SEAaT, the association promoting abatement technology and emissions trading for ships, is to host the Shipping Emissions Trading Seminar on 2nd April at the IMO in London, to discuss and develop strategies for the implementation of emissions trading for shipping. The Seminar is by invite only and is structured to provide key stakeholders in shipping, finance and regulatory bodies and is designed to give an insight to the application of emissions trading for the shipping industry - set against the much-publicized environmental imperatives of today. The shipping industry, has so far been omitted from ETS plans, although the European Union has stated that it would like to see ETS for shipping in place. In December, calls for ETS for shipping gained momentum when the British Chamber of Shipping advocated an international emissions trading plan, a move fully supported by SEAaT. The Seminar has attracted a number of industry leaders from the sphere of shipping and emissions trading and will be hosted by the sponsors of SEAaT [BP, Carnival, P&O, the Norwegian Shipowners Association, Stena Line, Shell, the Swedish Shipowners Association and Teekay] as a service to the shipping industry. (www.seaat.org)
The Federal Maritime Commission (FMC) issued a Press Release stating that on September 21 it hosted a panel discussion by representatives of the ocean transportation intermediary (OTI) community. This was the first of a series of briefings with shipping industry representatives intended to develop a greater awareness and understanding of current issues and concerns affecting the U.S. international liner shipping industry.
The International Chamber of Shipping (ICS) – which represents all sectors and trades of the global shipping industry and more than 80% of the world merchant fleet – has produced a briefing document for government climate change negotiators, in advance of the next United Nations Climate Change Conference (COP 17), which commences in Durban at the end of November. The Document entitled ‘Shipping
Cruise ship industry lobbies Congress to relax forthcoming North America SECA exhaust gas emission restrictions The cruise-ship industry, wants an emissions-averaging plan that would allow it to burn the same heavy fuel it always has used in some areas, and it's lobbying Congress for help, according to a report in the Merced Sun-Star. Cruise Lines International Association has proposed a complicated emissions-averaging plan that would allow ships to continue to burn high-sulfur fuel
The European Commission has heeded industry concerns about the poor image of shipping and launched a $4.2 million program it hopes will boost seafarer recruitment and open up awareness of the industry to the general public. The program, which should be underway by the middle of next year, will last three years and will involve participation from other shipping industry players. Addressing industry leaders at a presentation of the InterManager‐supported Key Performance Indicator initiative in
The recent slide in bunker prices has allowed owners to operate their ships at more profitable levels The Shipping Industry has recently benefited from falling oil prices. Fuel has always been a major cost for shipping companies, and the recent slide in prices has allowed them to operate at more profitable levels. The United States Oil Fund (USO) this year has fallen nearly 23 percent, while the Guggenheim Shipping ETF (SEA) is up over 6 percent over the same period according to a
Chairman of the International Association of Classification Societies (IACS) Roberto Cazzulo, speaking at the IMO World Maritime Day Symposium on 'Sustainable Maritime Transportation System', noted that IMO had recently supported in principle his organization's proposal for establishing an (Energy Efficient Design Index) "EEDI Database" for new ships being constructed in accordance with new IMO GHG regulations.
The Korea’s shipping industry, the world largest, is preparing itself for the future. The domestic shipping industry has been sweeping the first seven places across the world in terms of the amount of orders received and the rest amount of them. However, China is also formidable as it is running right after Japan, which is tailing Korea. Korean shipping companies are accelerating their efforts to heighten added value by developing Liquefied Natural Gas (LNG) ships and building high
The Irish Minister for Finance, McCreevy T.D announced a tonnage tax for Ireland in this years Budget. Fahey T.D., Minister for the Marine and Natural Resources, said "the government approval for this unique flat tax rate linked to tonnage will act as a catalyst to regenerate the Irish shipping industry. The industry has been stagnant in recent years and this new tax regime will ensure a more attractive and enhanced fiscal environment
Georgia Tech Professional Education offers Transportation & Distribution Course in Savannah to address changes in the container shipping industry. Georgia Tech Professional Education will offer a Transportation and Distribution Planning and Management (LOG 3120 ) course October 2-4, 2012 at Georgia Tech-Savannah that will focus on the many issues and developments affecting the trade and container shipping industry.
