ESL Shipping Acquires AtoB@C
Finnish dry bulker ESL ShippingLtd, a shipping company fully owned by Aspo Group, is going to acquire all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB (AtoB@C) that offer shipping services. The enterprise value is EUR 30 million. The final purchase price will be mainly financed by Aspo's existing financing reserves, and approximately EUR 4.2 million will be covered by new shares issued by Aspo Plc. The transaction will require the competition authority's approval in Finland to be completed.
Cargotec, JCE Invest AB Form Joint Bulk Business
Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell AB (previously part of Kalmar Business Area within Cargotec) and BRUKS Holding AB (previously part of JCE Group). Both companies are world-leading suppliers of bulk materials handling solutions. Cargotec will own 48% of the shares in Bruks Siwertell Group, and JCE Invest AB will own the rest, 52%. The ownerships are included to venturers' consolidated financial statements in accordance with the applicable regulation.
Fuels, Lubricants & Green Marine
International Maritime Organization (IMO) fuel rules entering force in 2020 mandate a drastic sulfur reduction. By 2050 the mandate is to cut greenhouse gas emissions of shipping by at least 50 percent.Marine fuels, lubricants and additives manufacturers play their part in establishing maritime’s green credentials by introducing new environmentally acceptable technologies and products.The shipping industry is more than ever portrayed in a bad light due to increasing awareness of its contribution to global climate change, according to Dirk Kronmeijer, CEO of GoodFuels Marine.
Cargill Aims to Cut Ship Emissions 15% by 2020
Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15 percent by 2020, to meet U.N. regulations to reduce pollution and demands from some of its food manufacturer customers for more environmentally-friendly operations.The global commodities trader, which was scheduled to announce the emissions goal late on Monday, told Reuters the reduction of CO2 per cargo-ton-mile was targeted at its time-chartered fleet. But overall, Cargill plans to cut total greenhouse gas emissions on an absolute basis across all company operations by 10 percent by 2025.Cargill…
Zero Emission Ships: Comparing Fuel Choices
There's a new report out from the Sustainable Shipping Initiative (SSI) -- authorted by Lloyds Register (LR) and University Maritime Advisory Services (UMAS) -- that examines different fuel options and costs as increasingly the world's oceangoing fleet is pushed toward decarbonization. As a back drop, as Mariitme Reporter & Engineering News reports in its May 2018 edition with its cover feature interview with Kitack Lim, Secretary General of the International Mariitme Organization (IMO), the IMO mandate is to cut emissions 50% by 2050, as agreed in mid-April 2018, as compared to 2008 levels.
GoodShipping Program Becomes First Fossil-Free Sea Cargo Transportation
The GoodShipping Program, which claims to be the world’s first global initiative established to decarbonise shipping through the use of sustainable low carbon marine fuels, has announced that five pioneering shippers are the first to save CO2 emissions through the scheme.The delivery of advanced, sustainable marine fuel by GoodFuels Marine means that the shippers participating in the inaugural program – Tony’s Chocolonely, Dopper, Blygold, Magic Marine and Mystic – collectively reduced their carbon footprint by over 40 tons."In collaboration with our partners GoodFuels Marine and Samskip…
New Fuel Rules Push Shipowners to Go Green with LNG
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…
Biofuels Can Cut Some Transport Emissions
Growing use of electric vehicles around the world is helping lower climate changing emissions, but some means of transport will be hard to electrify, particularly air travel and shipping, energy experts say. To “decarbonise” those, the world will need to rapidly develop and bring to market biofuels – while trying to ensure they don’t crowd out food production, say the authors of a report by the International Renewable Energy Agency (IRENA). With “the right selection of the right raw material” about 12 percent of transport fuel could come from renewable sources by 2030…
Port of Amsterdam Reduces CO2 Footprint by 25%
Following a previous successful pilot, GoodFuels Marine has also won Port of Amsterdam’s tender for its fleet of five patrol vessels. The vessels will now run on fuel containing 30% exceptionally high-quality biodiesel. This will reduce CO2 emissions by 25% compared to fossil diesel. Marleen van de Kerkhof, Port of Amsterdam Harbour Master: ‘Clean shipping is a key spearhead of our sustainability strategy. Part of this strategy entails making our own patrol vessels more sustainable.
Rotterdam’s Container Volume Grows by 8.8% in Q1
In the first quarter of 2017, 2.0% more goods passed through the Port of Rotterdam than in the same period last year. The growth in the container sector (8.8% by volume (TEU), 10.8% by weight) is particularly striking, says a press release from the company. Of the 11 different commodities, only mineral oil products and other liquid bulk showed a decrease. The total throughput volume increased to 119.3 million tonnes. Allard Castelein, CEO of the Port of Rotterdam Authority: “For containers, this was the best quarter ever, and March was a record month.
IMO 2020: The Future of Fuel
There has been little reaction by way of statements or position papers from marine fuel lubricant manufacturers to the IMO MEPC70 proposals for a global fuel sulfur content cap of 0.5 percent by 2020 but they are fully aware of the implications of the proposed regulations and are taking what could be termed a ‘pragmatic approach’ to fuel regulation compliance. Marine lubricant suppliers have avoided getting involved in the debate as to whether the IMO MEPC70 proposals to reduce permissible marine fuel sulfur content to 0.5 percent or less is good…
A2B-online Container Ships Use Biofuels, Big Data to Cut CO2
A2B-online Container, GoodFuels Marine and We4Sea launch a collaboration project with the aim to reduce fossil fuel consumption and CO2-emissions for two A2B-online ships. Big Data technology is used to map the possibilities for more efficient shipping operations. The cost efficiencies achieved by reduced levels of fuel consumption will subsequently be used to deploy advanced, sustainable biofuels, by which the CO2-emissions will further decrease. A2B-online Container B.V. offers reliable short-sea services from the port of Moerdijk to several ports in the UK.
