EU Welcomes Turkish Drillship Departure From Waters Off Cyprus
A Turkish drillship has left the area where it was operating southwest of Cyprus and reached Turkey's coast for maintenance in a move the European Union said would help ease tensions in the Eastern Mediterranean.Refinitiv tracking data showed the Yavuz vessel reached shore and the Energy Ministry said it would now prepare for work in a new location.EU member Cyprus' internationally recognized Greek Cypriot government has long been at loggerheads with Turkey over the demarcation of maritime waters and other issues.
Hyundai Discussing Concessions with EU Regulators Over Daewoo Deal
The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce the South Korean company’s top position with a 21% market share, and comes as rivals in China and Singapore make inroads.The European Commission, which opened a full-scale investigation into the deal last December on concerns it could inflate prices and reduce competition in cargo shipbuilding…
East Mediterranean Dispute: Cyprus Willing to Talk with Turkey 'Without Threats'
Cyprus is ready to engage in talks with Turkey to resolve differences but only "without blackmail and threats", President Nicos Anastasiades said on Wednesday.The two countries are locked in a dispute over drilling rights in the Mediterranean, and Turkey said on Tuesday it had extended a drilling vessel's operations in disputed waters off Cyprus until Oct. 12."Nicosia has been always ready for a dialogue but for that ... to be effective, it needs to be clearly defined based on international law…
EU Parliament Votes to Make Ships Pay for Their Emissions
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping is the only sector which does not face EU targets to cut emissions, but it is coming under increased scrutiny as the bloc attempts to steer industries towards its plan to become "climate neutral" by 2050.In a vote on Tuesday, EU lawmakers said the bloc's carbon market should be expanded to include emissions from voyages within Europe…
EU Calls for End to Tensions in East Mediterranean
The European Union's executive called on Monday for dialogue with Turkey and demanded that Ankara refrains from unilateral steps that stoke tensions in eastern Mediterranean.Should dialogue not bear fruit, a spokesman for the European Commission told a briefing on Monday, the EU has already moved towards sanctions.That came after the 27 EU foreign ministers discussed last week tensions between the bloc's members Greece and Cyprus and Turkey, a NATO ally. A senior EU diplomat said separately on Friday of the situation:"As well as sticks (sanctions)…
Ship Emissions: ABS Spearheads the Future of EEDI for Ships
A team led by ABS has been awarded a contract by the European Commission (EC) to explore future directions for the IMO’s Energy Efficiency Design Index (EEDI) for ships.The landmark study will look at ways to improve and accelerate the integration of low-carbon fuels and innovative technologies into the requirements of the index, which was originally created to reduce emissions from ships by promoting design improvements and the adoption of more energy-efficient power systems.The EC…
Cyprus Names New Shipping Deputy Minister
Vassilios Demetriades has been appointed as Cyprus' new Shipping Deputy Minister, the country's president Nicos Anastasiades announced as part of a cabinet reshuffle. The seasoned maritime policy expert, known for his extensive work within the shipping industry and contributions to the European Union (EU), joins the Cyprus Shipping Deputy Ministry effective July 10.Since the ministry's inception in March 2018, the Cyprus flag has grown to become the 11th largest merchant fleet worldwide and the third largest fleet in the European Union.
EU Again Halts Probe into Korean Shipbuilding Tie-up
EU antitrust regulators have again halted their investigation into world No.
Shipping Emissions to Be Included in EU Carbon Market
European lawmakers agreed on Tuesday to include international carbon emissions from the maritime sector in the EU carbon market, targeting an industry that does not yet pay for its pollution.They also called for binding targets for shipping companies to reduce the annual average CO2 emissions of all ships when in operation, by at least 40% by 2030 compared to 2018 levels, going further than an original European Commission proposal.Pollution from ships plying international waters usually escapes countries’ domestic emissions-cutting targets…
Ferry Operators Start to See the Light at the End of the Tunnel
Interferry CEO Mike Corrigan reflects on the crushing impact of COVID-19…but suggests that the gradual easing of travel restrictions offers a turning point on the road to recovery.Last year the ferry industry was riding the crest of a wave. In an end-of-year review, I went so far as to express my belief that the industry had rarely if ever been in such good health. Throughout the developed world, most operators were reporting year-on-year traffic growth and many had set new records for passenger and vehicle volumes.