German-based shipowner Harren & Partner (H&P) will implement the DNV GL business intelligence software systems ShipManager Analyzer and ShipManager QHSE for its entire fleet of 52 vessels. Both systems will enable Harren & Partner to extract data from operational systems and
The Chinese and British shipping industries are set to take their mutual cooperation to a higher level following the recent signing of a memorandum of understanding (MOU) reports Xinhua. The MOU was signed by the Lord Mayor of London, Fiona Woolf; the Vice President of the Investment Committee
The Liberian Registry has launched a mobile app to enable owners, managers, operators and others to communicate and interact with the registry on a round-the-clock basis. The FlagState App builds on Liberia’s commitment to provide innovative technology and services to its clients, who own
Hutton’s Group, a ship supplier in the U.K., reported sales of bottled water are up 30% on last year’s figures. The Hull-based supplier to the international shipping industry said it sold almost 40,000 large bottles of still water and nearly 20,000 small bottles this January alone
Terragon Environmental Technologies Inc. was the recipient of the Technical Innovation award at the 2014 Lloyd’s List North American Awards dinner held February 19 in Houston, Texas. The award celebrates the shipping industry’s ability to create and recognizes groundbreaking technology
A new well-intentioned maritime fuel regulation from the Environmental Protection Agency (EPA) is poised to crowd roads and increase onshore air pollution, maintain shipping industry leaders Rod Jones and Bill Terry, President and CEO of the CSL Group and of Eagle Rock Aggregates, respectively
DA-Desk, an independent provider of port cost management services, today announced the promotion of Anna Zhurbenko to Agency Relationship Manager, replacing the retiring head of the department, Bert Hoogenboom. Zhurbenko, who has been with DA-Desk since 2011
ISS-Tositti, the joint venture formed at the beginning of 2005 between the independent marine services organization, Inchcape Shipping Services (ISS), and Venice-based Tositti & C., is teaming up in a new strategic partnership with the Koper-based port agency, Navigo Logistika
Formerly financially troubled FSL Trust Management (FSL Trust) says in its latest FY 2013 report that it has successfully secured a loan covenant relaxation until 31 December 2014, which they hope will enable them to move forward.
South American Company Agrees to Plead Guilty to Price Fixing on Ocean Shipping Services for Cars and Trucks. First Charges in the Department’s Antitrust Investigation Involving Ocean Shipping Services; Conspiracy Affected Global Cargo Shipments, Including at Port of Baltimore.
Maritime Employer representatives, coordinated by the International Shipping Federation (ISF), met with International Transport Workers’ Federation (ITF) counterparts this week at the International Labor Organization to review the ILO recommended minimum wage for the Able Seafarer
U.S. Senators Robert Menendez (D-NJ) and Cory Booker (D-NJ) released the following joint-statement regarding New Jersey’s shortage of rock salt: “We are pleased to hear that the first shipment of rock salt arrived at Port Newark last night
By Jan Schwartz, Reuters Troubled German public-sector bank HSH Nordbank will likely need more state aid than previously thought due to deep losses in shipping lending and back taxes, the bank's supervisory board chairman said. The bank, one of the world's biggest shipping financiers
ICS Chairman, Masamichi Morooka, addressed delegates at the World Ocean Summit organized by The Economist magazine in San Francisco yesterday (25 February), following a key note speech by U.S. Secretary of State, John Kerry, and a video presentation by HRH Prince Charles (of the United Kingdom).
Container ship owners and operators, Rickmers Trust Management, report a net loss of US$8.0 million in 4Q2013 and a lower net profit of US$23.5 million in FY2013, compared to net profits of US$2.2 million and US$27.6 million in 4Q2012 and FY2012 respectively due to a a US$2