May 2026

BIMCO Issues Time Charter for Carbon Transport

BIMCO has released a new standardized time charter party for the transport of liquefied carbon dioxide, targeting a fast-developing market linked to carbon capture and storage projects. The contract, CO2TIME 2026, was adopted by BIMCO’s Documentary Committee and is the first charter party designed specifically for liquefied CO2 carriage, addressing growing demand for maritime links between industrial emitters and storage sites. “CO2 transport is a developing trade with a unique risk profile ... [+]

Net-zero Push Stalls as Supply Lags Readiness

A new report highlights a growing disconnect in maritime decarbonization: vessels are increasingly ready to run on low-carbon fuels, but scalable fuel supply remains largely absent, creating what the study calls a “deadlock” in the transition to net zero. The report from Accelleron finds shipping emissions reached record levels in 2024, ... [+]