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Sunday, September 23, 2018

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Vitol Invests in Coal-to-oil Venture as Shipping Fuel Rules Loom

© xy / Adobe Stock

Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement.Global oil and shipping companies are looking at any and all options to avoid becoming a casualty of the major market dislocations that the new standards will create when they come into effect in 2020.The U.N. International Maritime Organization (IMO) will ban ships using fuel with a sulphur content higher than 0.5 percent…

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U.S. trade war with China is "on hold" after the governments agreed to drop tariff threats and work on a wider agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Washington is especially keen to sell more of the United States'…

Financiers Turning the Tide on Shipbreaking Practices

© knovakov / Adobe Stock

The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout - its financial backers. Norway's $1 trillion Oil Fund, a leader in ethical investing, in February sold its stake in four firms because they scrap on the beach. Three of the firms excluded by Norway's fund - Taiwan's Evergreen Marine, Precious Shipping and Thoresen Thai Agencies (TTA) of Thailand - say they have been unfairly singled out.

Families of 'Duck Boat' Sinking Victims Sue Tour Operator

The Stretch Duck 7 is removed from Table Rock Lake in Branson, Mo., July 23, 2018. (U.S. Coast Guard photo by Lora Ratliff)

The families of four of the 17 people killed when a World War Two-style tourist "duck boat" sank on a Missouri lake during a storm this month have sued the tour operator, saying it recklessly allowed the vessel out in dangerous weather.On Sunday, relatives of Ervin Coleman, 76, and 2-year-old Maxwell Ly, his great-nephew, both of Indianapolis, sued tour operator Ripley Entertainment Inc, which operates under the name Ride the Ducks, and vessel manufacturer Amphibious Vehicle Manufacturing LLC…

China Shifts to Iranian Tankers to Keep Oil Flowing Amid US Sanctions

© keller / adobe Stock

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.The shift demonstrates that China, Iran's biggest oil customer, wants to keep buying Iranian crude despite the sanctions, which were put back after the United States withdrew in May from a 2015 agreement to halt Iran's nuclear program.The United…

Shipper's Live Export Licence Cancelled after Sheep Deaths at Sea

© Tony Friend / MarineTraffic.com

Australia's government has cancelled the live export licence of the country's biggest livestock shipper, Emanuel Exports Pty Ltd, after investigating the death of thousands of sheep during a shipment to the Middle East last year.In a statement issued late on Tuesday, the government didn't specify why the licence had been revoked, but said the move followed "a thorough investigation and show cause process".Perth-based Emanuel Exports, which has shipped sheep to the Middle East for 55 years…

What Can Beijing Do if China-US Trade Row Worsens?

© Dmitry V. Petrenko / Adobe Stock

China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war.Trump said Monday his threat was retaliation for China's decision to raise tariffs on $50 billion of U.S. goods over the weekend, a move that itself was in response to additional U.S. tariffs on Chinese…

New Rules on Ship Emissions Herald Sea Change for Oil Market

© xy / Adobe Stock

New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife.But the energy and shipping industries are ill-prepared, say analysts, with refiners likely to struggle to meet higher demand for cleaner…

New Research in Biofilms: Fighting Nature with Nature

Encrusting biofouling organisms on a metallic surface. Credit: Maria Salta

Underneath the glistening patchwork of blues and greens lurks an intricate world of unique animal communities, diverse landscapes, and changeable conditions. The ocean is also one of the most extraordinary and fascinating ecosystems on the planet - a place that can host both the source of a problem and the solution. In the maritime sector, an estimated $56 million a year is associated with biofouling for the US Navy alone. Anti-fouling coatings have the potential to reduce millions of tonnes of greenhouse emissions each year…

OP/ED: The 2020 Sulfur Cap – Growing Pains or Mass Hysteria?

Kathy J. Metcalf, President & CEO at the Chamber of Shipping of America

At the stroke of midnight on January 1, 2018, the global shipping industry will be expected to comply with the IMO agreed upon 0.5% sulfur cap for bunker fuels with few waivers available.For vessels which have installed scrubbers, higher sulfur fuels may continue to be used. IMO’s recent agreement on the ban of carriage of non-compliant fuel assures that cheating will not be allowed providing that port states integrate this ban into their respective port state control inspection programs.All that said…

REGULATORY WATCH: The Global 0.50% Sulfur Cap: 30 months and counting down …

Industry frets about the coming deadline. Shipping desperately wants to be ready, but will global shore-based infrastructure and refining capacity match the demand that is sure to come? And … are regulators listening to industry’s concerns? In early June, the U.S. Coast Guard (USCG) and U.S. Environmental Protection Agency (EPA) held a public workshop in Washington to help the agencies prepare for the January 1, 2020 deadline for worldwide implementation of very low sulfur marine fuel that meets the new 0.50% sulfur cap as set forth by the International Maritime Organization (IMO).

Clean Arctic Alliance Welcomes Russian-Finnish Deal on Green Fuel

Image: Clean Arctic Alliance

The Clean Arctic Alliance welcomes the joint statement by  Russian President Vladimir Putin and Finnish President Sauli Niinisto on the need to move to cleaner ships’ fuels such as LNG in the Arctic.Speaking on behalf of the Clean Arctic Alliance, Alexey Knizhnikov of WWF Russia said that “the risks of using heavy fuel oil in the Arctic are too high, and we welcome President Putin and President Niinisto’s vision and leadership in seeking to move to cleaner fuels for Arctic shipping.

