Wärtsilä partners with Microsoft to strengthen their Edge platform and industrialise Marine IoT
14:41 NOVATEK and RWE sign MOU on decarbonization and LNG
14:23 ABS grants Alfa Laval the marine industry’s first approval in principle for firing boilers with methanol
14:08 Nonius Engineering supports International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
13:50 Cox Marine collaborates with clean maritime consortium to demonstrate world-first diesel-hydrogen outboard
13:22 The leading Russian supertrawler for the Russian Fishery Company has successfully inclined
12:36 Throughput of Rostov-on-Don port in 11M’2021 fell by 15%, year-on-year
12:14 Stena Line to open new daily route to Finland
11:49 Russia joins the Nairobi International Convention on the Removal of Wrecks
11:12 Exports of Sibanthracite Group to India in 2021 to total 3.5 million tonnes of coal and anthracite
11:00 Long Beach and Los Angeles keep ‘Container Dwell Fee’ on hold until Dec. 13
10:51 DSV launches Green Logistics to accelerate the green transition of the industry
10:47 Throughput of Taganrog port in 11M’2021 fell by 2% Y-o-Y
10:24 Average spot market price for Russian M100 product fell to RUB 25,252 pmt
10:06 Flag-raising ceremony held on Norvezhskoye More trawler, first serial factory ship of KMT01 design
09:45 MABUX: Global bunker indexes to turn to firm upward trend on Dec. 07
09:28 Baltic Dry Index as of December 3
09:13 Crude oil prices continue rising

2021 December 6

18:37 The Port of Bergen changes the name of the Hurtigruten terminal
18:22 Preliminary results of Volga Basin cargo traffic – 41.39 million tonnes
18:14 Equinor invests in battery storage company
17:55 ENGIE and Masdar form US$5 billion strategic alliance to drive UAE’s green hydrogen economy
17:38 Moody’s upgrades Global Ports’ rating to Ba1 with stable outlook
17:16 Solstad Offshore announces long-term contracts in Brazil
16:44 Port of HaminaKotka cargo turnover in 11M’2021 fell by 1.5%
16:20 TezMedz and Tabiyat.pk signs contract with Maersk for integrated cold chain solutions
16:05 “K” Line obtains VSPS regarding Australian quarantine for car carrier
15:55 LR and InterManager share new insights into the causes of lifeboat accidents
15:50 Sea Port of Saint-Petersburg upgrades its infrastructure
15:14 Diana Shipping announces the acquisition of a resale new-building Capesize dry bulk vessel
14:57 Arctia’s IB Otso sets off for the Bay of Bothnia as the season’s first icebreaker
14:35 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 14.2% in 2021
14:03 Jan De Nul receives the transport & installation for Vesterhav Nord & Syd wind farm in Denmark
13:48 Onezhsky Shipyard lays down sixth crab catching ship for Russian Crab Group
13:16 DOTr, PPA unveil P316 million Zamboanga port expansion
12:42 Cargo transportation by Volga-Don Canal decreased by 10.6% in navigation season 2021
12:14 New technology risks must be tackled despite decade of progress in ship safety, warns DNV
11:57 Сruise ship Peotr Veliky made first technological voyage
11:38 Mohammed bin Rashid and Mohamed bin Zayed launch UAE Rail Program
11:14 IAA PortNews’ summary of previous week news
10:51 MABUX: No firm trend on Global bunker market on Dec 06
10:20 New shipyard for large-capacity facilities should be built in Russia – opinion
09:29 Crude oil market sees recovery of prices
09:12 Baltic Dry Index as of December 3

2021 December 5

15:03 GasLog Ltd. places order at DSME for four 174000m3 gas carriers
13:27 USCG holds annual SaR exercise off Maui
12:33 Port of Felixstowe tops 100 million TEU
11:51 Vuosaari fairway deepening project completed on schedule, safely and under budget
10:47 New regional technology clusters in WA and Qld driving growth in Australia’s hydrogen sector

2021 December 4

15:21 MOL and Flotation Energy to explore offshore floating wind in Japan