EU Strict on Port Emissions Cuts
Publishing data about the emissions of all ships calling at EU ports, as proposed by the European Commission, will incentivise shipping companies to cut their CO2 while also better informing regulations to reduce emissions, green NGO Transport & Environment (T&E) has said in a press release.The EU, under pressure from industry and the International Maritime Organisation (IMO) to harmonise its monitoring, reporting and verification (MRV) system with the IMO’s system, should still require ships registered outside the EU to report their data…
EU Defends Publishing Emissions Data to Drive CO2 Cuts
Publishing data about the emissions of all ships calling at EU ports, as proposed by the European Commission, will incentivize shipping companies to cut their CO2 while also better informing regulations to reduce emissions, green NGO Transport & Environment (T&E) has said.The EU, under pressure from industry and the International Maritime Organisation (IMO) to harmonize its monitoring, reporting and verification (MRV) system with the IMO’s system, should still require ships registered outside the EU to report their data…
MSC Secures Scrubber Loan For 86 Vessels
Container shipping giant Mediterranean Shipping Company (MSC) has secured a USD 439 million financing to fit 86 exhaust gas cleaning system (EGCS) or scrubbers to its fleet.BNP Paribas (BNPP) was the co-ordinating bank and agent on the agreement, together with a syndicate of four other banks as lenders, said the law company Watson Farley & Williams (WFW).The SINOSURE-backed loan would be used to finance the manufacturing and installation of the scrubbers on board 86 container ships owned by the MSC group in light of the implementation of the International Maritime Organisation’s low sulphur c
DSME Bags Order for Two VLCCs
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won orders to build two very large crude carriers (VLCCs).Oman Shipping Company (OSC), the wholly government-owned national shipping line of the Sultanate of Oman, has signed a deal with DSME for the construction of two next-generation, eco-friendly VLCCs, tweeted OSC.The pair of ECO VLCCs will be built at the Okpo shipyard of DSME, which counts among the world’s largest shipbuilders.“The vessels are of 336-metres length, 60-metres wide, and can each carry 300,000 tonnes of crude; these are next generation eco-friendly vessels that meet the environmental regulation standards of IMO (The International Maritime Organisation).
Verifavia Shipping Leads in EU MRV and IMO DCS IT System Certification
Verifavia Shipping claimed success in the independent certification of IT systems and solutions designed to support compliance with the International Maritime Organisation’s (IMO) Data Collection System (DCS) regulation and European Union (EU) Monitoring Reporting and Verification (MRV).With both regulations now in force, increasing numbers of IT systems are available to assist ship owners and operators in collating and reporting emissions data, all of which need to strictly adhere…
Keppel Wins New Marine Contracts
Singaporean conglomerate Keppel Offshore & Marine said that it has secured new marine contracts with a combined value of S$300 million (USD 220 mln) through its subsidiaries. According to a press release from the company, the first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea.
