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Maritime Transport and Climate Policy at a Critical Juncture: UNCTAD Report

Image: Marine Vectors

 ​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 Provides Update on the Bora

Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter.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

OECD Issues Report on Ownership and Control

The Maritime Transport Committee of the Organization for Economic Cooperation and Development (OECD) issued a report entitled Ownership and Control of Ships

Libya Acquires New Tankers

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 Mourns a Loss

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

State of Green Markets Green Blue Denmark

Blue Denmark is also green

  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.

U.K. Financial Assistance to Move Freight to Waterways

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.

Economic Effects of U.S. Import Restraints

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

Container Weighing a Task for Shippers Not Terminals: ESPO

File photo

European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it  stresses that the weighing of containers should not burden port handling activities. ESPO explains that the verification of a containers’ weight can indeed play an important role in enhancing safety in maritime transport and the whole transport chain

Verifavia to Monitor Shipping Firms for EU MRV Requirements

Image: Verifavia Shipping

 Verifavia, the world’s leading emissions verification company for the transport sector, has been tasked by five shipping companies with performing a pre-verification gap analysis against the European Commission’s (EC) Monitoring, Reporting and Verification (MRV) rules.    DFDS Seaways, Euronav Ship Management, NEDA Maritime Agency, Seaspan Ship Management and Synergy Maritime, have all appointed Verifavia to assess their organisations for MRV readiness.  

Spotlight on Links Between Maritime Transport and Sustainability

Photo: World Bank

 The 2015 Review of Maritime Transport, published by the United Nations Conference on Trade and Development (UNCTAD), underscored the role of maritime transport in helping implement a workable international sustainable development agenda.  

Shipping Fleet Grew at Lowest Rate, says UN

Image: Maersk Line

 The world's commercial fleet grew by 3.5 percent during the 12 months to Jan 1, 2015, the lowest annual growth rate in over a decade, the United Nations Conference on Trade and Development (UNCTAD) reveals on Wednesday in its Review of Maritime Transport 2015.  

Gloomy Outlook for Box Shipping?

Graph: Drewry Shipping Consultants

 As carriers withdraw from unprofitable routes, is there really too little competition in container shipping?   A new report from UNCTAD highlights risks to competition in the container sector, specifically for smaller nations, says Drewry.  

Singapore to Develop Maritime Ports in Egypt

Image: PSA Singapore

 The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post.  

Box Ship Sinaran Andaman Sank off Thailand

Cambodian cargo ship. Photo: Royal Thai Navy

 A Cambodian-registered container ship and a fishing boat sank in rough seas off Phuket on Wednesday morning, but the navy saved both crews.   The cargo ship Sinaran Andaman reportedly suffers an engine problem en route from Tub Lamu and the heavy seas forced it onto the nearby rock

First LNG-fuelled Ferry in North America Commissioned

Image: Gaz Métro LNG L.P.

 Gaz Métro, a large LNG distributor, has commissioned the first ferry in North America to run on LNG, the NM F.-A.-Gauthier, through its subsidiary, Gaz Métro LNG L.P.    The vessel was commissioned in Québec, Canada

IMO Signs Global Maritime Energy Efficiency Partnerships Project

Image: International Maritime Organization (IMO)

 International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.0 million to a two-year global maritime energy efficiency partnership project

Ondimar Firms Order Suezmax Quartet at Navantia

NAVANTIA ratified contracts to build 4 Suezmax tankers, expandable to two

  Navantia and Maritime Transport Ondimar LDA (shipping company Ibaizabal Group) today ratified the contracts signed in late June and the financial structure for the construction of 4 Suezmax tankers, expandable to two. 4 boats will involve 3 million hours of work for Navantia and the

CMA CGM-led Consortium Win Box Terminal Bid

Kribi Container Terminal

The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government, the consortium formed by the French companies - CMA CGM and Bolloré - and the Chinese CHEC (China

Tsuneishi to Invest in Indonesia Shipyard Business

Photo:  Tsuneishi Holdings Corporation

 Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe.  

NYK Gets Japan's First LNG-Fuelled Tug

NYK Line has taken delivery of Japan’s first liquefied natural gas (LNG)-fueled tugboat from Keihin Dock. "The new tug, named Sakigake, was delivered by Keihin Dock Co. Ltd and is expected confirm the viability of LNG as a marine fuel and to help cultivate a new business field in the

Wah Kwong Acquires DNV GL's ShipManager

Wah Kwong Ship Management and DNV GL - Signing ceremony

  Wah Kwong Ship Management (HK) Limited will adopt DNV GL’s ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting. Wah Kwong is a leading provider of maritime transport in the bulk carrier

Wah Kwong Adopts ShipManager

The signing ceremony. (DNV GL)

Wah Kwong Ship Management (HK) Limited will adopt DNV GL's ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting.   Wah Kwong is a provider of maritime transport in the bulk carrier, tanker and LPG segments

EC Approves Aid for Finland's First LNG Terminal

Pori LNG terminal Photo: Gasum Oy

 The European Commission has approved under EU state aid rules Finland's plans to grant €23 million to construct a small scale LNG terminal at Pori on Finland's west coast.   The European Commission has concluded that Finland's plans to grant €23 million of public funding for

IMO Launches Low-carbon Project: GloMEEP

Representatives from IMO, the lead pilot countries and Singapore at the GloMEEP launch (Photo: IMO)

The Global Maritime Energy Efficiency Partnerships Project (GloMEEP), which aims to support increased uptake and implementation of energy-efficiency measures for shipping, was formally launched on Monday, September 28, in Singapore, at the IMO-Singapore Future-Ready Shipping 2015 conference

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