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KR Verifies HMM's Greenhouse Gas Reduction Calculation Methodology - The Maritime Executive

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KR has awarded a third-party verification certificate for a “Greenhouse Gas Reduction Calculation Methodology” developed by HMM, South Korea’s largest shipping company. The methodology is based on the Renewable Energy Directive ?, a regulatory framework adopted by the EU to promote the use of renewable energy to all member states.

Last year, the International Maritime Organization (IMO) set a goal of achieving net zero carbon emissions in international shipping by 2050. Discussions on the Life Cycle Assessment (LCA) methodology for marine fuel oil are underway, accelerating the movement towards carbon neutrality.

The greenhouse gas reduction methodology verified by KR involves calculating the amount of reduced greenhouse gases based on the fuel&#39;s life cycle emissions (WtW, Well-to-Wake), which includes WtT (Well-to-Tank) and TtW (Tank-to-Wake) emissions. HMM uses this verified methodology in their &#39;Green Sailing Service&#39;. This service aims to help shippers and stakeholders reduce Scope 3 carbon emissions, by allowing them to report carbon reductions directly resulting from HMM vessels sailing on low-carbon fuels.

In response to current regulatory changes, shipping companies are diligently searching for suitable alternative fuels and their efficient application. Biofuel, a blend of biodiesel from used cooking oil and standard marine oil, is gaining traction due to its compliance with IMO regulations without necessitating engine modifications.

HMM is at the forefront of adopting biofuel, collaborating with GS Caltex and KR. Last year, they marked a significant milestone with the successful biofuel trial on its 6,400 TEU container ship, HMM TACOMA.

SONG Kanghyun, Head &amp; Senior Vice President of KR’s Decarbonization?Ship R&amp;D Center, commented on the industry&#39;s challenges in adopting new technologies amidst fierce competition for next-generation alternative fuels. He emphasized KR&#39;s commitment to aiding shipping companies in adhering to greenhouse gas regulations through the proactive development of alternative fuel technologies and the monitoring of international regulations.
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KR Verifies HMM’s Greenhouse Gas Reduction Calculation Methodology
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<figcaption>SONG Kanghyun (left), Head &amp; Senior Vice President of KR’s Decarbonization?Ship R&amp;D Center, and KIM Shin (right), Chief Container Business Officer of HMM.</figcaption>
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<p>[By: Korean Register]</p>

<p align="left"><a href="http://www.krs.co.kr">KR</a&gt; has awarded a third-party verification certificate for a &ldquo;Greenhouse Gas Reduction Calculation Methodology&rdquo; developed by HMM, South Korea&rsquo;s largest shipping company. The methodology is based on the Renewable Energy Directive ?, a regulatory framework adopted by the EU to promote the use of renewable energy to all member states.</p>

<p align="left">Last year, the International Maritime Organization (IMO) set a goal of achieving net zero carbon emissions in international shipping by 2050. Discussions on the Life Cycle Assessment (LCA) methodology for marine fuel oil are underway, accelerating the movement towards carbon neutrality.</p>

<p align="left">The greenhouse gas reduction methodology verified by KR involves calculating the amount of reduced greenhouse gases based on the fuel&#39;s life cycle emissions (WtW, Well-to-Wake), which includes WtT (Well-to-Tank) and TtW (Tank-to-Wake) emissions. HMM uses this verified methodology in their &#39;Green Sailing Service&#39;. This service aims to help shippers and stakeholders reduce Scope 3 carbon emissions, by allowing them to report carbon reductions directly resulting from HMM vessels sailing on low-carbon fuels.</p>

<p align="left">In response to current regulatory changes, shipping companies are diligently searching for suitable alternative fuels and their efficient application. Biofuel, a blend of biodiesel from used cooking oil and standard marine oil, is gaining traction due to its compliance with IMO regulations without necessitating engine modifications.</p>

<p align="left">HMM is at the forefront of adopting biofuel, collaborating with GS Caltex and KR. Last year, they marked a significant milestone with the successful biofuel trial on its 6,400 TEU container ship, HMM TACOMA.</p>

<p align="left">SONG Kanghyun, Head &amp; Senior Vice President of KR&rsquo;s Decarbonization?Ship R&amp;D Center, commented on the industry&#39;s challenges in adopting new technologies amidst fierce competition for next-generation alternative fuels. He emphasized KR&#39;s commitment to aiding shipping companies in adhering to greenhouse gas regulations through the proactive development of alternative fuel technologies and the monitoring of international regulations.</p>

