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UK Shipping Needs Time to Prepare for 2015 Emission Limits

The UK Chamber of Shipping says shipping needs more time to prepare for the 2015 0.1% sulphur limit introduction in the ECA's The 2015 0.1% sulphur limit applies within the North Sea and English Channel and the Baltic Sea Emission Control Areas. The Chamber's director of safety and environment, David Balston, said: “We fully support the need to reduce sulphur emissions from ships – but we are particularly concerned that many routes will become non viable and for those vessels operating on them we seek transitional arrangements, including very tight time limited exemptions to allow technology to catch up and provide a realistic alternative." These comments were made following the publication of a report by consultancy firm AMEC, commissioned by the Chamber on behalf of several North Sea and Western Channel shipping operators. The report says that the targets for shipping companies to reduce their sulphur emissions by 2015, could cause adverse environmental effects and result in a loss of 2,000 maritime services jobs, and place many more industrial jobs under threat. The report is the first of its kind to examine the full impact of hitting sulphur targets. The report shows the key impacts of hitting the 2015 sulphur reduction targets would be: • Much more freight moved by road, rather than sea – increasing carbon emissions and causing more road congestion


MARAD Study to Improve U.S.-Flag Competitiveness

The U.S. Department of Transportation’s Maritime Administration recently awarded a research contract to PricewaterhouseCoopers, LLC, of New York, to identify factors that significantly impact the ability of U.S.-flagged ship operators transporting goods to remain competitive.  Current maritime industry estimates appear to indicate that costs associated with operating these vessels under U.S. registry standards are approximately three times higher than those incurred by the


Israel's Zim Line Falls Deeper in the Red in 2013

Image courtesy of Zim Line

Revenues of Zim, Israel Corp's shipping unit, dropped 7 percent as overall freight rates declined by 9 percent in 2013 and its loss rose from US$ 433-million in 2012 to US$535-million in 2013, according to Xinhua. Container ship operators Zim Line, which holds 2 percent of the international shipping market, is in the middle of financial restructuring. The process includes negotiations on cancelling the state's golden share, while keeping Israel's security needs and government interests.


FMC Acts On Mississippi Towage Arrangements

The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the news that the U.S Federal Maritime Commission (FMC) has agreed it has jurisdiction in the matter of Exclusive Towage Contracts issues in the lower Mississippi River. Accordingly, the FMC has issued a "show cause" order to the principal bulk terminals with such contracts. Roger Holt, Secretary-General of INTERCARGO said today, "This show-cause order requires the marine terminal operators to demonstrate why they


Taking the Guesswork Out of Bunker Procurement

Inatech launches its Optimizer to add smart decision making for fuel purchasing to its cloud-based management solution for the entire fuel procurement process. The company explains that Optimizer helps ship operators take the guesswork out of their fuel purchasing decisions by providing real-time guidance on the three key factors of quantity, location and price strategy-how much fuel to buy for each ship in their fleet


Guidance for Private Maritime Security Providers Agreed by IMO’s MSC

Interim guidance to private maritime security companies (PMSCs) agreed by IMO's Maritime Safety Committee (MSC), at latest meeting in London A special high-level segment of the MSC saw an intense debate, over the first day and a half of the Committee’s session, on how the international community should deal with issues related to the deployment of privately contracted armed security personnel (PCASP) on board ships and the carriage of arms on board.


Videotel Assists Shipowners

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Ship operators concerned about complying with the newly enforced garbage management rules can now turn to Videotel for support.   Important new updates to MARPOL Annex V entered into force on January 1, 2013 and have revolutionised the way the industry must look at the issue of waste disposal.  In response to this, Videotel has extensively updated its Garbage Management training program to accommodate the radical shift of emphasis the new legislation entails.   


Experts Mull Risks Of Mid-Sea Gasoline Transfer

Salvage workers and shipping experts were studying a possible mid-sea transfer of nearly 30,000 tons of gasoline from a damaged tanker at risk of exploding, the ship's operators said. Spanish authorities insisted the tanker would not be allowed back into the country's waters to carry out the potentially risky operation. A tugboat carrying equipment and specialists for the operation had joined the Greek-owned tanker Castor


ICS Presents Shipping Economic Challenges to World Ministers

At the OECD International Transport Forum in Leipzig, Germany, the annual gathering of the world's transport ministers from more than 50 countries (May 22-24), the views of the global shipping industry were represented by the International Chamber of Shipping (ICS), the principal global trade association for shipowners.   ICS explained the realities of the very serious economic challenges presently confronting shipping at a special ministerial session on the financing of sustainable


