As the global community commits to the new Sustainable Development Goals and gears up for a new international climate policy agreement, the UNCTAD Review of Maritime Transport 2015 highlights the role of freight transport, including maritime transport, in addressing the global sustainability and resilience agenda. With more than 80 per cent of world merchandise trade by volume being carried by sea, maritime transport remains the backbone of international trade and globalization, the report says. Equally, the sector is a key enabling factor for other sectors and economic activities. The Review of Maritime Transport 2015 underlines that maritime transport is facing the dual challenge of climate change mitigation and adaptation. While curbing greenhouse gas emissions remains urgent to ensure manageable global warming levels, the effects of climate variability and change – irrespective of the causes – are already being felt in different parts of the world, often in the poorest countries which are less able to cope. Seaports, acting as key nodes in international transport networks across supply chains, are particularly vulnerable to climate change due to their location in coastal and low-lying areas. They are likely to be affected directly and indirectly by climatic factors such as rising sea levels, extreme weather events and rising temperatures.
Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing
The Maritime Transport Committee of the Organization for Economic Cooperation and Development (OECD) issued a report entitled Ownership and Control of Ships
Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai
Multiport, the network of independent ship agents, is sad to announce the death of Mr Hylton Clarke, managing director of its Jamaican member, Maritime & Transport Services Ltd. Clarke was a leading member of the Jamaican shipping community, and the longest serving member on the managing committee of the Shipping Association of Jamaica. "He was a man of the greatest integrity, with a great sense of humour and enjoyment of life," said Multiport secretary-general Peter
Blue Denmark is also green. Therefore, Denmark’s official green brand, State of Green, is now launching a new theme on its website focusing on green maritime solutions. As a nation, Denmark has become well-known internationally in the green maritime field and now we intend to become even better at getting this across by means of State of Green’s new initiative that focuses on sustainable, green maritime transport and technological solutions.
The UK Department for Transport issued its Consultation Document entitled Financial Assistance for Moving Freight from Road to Inland Waterway and Maritime Transport. The post-consultation response indicates broad support for grants to encourage increased use of waterways in lieu of roadways to transport freight in the U.K. Differences remain, however, with regard to detailed implementation.
The U.S. International Trade Commission issued a lengthy report entitled -The Economic Effects of Significant U.S. Import Restraints Third Update 2002 .The report reviews a variety of import restraints including the maritime cabotage laws. It concludes that eliminating the restriction on maritime transport and liberalization of the U.S. build requirement for vessels engaged in the coastwise trade would provide an economic benefit of $917
The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP), Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia. Georgia is one of the Lead Pilot Countries for the project, which aims to build understanding and knowledge of technical and operational energy-efficiency measures to lead maritime transport into a low-carbon future.
Pursuant to the Maritime Transport Agreement signed between the Republic of Liberia and the People’s Republic of China on 3 November 2015, Liberia will be added to the preferential list of countries when determining the tonnage dues for vessels calling Chinese ports effective as from 14 February 2016. The Agreement serves to further develop friendly relations between the two governments and strengthen their cooperation in the field of maritime transport on the basis of
The future of European shipping policy was debated on Wednesday in a seminar held in Valletta, Malta, a few days after the European Commission published the implementation report of its mid-term Review of EU Maritime Transport Policy.
Marine services provider Marine and Towage Services Group Ltd. (MTS) said it has purchased MTS Terramare, a multipurpose landing craft. The vessel enables the delivery of cargo, construction equipment and other materials directly onto land, without the need for dedicated dockside facilities
European Shipping Week has been granted the European Parliament’s official patronage by its President, Mr Martin Schultz. Commenting on European Shipping Week, Mr Schultz said his institution appreciated the opportunity for open dialogue between policy makers and representatives of the
CMA CGM and ENGIE signed a Memorandum of Understanding to promote LNG as the marine fuel for tomorrow’s container vessels. Farid Salem, Executive Officer of the CMA CGM Group, and Isabelle Kocher, CEO of ENGIE, signed the agreement today at the Marseille headquarters of CMA CGM.
Russia and Iran plan railway link through Azerbaijan that would aim to grab a share of the cargo now being shipped through the Suez Canal, reports Tasnim. Russia’s transport minister, Maxim Sokolovm, said Tehran and Moscow are considering establishing a rail link that
Augmenting operational efficiency of ports & optimizing logistics evacuation can give boost to Indian trade and help seize the big opportunity of growth in Indian cargo traffic at ports which is estimated to increase to 2.5 bn MMTPA by 2025
Vard Holdings Limited announced that it has secured a contract for the design and construction of three Module Carrier Vessels for Kazmortransflot (KMTF). The contract win was previously disclosed on July 29, 2016. The vessels, of VARD 9 28 design
Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half, down from the year-earlier profit of 2 billion yuan, reports Nikkei Asian Review.
Whilst LNG has proven to be a viable option as a bunkering fuel for ships, there are still challenges to the pace of its development and demand for LNG as a fuel. One of the obstacles to the accelerated uptake is the uncertainty regarding its availability.
French container shipper CMA CGM received Manuel Valls, Prime Minister of France, the CMA CGM Tower, Group headquarters in Marseille, Friday September 9. The Prime Minister was accompanied by Emmanuelle Cosse, Minister for Housing and Sustainable Habitat
Practical guidance on how to develop, adopt and update national maritime transport policy was the focus for a one-day seminar in Batumi, Georgia (14 September), aimed at senior maritime transport officials from the littoral States of the Black and Caspian Seas and Moldova.
Kenya has marked this year’s WorldMaritimeDay with celebrations held in Mombasa, Kenya (20 September). International Maritime Organization (IMO)’s Juvenal Shiundu delivered a goodwill message on behalf of IMO Secretary-General Kitack Lim
“Maritime transport is the backbone of global trade and the global economy,” said the UN chief in a message on the World Day, which is observed annually on 29 September, and whose theme this year is Shipping: indispensable to the world.
Shipping industry executives say the increased security threat from cyber and data privacy breaches is the number one risk to its sector, according to a new ranking released today by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company.
An extensive area of the Trondheimsfjord in Northern Norway was designated as an official test bed for autonomous shipping by the Norwegian Coastal Authority (NCA), during a special event in Trondheim, Norway on Friday, September 30th 2016.