Vopak to Invest in Rotterdam Terminal
Vopak Rotterdam Botlek is investing in 63.000 cbm state-of-the-art stainless steel capacity (15 tanks) for the storage of Styrene and other hazardous chemicals. Styrene is a vital product used in manufacturing of a wide variety of consumer goods serving markets such as packaging, construction (for example isolation) and automotive. The new infrastructure will be fully insulated to allow for product temperature control and is designed to prevent any emissions to the environment.
South Korea Eximbank Pledges Huge Loans to Shipping
As part of the government's large-scale rescue plan for shipping sector, the Export-Import Bank of Korea (Korea Eximbank) sets a figure for loans and guarantees to the country's shipping sector. According to Yonhap, Korea Eximbank will funnel more than 800 billion won ($749.3 million) in shipping finance as a part of the state-sponsored program to revive the shipping industry following the collapse of Korea’s flag sea carrier Hanjin Shipping.
China's Proposal on ISO Sulphur Test
A proposal by China to mandate specific ISO test methods for sulphur, building on a proposal made by IBIA to the IMO earlier this year, has won support to be further considered as the IMO works on measures to ensure uniform implementation of the 0.50% sulphur limit. China submitted its proposal to the 72nd session of the IMO’s Marine Environment Protection Committee (MEPC 72) last week, proposing that the test method of sulphur content of fuel oil should be made mandatory to avoid disputes…
British Ports Association Writes to PM on Brexit Concerns
The British Ports Association has written to the Prime Minister calling for funding guarantees for any new border facilities and digital infrastructure, which may be needed after the UK leaves the European Union. There are concerns from the industry that those ports with EU traffic will need to provide new facilities and digital infrastructure for government officials to carry out customs and other border checks.
Earth Day: Canada to Protect Ocean
Plastic waste and marine litter pose an increasingly serious threat to our oceans and marine life. Canada is committed to protecting our environment and preserving our waterways, so that all Canadians can continue to enjoy the beauty, health and economic benefits that our oceans, lakes and rivers provide. The Government of Canada is working at home and with international partners to address this serious and growing problem.
Hapag-Lloyd to Cut CO2 Emissions by 20 % by 2020
Hapag-Lloyd is publishing the company’s first sustainability report ever yesterday (April 22) as the world celebrates “Earth Day,” which says that the company had achieved 46 percent reduction between 2007 and 2016. Within the report, the shipping company is announcing for the first time the climate goal it has set for itself: By 2020, Hapag-Lloyd intends to achieve a 20 percent reduction in CO2 emissions per TEU-kilometer (compared to 2016).
IMO to Use IBIA’s Best Practice for Suppliers
The first edition of IBIA’s “Best practice guidance for suppliers for assuring the quality of bunkers delivered to ships” was welcomed by the 72nd session of the IMO’s Marine Environment Protection Committee (MEPC 72) last week, where it was agreed that it would be a good basis for the development of IMO guidance. For the past few years, an IMO Correspondence Group on Fuel oil quality (CG) has been…
Maritime UK Mulls Increased Commonwealth Trade
Alderman The Lord Mountevans, Maritime UK Vice Chair, called for increased trade between UK and Commonwealth countries at the Commonwealth Head of Governments Meeting (CHOGM). Maritime UK brings together the UK’s shipping, ports, services, engineering and leisure marine industries to promote the sector, influence government and drive growth. Lord Mountevans, who addressed the Commonwealth Business Forum, said: “Today the Commonwealth is a modern and dynamic network of peoples.