FMC Budget Request

The Administration requests $19.5 million for the operation of the Federal Maritime Commission for fiscal year 2005. Approximately $18.4 million was appropriated for FMC operations in fiscal year 2004. The FMC is a five member independent agency responsible for enforcing international shipping rules and regulations involving carriers (container ship operators), shippers (companies owning goods to be transported), and transportation facilitators such as freight forwarders


Dry Bulk Freight Market Recovery Slows

Image: China COSCO Bulk Shipping (Group) Co., Ltd

 The global dry bulk freight market, crippled by oversupply but seeing signs of renewed activity, is expected to take at least a year to hit the road to recovery, according to the latest Platts survey of shipping market participants.  


China’s Currency Devaluation Good for Shipping

Image: Maersk Line

 The depreciation of the Chinese currency will help both international and domestic shipping operators in the region that have been stuggling of late with growing costs and rising competition, says Maersk.   Xinhua quoted Tim Smith


Maersk Cuts Growth Forecast

Photo: Maersk Line

 Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT.   Maersk overcame low oil prices and freight rates in its container


ClassNK Releases Annual Report on Port State Control

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Classification society ClassNK has released its annual report on Port State Control. The report, which aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by PSC as well as deficiencies that were found on


South Korea Okays Casinos on Cruise Ships

Sapphire Princess. Image by Princess Cruise Lines, Ltd

 South Korea has given the go-ahead for cruise ships to operate onboard casinos for foreign guests, , reports the Korea Joongang Daily newspaper.   South Korean cruise vessels voyaging overseas will be able to operate casinos on board – but casino admission will be only for


Arctic Range of Liferafts Introduced

The heating blanket developed by SurvitecZodiac makes all of its liferafts suitable for Arctic use (Photo: Survitec)

Ship operators working in polar regions can now equip vessels with liferafts from the SurvitecZodiac range that have been manufactured to meet Arctic operating conditions. This follows SurvitecZodiac’ development of a heating system that can be specified to keep any one of the nearly 60


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


Scottish Exporters Bullish on New Shipping Service

BG Rotterdam. Photo: B.G. Freight Line B.V

 As the shipping operator BG Freight Line is set for a new freight service connecting the links, Scotland’s food and drink, chemical and manufacturing industries are looking for a boost.   BG Freight Line, wholly-owned by Clydeport owner Peel Ports


Commerzbank Sells 18 Ships for $254.5mln

KKR & Co LP's Embarcadero Maritime unit will pay $254.5 million to buy 18 dry bulk and container ships from Commerzbank AG's Hanseatic Ship Asset Management GmbH, the companies said on Thursday.   U.S. private equity firm KKR and London-based independent ship operator Borealis Maritime


New Guidance on Large Scale Migrant Rescue

Photo: ICS

The global shipping industry, represented by a cross section of international shipowners' associations and seafarers' unions, has collectively updated the industry's Guidelines on Large Scale Rescue Operations at Sea.   This is in response to the continuing crisis in the Mediterranean


Crashed Cruise Ship Refloated; St. Lawrence Seaway Reopens

MS Saint Laurent. Pic by FleetPro

 The cruise ship MS Saint Laurent has been re-floated, all passengers are safely off and the lock has been re-opened, following the collision on last Thursday.   "Today (Saturday afternoon), the passenger cruise ship Saint Laurent was safely re-floated and exited the Eisenhower


LR to Class Entire NORDEN Fleet

Nord Mermaid (Photo: Norden)

Thirty-two ships will be transferred to Lloyd’s Register Class as part of the agreement that covers 57 ships including NORDEN’s entire fleet   Ship operator Dampskibsselskabet NORDEN A/S, based in Copenhagen, has contracted LR to class 57 ships


Making Data a Priority is Key

During a conference in Oslo, KVH CEO Martin Kits van Heyningen urged maritime operators to utilize big data in order to remain competitive. The future competitiveness of the maritime industry will be affected by how rapidly shipping operators take advantage of big data


Using Key Data to Remain Competitive

KVH CEO Martin Kits van Heyningen Photo linkedin

During a conference in Oslo, KVH CEO Martin Kits van Heyningen urged maritime operators to utilize big data in order to remain competitive The future competitiveness of the maritime industry will be affected by how rapidly shipping operators take advantage of big data


Chemical Shipping Fortunes Lifted by Swing Ships

Photo: Drewry

Chemical shipping faces another tough year, but prospects are improving thanks to the strength of the product tanker market which is attracting a growing number of swing ships out of chemicals into products, according to the latest edition of the Chemical Forecaster






 
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