Gauging Impact of Fincantieri's French Deal to Take Time, Says EU's Vestager
Gauging the market impact of Italian shipyard Fincantieri's bid for France's Chantiers de l'Atlantique is proving difficult and is likely to take some time, the European Union's antitrust chief Margrethe Vestager said on Tuesday.Italy sees the deal by Europe's largest shipyard as an opportunity to create a European industrial champion in the shipbuilding industry to better compete with rivals from Asia and other regions.EU antitrust enforcers, however, worry the deal between two global leaders in an already concentrated and capacity-constrained market could push up prices for cruise ships.The
Ship Operators File Lashing Complaint With EC
Six European shortsea and feeder ship operators have filed an official complaint to the European Commission, claiming International Transport Workers’ Federation (ITF) attempts to force ships to use dockers for container lashing violate EU competition law.In a letter to the Directorate-General for Competition dated May 19, 2020, the operators call for an official investigation into the ITF and affiliated Dutch union FNV Bondgnoten, and their campaign to compel operators to stand down seafarers from shipboard container lashing.
EU Resumes Hyundai, Daewoo Deal Probe
EU antitrust regulators have restarted their investigation into world No.
EU Approves Finnish Aid to Maritime Companies Impacted by COVID-19
The European Commission has approved a €600 million ($668.1 million) Finnish aid scheme to support maritime companies impacted by the coronavirus outbreak.The aid scheme will take the form of State guarantees on working capital loans and will be accessible to maritime operators that are essential for maintaining the security of supply to Finland during the coronavirus outbreak. The funds are intended to help these firms cover immediate working capital needs, maintain employment and have sufficient liquidity to continue their activities.
Offshore Wind Turns Shipping to Green
Offshore wind and the shipping sector can reinforce each other to reach the Green Deal targets, says WindEurope.The European Wind Energy Association said that wind energy currently makes up 15% of Europe’s energy mix. The majority of this is onshore. Offshore wind is just 2% at the moment. But it’s growing rapidly thanks to decreasing costs and improving technology."So offshore wind will be a major player in the future. But collaboration with the shipping sector will be key to delivering this," it said.Offshore wind is already an important part of the European shipping industry.
EU Antitrust Regulators Pause Hyundai, Daewoo Deal Probe
EU antitrust regulators have halted their investigation into world No.
Shipping Plan Would Reel International Emissions into EU Carbon Market
The European Union's carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission's first report on maritime CO2 emissions.Pollution from ships plying international waters typically escapes countries' domestic emissions-cutting targets, but the EU's executive has said the sector must contribute to its trillion-euro push to achieve a "climate neutral" economy by 2050.It wants to curb shipping's carbon footprint by adding it to the Europe-wide emissions trading system (ETS)…
Cargo Shipping to Keep EU Antitrust Exemption until 2024
Cargo shipping companies will be exempt from antitrust rules against anti-competitive agreements for a further four years until 2024 because this leads to lower prices and better consumer services, EU antitrust regulators said on Tuesday.First adopted in 2009 and extended for five years in 2014, the consortia block exemption regulation will be prolonged for four more years to April 2024, the European Commission said in a statement.It allows liner shipping operators with a combined market share below 30% to cooperate to provide joint liner shipping services…
EU Antitrust Regulators Suspend Fincantieri-Chantiers Probe
European Union antitrust regulators have suspended their investigation into Fincantieri's bid for France's Chantiers de l'Atlantique while waiting for the Italian shipyard to provide requested data.The European Commission's website shows it halted the probe on March 13. Prior to that, it had been scheduled to rule on the case by April 17."This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, important information that the Commission has requested from them…
EU Expected to Veto Fincantieri's Chantiers Bid
Italian shipyard Fincantieri has not offered any concessions to head off EU antitrust concerns about its planned bid for France's Chantiers de l'Atlantique, giving regulators no choice but to block the deal, people familiar with the matter said on Friday.A veto by European Competition Commissioner Margrethe Vestager would deal a serious blow to Italy's bid to create a European industrial champion in shipbuilding to better compete with Asian rivals.Fincantieri declined to comment.
Euro Shipyard Deal Faces Regulatory Headwinds
Fincantieri risks an EU antitrust veto against its bid for Chantiers de l'Atlantique because of the difficulty of addressing regulators' concerns, people familiar with the matter said, in what would be a setback to Italy's industrial ambitions.Italy sees the deal by Europe's largest shipyard as an opportunity to create a European industrial champion in the shipbuilding industry to stave off competition from Asia and other regions.EU antitrust enforcers however are concerned that…
Interferry Welcomes Easing of Travel Restrictions
Trade association Interferry says it welcomes the European Commission’s guidance on the gradual relaxation of travel restrictions during the COVID-19 pandemic and relaunching of transportation links that will go into effect in advance of this summer’s travel and tourism season.“We welcome the growing signs in Europe and beyond that COVID-19 lockdown restrictions are starting to be eased,” says Interferry CEO Mike Corrigan. “The global ferry industry is prepared to contribute to…
EU Clears OLT Takeover by SNAM and FSI
The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…