The Container Ship Safety Forum (CSSF) has been launched as a global business-to-business network that aims to improve safety performance and management practices in the container shipping industry. Founding members CMA CGM Group, Costamare Shipping Company S.A., E.R. Schiffahrt GmbH & Cie. KG, Hamburg Südamerikanische Dampfschiffahrts-Gesellschaft KG, Maersk Line, Rickmers Shipmanagement and Zodiac Maritime Agencies Ltd., have joined forces to improve safety performance through collaboration. The companies will be able to collectively identify common safety hotspots across the container shipping industry and ways to address the underlying causes. “We believe the time is right to increase the focus on safety in the container shipping industry,” said Aslak Ross, Head of Marine Standards and DPA, Maersk Line, and CSSF Steering Committee Member. Other segments of the shipping industry, such as the tanker and offshore industries, have already established collaborative safety forums, but CSSF marks the first time that leading containership companies have come together to drive performance improvements in safety, a representative of CSSF said. Claas-Heye Diekmann, Director Quality Assurance & HSSE, E.R. Schiffahrt GmbH & Cie. KG., and CSSF Steering Committee Member stated
The total Green House Gas emissions from global maritime transport are estimated to have been more than 20% lower in 2012 than in 2007, according to the International Chamber of Shipping (ICS), the global shipping industry’s trade association. The global shipping industry, which transports by sea around 90% of all world trade, is thought to have produced only about 2.2% of the world’s total GHG emissions during 2012 compared to 2.8% in 2007.
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 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
The European Community Shipowners' Associations has released the results of a recent update of an Oxford Economics study on the economic value of the EU shipping industry which highlights the industry’s contribution to the European Union's economy based on new data. The study shows the the marine sector contributed an estimated EUR 147bn ($164bn) to GDP in 2013. For every EUR 1m generated directly, the industry creates another EUR 1
SSI members and key industry stakeholders work together to define tangible milestones across all areas of sustainability that must be collectively delivered by the industry to meet the SSI’s 2040 Vision London – 7 March 2016 - The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, today launched its Roadmap, a set of key milestones and priorities which must be met in order to create a
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.
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
Trade association 'Shipping Australia' says it applauds the Abbott Government’s decision to return the temporary levy on shipping to its original (lower) level. The Government’s budget night announcement that it will return the Protection of the Sea Levy to its original level of 11.25 cents per net registered tonne has been enthusiastically welcomed by the shipping industry. “This decision rights a wrong that was perpetrated when the temporary levy remained in
The total Green House Gas (GHG) emissions from global maritime transport are estimated to have been over 20% lower in 2012 than in 2007, according to "London Matters – the official Maritime London Newsletter", citing the International Chamber of Shipping (ICS). ICS reports that the global shipping industry, which transports by sea around 90% of all world trade, is thought to have produced only about 2.2% of the world’s total GHG emissions during 2012 compared to 2
Damen Shipyards Group said it has signed a sales agreement with scrubber producer AEC Maritime, meaning Damen will now be able to offer ship owners exclusive access to efficient, low maintenance and IMO-certified exhaust gas scrubber technologies.
The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said.
Asia’s largest container shipping company China Cosco Holdings Co posted a net loss of Yuan7.2bn ($1.1bn) for the first six months of 2016, reversing the Yuan2bn net profit seen during the same period last year as excess capacity dragged down cargo rates.
The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to postpone debt repayments to foreign creditors made significant progress, says the cash-strapped firm.
Will there be a layoffs after United Arab Shipping Co (UASC) merging with the German container shipper Hapag-Lloyd? Middle Eastern enterprise UASC expects most of the tie-up’s $400 million cost savings to come from operations rather than layoffs
In the light of three incidents where the crew of tug boats were abducted in the waters off Eastern Sabah and Southern Philippines, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (ReCAAP ISC) published a special
The buzzword for the post-Brexit landscape both in Europe and further afield is ‘uncertainty’. No-one really knows the long term effect that Brexit will have on local and global economies, says Eversheds International.
Total valuation of potential deal at least $113 million; Baltic shareholders key to clinching sale agreement. Singapore Exchange Ltd (SGX) plans to buy one of London's oldest institutions, the Baltic Exchange where shipping rates are published
The University of Nicosia announced the operation of the Cyprus Maritime Academy at the Bernhard Schulte Shipmanagement Centre for Nautical Education, where the academy’s facilities are housed. According to local media reports
For WhisperPower, the SMM trade show will be the launch-pad for promoting a wide range of industrial battery chargers, inverters and inverter / charger combinations for the professional and international commercial shipping industry.
Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, in the latest move by the state-backed bank to exit this troubled sector and cut overall losses through asset sales, two sources told Reuters. RBS, which has not made an annual profit since 2007
While the shipping industry struggles through a historic downturn, ship scrapping business is seeing accelerating demand, reports WSJ. The global economic slowdown is putting shipping through its most bruising period since the 2008 financial crisis.
The Company: For over 130 years, AkzoNobel’s Marine Coatings business, International, has pioneered the development of market-leading coatings for the shipping industry. The firm prides itself in its commitment to innovation, continual investment in research and development and a resolute
German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from NordLB jointly with an unspecified sovereign wealth fund. The portfolio of performing and non-performing loans will include up to
Ship connectivity, smart data and cybersecurity will be central themes on the agenda at the fifth SHIPPINGInsight Fleet Optimization Conference & Exhibition. The annual maritime technology forum and trade show will take place at the Stamford Marriott Hotel & Spa in Stamford, Conn