Marine Biofuels As Sustainable Alternative For Shipping
The inaugural biofuel roundtable was held in Singapore today to drive discussions on the use of biofuels as a sustainable alternative fuel for the future of shipping. Organised by the Maritime and Port Authority of Singapore (MPA), BHP and GoodFuels Marine (GoodFuels), the closed-door roundtable event brought together shipowners of different ship types to network, share insights into the use of biofuels to meet increasingly stringent environmental regulations as well as explore areas of collaboration.
Amsterdam Port Committed to Reducing Shipping Emissions
Port of Amsterdam aims to reduce shipping emissions and minimise the environmental impact of these emissions by working with the shipping sector. In its Clean Shipping Vision for 2030, the Port describes how it intends to achieve its sustainability objectives through concrete actions, such as reducing emissions of docked sea cruise ships by 50 percent. The Clean Shipping Vision has a wide scope that encompasses emissions from ships themselves and those associated with port activities such as loading and unloading.
Amsterdam in ‘Premier League’ in Ethanol Market
Port of Amsterdam was included in the S&P Global Platts Top 250 Global Energy Company Rankings for ethanol in April 2016. In addition to giving Amsterdam’s ethanol market a tremendous boost, this has put the Port and Noord-Europees Wijnopslagbedrijf BV (NWB) on the map with several major players operating in this segment. However, Port of Amsterdam still trails somewhat behind Port of Rotterdam in this area, as the additional logistics expenses calculated for deliveries from Amsterdam work to the disadvantage of merchants storing their ethanol in Amsterdam.
Cruise Ships & Eco-Trends in Energy Transition
Around 360 cruise vessels are operating on the ocean today, transporting thousands of passengers to both new and established locations across the world. The Cruise Boom relishing the industry in recent years has driven growth and advancement with 93 new vessels now under construction showcasing the latest technology available today. Now, the rising popularity of remote and adventurous routes such as the Polar Regions and UNESCO heritage sights has raised concerns about the impacts on marine environments and coastlines.
LR, SCC Release Low Carbon Pathways 2050 Study
Lloyd’s Register (LR) and Shipping in Changing Climates, a $4m multi-university and cross industry research project funded by EPRSC, have today released Low Carbon Pathways 2050 – a new study that details a number of potential pathways for the shipping industry’s transition to a low carbon future. The report underlines the need for shipping to start its decarbonization imminently – as stringency increases over time, increasingly high-cost mitigation steps are required. The later we leave decarbonization, the more rapid and potentially disruptive it will be for shipping.
Report: Decarbonize Maritime by 2035
While the notion that maritime transport could be "zero-carbon shipping" by 2035 may seem fallacy to the majority, a new report reviews the pathways to zero-carbon shipping. According to a new report published by the International Transport Forum at the OECD, deployment of all currently known technologies could make it possible to almost completely decarbonize maritime shipping by 2035. While the report targets 2035, a recent interview with Angus Frew, Secretary General of BIMCO…
Maritime to Get Biggest Bang for VW Settlement Bucks
Imagine a settlement over falsifying emission levels in another transportation sector dropping money onto your deck. Who knew? But it’s true. The $2.9 billion settlement fund Volkswagen agreed to capitalize for distribution across all 50 states, tribal lands and Puerto Rico, as a result of “dieselgate,” its criminal dodging of required auto emission levels, presents an unparalleled opportunity to maritime companies that want to move their noxious diesel engines up a couple of EPA notches, and stick someone else with close to half the bill or more.
Rotterdam Port Calls for North-West Europe Joint CO2 Price
The Port of Rotterdam Authority is calling on the Dutch Government to form a coalition with countries in North-West Europe so that a joint CO2 price can be introduced. At the Port Authority’s Energy in Transition Summit 2018 on the RDM site in Rotterdam, Port Authority CEO Allard Castelein made a powerful case for a much higher CO2 price in conjunction with a new industrial policy for the Netherlands. At the summit, the Port Authority also revealed the results of the CO2 impact of marine and inland shipping.
World Fuel Services Prepares for Global Sulphur Cap
From 1 January 2020, a new global sulphur cap on marine fuels will come into effect which will turn the whole bunker industry upside down; and World Fuel Services is urging the shipping, bunkering and energy sectors to work together to meet this new challenge. The 2020 deadline for the new 0.50% cap, which is a significant reduction on the 3.50% global limit currently in force, was confirmed at the 70th session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC). This will be a huge undertaking but it is not unexpected.
US Navy, Queensland Partner with Industry
A two-day Biofutures Industry Forum hosted by the Queensland government and U.S. Navy at the Brisbane Convention and Exhibition Centre commenced today in Brisbane, Australia. The forum will bring together biofutures industry leaders from each step in the supply chain to collaborate and discuss the production of biofuels that meet both jet and marine specifications; all while forming and strengthening professional relationships between the nations. "The Navy has always been in the energy-innovation business- from wind to coal…
IMO Calls for Govts Support for 50 % Co2 cut by 2050
The ICS Chairman was commenting on the ambitious IMO strategy to cut the total greenhouse gas emissions of shipping by at least 50% by 2050, compared to 2008 – with an agreed efficiency goal, as an average for the sector, for a 40% improvement by 2030 compared to 2008, and a 70% improvement by 2050 – so that the entire sector will be in a position to decarbonise completely, consistent with achieving the 1.5 degree climate change goal identified by the UN. “It’s important that governments recognise the enormity of what has been agreed by IMO.