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<h2 class="title">
<a href="https://maritime-executive.com/article/sri-lanka-nabs-oil-polluting-tan…; target="_blank" class="font-firasans">Sri Lanka Nabs Oil Polluting Tanker Using Satellite Surveillance</a>
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<p class="author datePublished">
Published
Feb 21, 2024 4:14 PM by
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<a href="https://maritime-executive.com/author/marex&quot; class="color-2 font-roboto">
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<p class="summary">
&nbsp;

The Marine Environment Protection Authority of Sri Lanka is touting its success at nabbing an &ldquo;unauthorized oil release&rdquo; as part of a sophisticated new satellite surveillance system it began testing with support from France. According to the statement released by the authority on social media, it was the first successful case although they have already had more than 100 detection reports from the system.

The Global Crest, a 12,900 dwt crude oil tanker registered in Panama was in Sri...
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<img src="/media/images/article/Photos/Navy_Govt_CoastGuard/Houthi-antiship-missile-parade-yahya-saree.b67c52.jpg" alt="Houthi anti-ship missiles on parade (Yahya Saree / Houthi Military Media)" class="img-responsive " id="" />

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<h2 class="title">
<a href="https://maritime-executive.com/article/bulker-damaged-by-houthi-missile…; target="_blank" class="font-firasans">Bulker Damaged by Houthi Missile is Afloat, But Sitting Low in the Water</a>
</h2>

<p class="author datePublished">
Published
Feb 21, 2024 3:58 PM by
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<a href="https://maritime-executive.com/author/marex&quot; class="color-2 font-roboto">
The Maritime Executive
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</p>

<p class="summary">
A bulker that was hit by a Houthi missile and damaged on Sunday is still afloat and may be salvageable, based on industry reports and new photos released by the BBC.&nbsp;

Yemen&#39;s Houthi rebels attacked and damaged the bulker Rubymar in the Strait of Bab el-Mandeb late Sunday, prompting the crew to abandon ship. The master reported a blast nearby and damage to the engine room.

Rubymar&#39;s crew were all safely rescued by a good samaritan vessel, and the Djibouti...
</p>

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<div class="image no-padding-xs">
<img src="/media/images/article/Photos/Vessels_Small/Hornblower-San-francisco.aaaf37.jpg" alt="Hornblower excursion" class="img-responsive " id="" />

</div></a>
<div class="desc body no-padding-xs">

<h2 class="title">
<a href="https://maritime-executive.com/article/hornblower-recapitalizes-through…; target="_blank" class="font-firasans">Hornblower Recapitalizes Through Bankruptcy, Closing American Queen Voyages</a>
</h2>

<p class="author datePublished">
Published
Feb 21, 2024 2:46 PM by
<b>
<a href="https://maritime-executive.com/author/marex&quot; class="color-2 font-roboto">
The Maritime Executive
</a>
</b>
</p>

<p class="summary">
&nbsp;

Hornblower Group, which operates ferries, excursion boats, and had an inland cruise line, filed for bankruptcy as part of a recapitalization plan with an alternative investment firm. The company&rsquo;s cruise line, American Queen Voyages, officially suspended operations and was placed up for sale as the new owners reportedly plan to focus on the ferries and day tours leaving the overnight cruise business.

Hornblower, which was started in 1980, has acquired city tour companies and expanded its excursion business since...
</p>

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<h2 class="title">
<a href="https://maritime-executive.com/editorials/developing-onboard-carbon-cap…; target="_blank" class="font-firasans">Developing Onboard Carbon Capture and Storage for the Maritime Industry</a>
</h2>

<p class="author datePublished">
Published
Feb 21, 2024 2:00 PM by
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<a href="https://maritime-executive.com/author/hamid-daiyan&quot; class="color-2 font-roboto">
Hamid Daiyan
</a>
</b>
</p>

<p class="summary">
Technology to enable the reduction of emissions from ships is emerging with support from class, writes Hamid Daiyan, Sustainability Manager, ABS.

The potential of onboard carbon capture and storage (CCS) to reduce emissions from shipping is subject to ever-growing interest from the shipping industry. As vessel operators seek to comply with current and future regulations and achieve long-term climate goals, carbon capture promises to play a key role.

One of the key...
</p>

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