Gunvor Halts Refinery Upgrade for New Shipping Fuels

© corlaffra / Adobe Stock

Global energy trader Gunvor Group has put on hold plans to upgrade its Rotterdam refinery that intended to make the plant more competitive ahead of new global rules on shipping fuel quality, it said on Tuesday, citing market conditions.Global oil and shipping companies are looking at options to cope with the new standards that come into effect in 2020.The U.N. International Maritime Organization (IMO) will ban ships using fuel with a sulphur content higher than 0.5 percent, compared to 3.5 percent now…

Aqualis Offshore, Skuld Maritime Agency Under Investigation in Scrapping Case

Photo: NGO Shipbreaking Platform

Aqualis Offshore and Norwegian Insurer Skuld Maritime Agency are under investigation for their involvement in the attempt to illegally export the Harrier to Pakistan for scrapping.NGO Shipbreaking Platform, quoting DN said that Aqualis Offshore issued two certificates for the ship – one for a break-up voyage to Pakistan, another for a voyage to Oman – and it is suspected that the latter was issued to dupe Norwegian authorities in order to circumvent the European waste export ban.Skuld…

New Fuel Rules Push Shipowners to Go Green with LNG

El Coquí, one of the world’s first ConRos powered by LNG (Photo: Crowley)

Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions. This will be enforced…

"What's Your Arctic Fuel Choice?" Clean Arctic Alliance Asks Cosco

TIAN EN. Photo: Cosco Shipping Co., Ltd.

The Clean Arctic Alliance called on Cosco to make public the nature of the fuel that the Chinese cargo vessel Tian’en has used and carried through Arctic waters.Clean Arctic Alliance Lead Advisor Sian Prior was responding to news that the Cosco-owned  Tian’en has departed Arctic waters for the French port of Rouen, having travelled via the Arctic’s Northern Sea Route or “Polar Silk Road” along the coast of Russia, between the Pacific and the Atlantic."Cosco and its customers should…

North America’s First LNG Bunker Barge Delivered

Clean Jacksonville is the the first LNG bunker barge built in North America (Photo: Conrad Industries)

The first liquefied natural gas (LNG) bunker barge to be built in North America has been delivered in Jacksonville, Fla., said U.S. shipbuilder Conrad Industries.The new 2,200 cubic meter bunkering barge, Clean Jacksonville, will service TOTE Maritime Puerto Rico’s LNG-powered Marlin Class containerships, the Isla Bella and Perla del Caribe, which operate between Jacksonville and San Juan, Puerto Rico.The new barge enters operation as the maritime industry increasingly explores…

Trafigura to Build U.S. Deep-Water Oil Port

Image: Trafigura

Swiss commodities trader Trafigura has applied to build a deep-water port in Corpus Christi, Texas, on the Gulf of Mexico, which will be able to load supertankers, reports FT.The report said that the plan would see the commodity house build an offshore deepwater port facility  with a view to accommodate very large crude carriers (VLCC) capable of carrying more than 2m barrels of crude. It requires approval from the US Department of Transportation’s maritime division.According to a Reuters report…

Japan Detects Apparent Chinese Ship Breaking N.Korea Sanctions

Japan on Tuesday said it had detected what appeared to be a Chinese-flagged vessel, 350 km (218 miles) off Shanghai, conducting illegal transfers to a North Korean ship. "Following a comprehensive assessment, the government of Japan strongly suspects that they conducted ship-to-ship transfers banned by UNSCR," Japan's Ministry of Foreign Affairs said in a press release, referring to U.N. Security Council resolutions. A Japanese P-3 maritime patrol plane detected the vessels, which lay alongside each other connected by hoses, on May 19, with one of the ships flying what seemed like a Chinese flag, it said. China has repeatedly said it is fully enforcing U.N. sanctions against North Korea and it would punish any Chinese company breaking them.

Netherlands to Ban Degassing on Inland Navigation Vessels

Photo: Port of Amsterdam

"The Minister of Infrastructure and Water Management, Van Nieuwenhuizen wants the degasification ban to be introduced in the Netherlands by mid-2020," said the statement. A taskforce will be set up in order to ensure in partnership with the business community that the introduction of this national degassing ban runs smoothly. Port of Amsterdam is one of the organisations that will be participating in this process. This marks another step in our liveability programme: a clean and safe port region for local residents and businesses.

Container Shipping Shakeup Needed for Higher Rates

(Photo: Eric Haun)

Container shipping: Change required for higher ratesDemandThe growing imports of loaded containers into the U.S. East Coast (USEC) continues to be a focal point for the container shipping industry. Growing by 10.4 percent in Q1-2018, the first three months saw 215,000 TEU more entering the USEC than in Q1-2017. Exports grew by 55,000 TEU in the same time span, growing outbound loaded containers by 3.8 percent.This illustrates the constantly changing imbalance in U.S. foreign trade. For every five containers entering the USEC in 2013, four were exported.

Oil Tanker Scrapping to Hit Multi-year High

© Evren Kalinbacak / Adobe Stock

The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations.The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after rates for transporting oil plunged to multi-year lows in the wake of excess tanker supply and tepid demand as OPEC production cuts bite."The tanker markets are definitely in a trough at the moment…

Libya Coastguard Commander Says He Hits Migrants to Protect Them

(File photo: United Nations)

A Libyan coastguard commander sanctioned by the United Nations for alleged human trafficking and migrant smuggling said he hits migrants but does so for their own safety to prevent them from capsizing.Abdalrahman al-Milad, who heads a coastguard unit in Zawiya, just west of Tripoli, was one of six people sanctioned for involvement in people trafficking or smuggling in Libya on June 7, in the first move of its kind.The sanctions freeze bank accounts of those listed and ban them from travelling internationally…

Maritime Reporter Magazine Cover Sep 2018 - Maritime Port & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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