Carbon Ridge and Scorpio Tankers have successfully deployed the world's first centrifugal ship carbon capture system, designed to capture carbon dioxide directly from ship emissions to reduce their carbon footprint. This innovative technology offers a new solution for sustainability in the shipping industry, helping the sector achieve its emission reduction targets.
IATA, in collaboration with ATPCO and Amex GBT, is exploring the creation of a transparent and consistent carbon emission data system for air travel. The workshop focused on carbon emission methodologies, corporate needs, data standardization, and the application of IATA CO2 Connect. The aim is to provide businesses and individuals with clearer choices and collectively promote the sustainable development of the aviation industry, building a greener future. This initiative strives to offer reliable data, enabling informed decisions towards reducing the environmental impact of air travel.
The aviation industry aims for net-zero emissions by 2050, relying on emission reductions, carbon offsetting, and carbon capture. Focus is placed on the quality of carbon offsets, exploring options like forest conservation and direct air capture. IATA provides technical guidance and references for these strategies. The industry recognizes the need for a multi-faceted approach to achieve its ambitious climate goals, balancing technological advancements with nature-based solutions and robust verification processes for carbon offsetting initiatives.
IATA has launched 'IATA CO2 Connect,' a carbon emission calculator that uses real airline data to accurately calculate the carbon footprint per passenger. This tool considers various factors, including aircraft type, flight distance, fuel consumption, and the use of Sustainable Aviation Fuel (SAF). It aims to enhance transparency in carbon emissions, empowering travelers to make more environmentally conscious travel choices and promoting sustainable development within the aviation industry. By providing precise data, IATA CO2 Connect supports informed decision-making and encourages the adoption of greener practices.
As Norway's second largest port, Bergen Port actively promotes sustainable development and aims to become a zero-emission port. The port authority integrates green infrastructure and low-carbon transportation solutions, alongside community engagement, to harmonize environmental measures with economic growth, setting an example for green shipping in Northern Europe.
The aviation industry faces significant environmental challenges, requiring strategies like noise management, emission control, and waste management. Sustainable aviation fuels, carbon offsetting, and carbon trading are crucial tools. A circular economy model for aircraft retirement is essential. The industry aims to reduce emissions by 50% by 2050, demanding collaborative efforts and talent development across the entire sector. This includes investing in research and development, implementing stricter regulations, and fostering public awareness about the environmental impact of air travel.
This article provides an in-depth analysis of export tax rebate calculation methods, emphasizing the use of tax-exclusive FOB value as the basis, avoiding the common mistake of calculating based on tax-inclusive amounts or customs declaration amounts. For C&F and CIF trade terms, it clarifies the handling of freight and insurance costs. The aim is to help export companies accurately grasp tax rebate policies, comply with regulations, and reduce export costs. This ensures correct rebate applications and avoids potential financial penalties.
This article provides a detailed analysis of international sea freight calculation methods, covering Less than Container Load (LCL) and Full Container Load (FCL) freight structures, special cargo surcharges, and key considerations. Understanding these points helps businesses accurately estimate sea freight costs, optimize logistics budgets, and enhance global trade competitiveness. By mastering these concepts, companies can gain better control over their shipping expenses and improve their overall profitability in the international market.
Carbon Ridge has partnered with Scorpio Tankers to launch the shipping industry's first centrifugal carbon capture system (OCCS), implemented on the STI SPIGA oil tanker. This technology is modular, cost-effective, and significantly enhances capture efficiency, helping shipping companies gain a competitive edge in environmental sustainability and compliance.
COSCO Shipping recently named a new LNG RoRo vessel, "Chengkangkou," in Xiamen. The ship is 199.9 meters long, has 13 decks, and can carry a maximum of 7,500 vehicles, with an expected carbon emission reduction of 27%. The plan is to expand the fleet to 30 vessels in the future, promoting green shipping initiatives.