AET Tankers Intros New LNG Dual-Fuelled Twins
Malaysian-owned global shipping company announced that it had named its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu, built by Samsung Heavy Industry Co Ltd’s (SHI) at the company’s shipyard in Geoje, South Korea.The company specialising in the ocean transport of crude oil and refined products said that both vessels have been taken on long-term charter by Shell International Trading and Shipping Company Limited (Shell), primarily for operations in the Atlantic Basin…
'World's First' Zero Emission Marine Biofuel Test Successful
Netherlands-based supplier of sustainable low carbon marine fuels GoodFuels Marine in conjunction with bulker and tanker owner and operator NORDEN A/S, has successfully completed trials of the world’s first zero emission, ‘drop in’ Heavy Fuel Oil (HFO)-equivalent marine biofuel – almost entirely reducing all carbon and sulphur emissions.A press release from the pioneer in sustainable marine fuels said that the culmination of three years extensive research and development with partners including Royal Dutch Boskalis and technology group Wärtsilä…
Mission to Seafarers Signs MoU with Panama
The Christian welfare charity serving merchant crews around the world 'The Mission to Seafarers' has signed an agreement with the Panama Maritime Authority for the provision of seafarer welfare services, making us the first seafarer charity to operate in Panama.A press release from the international seafarer welfare charity said that the Memorandum of Understanding (MoU) between the Mission and Panama was signed yesterday by the Revd Canon Andrew Wright, Secretary General of The Mission to Seafarers…
Shipping: No Progress on Climate Commitment, says T&E
The international shipping community has made little progress to advance the global commitment made earlier this year to reduce the sector’s greenhouse gas emissions."This is despite impassioned pleas for action by climate scientists to the International Maritime Organisation’s (IMO) environment committee last month," said Transport & Environment (T&E).The leading NGO campaigning for cleaner transport in Europe said that some IMO delegates soon ‘would not have a country to land…
Shipping Emission to Increase Up to 250% by 2050, ITF Warns
Maritime transport emitted 938 million tonnes of CO2 in 2012. This represented 2.6% of total global carbon emissions, said International Transport Forum (ITF)By 2050, shipping CO2 emissions are projected to increase between 50% and 250% if no drastic action is taken, the forum warned.In order to reverse this trajectory, the 174 member states of the International Maritime Organisation (IMO) adopted an “Initial IMO Strategy on reduction of Greenhouse Gas emissions from ships” (or…
Bowman Power's Engine Efficiency Solution for the Marine Sector
A consortium, led by Bowman Power Group Ltd (Bowman), has successfully created a new, marine-capable system to increase engine efficiency and reduce emissions.Just months after the International Maritime Organisation (IMO), reached an agreement to cut carbon emissions from the global shipping industry by at least half by 2050, this technology is ideally timed with the needs of the market.The project was part-funded by Innovate UK, the UK’s innovation agency, and a leading research and innovation hub.
WFW Advises DNB on USD310m Loan to Star Bulk Carriers
International law firm Watson Farley & Williams (WFW) advised Norway’s DNB Bank ASA (DNB), as facility agent and security agent for a syndicate of banks comprising itself, ABN AMRO Bank N.V., BNP Paribas, Danish Ship Finance and Skandinaviska Enskilda Banken AB, in relation to a US$310m loan facility provided to Star Bulk Carriers Corp.Secured on 26 vessels in Star Bulk’s fleet, the facility consists of two tranches: (a) a first tranche of US$240m used to refinance Star Bulk’s debt under five existing facility agreements…
Intercargo Asks IMO to Address Challenges of 2020
In addition to progress made on a number of important issues, the International Maritime Organisation (IMO) at its recent Marine Environment Protection Committee (MEPC 73) listened to the concerns raised by the International Association of Dry Cargo Shipowners (Intercargo) and others and offered a constructive way forward to potentially address them.The association of shipowners, managers and operators of dry cargo vessels and represent better this shipping sector said that it is critical…
Arkas Bunkering, Sumitomo Corporation in LNG Bunkering Deal
Arkas Bunkering have signed a protocol with Japan-based Sumitomo Corporation for the use of liquefied natural gas (LNG) as bunker fuel in Turkish and nearby seas. As environmentally-friendly buildings, vessels and fuels have become more popular than ever, new applications acting as reminders for both states and civil initiatives of their environmental responsibilities continue to emerge. With International Maritime Organisation’s (IMO) global sulphur cap set to enter into force in 2020, the maximum amount of sulphur allowed to be contained in bunker fuel will be reduced worldwide.
Advance Information of Berths in Ports Can Cut Cost and Emission
If seagoing vessels were better informed about the availability of berths and adapted their speed accordingly, substantial savings could be made in terms of fuel and CO2 emissions. This conclusion is based on a study that was recently commissioned by the Port of Rotterdam Authority and research institute TNO.The study pointed out that if sea-going vessels are regularly kept informed – particularly during the last twelve hours before arrival – about exactly when their berth will become available…
AET Names its First LNG-Fueled Aframax Pair
Petroleum and chemical tanker owner and operator AET Tankers has named and welcomed its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu.According to a press release of the Singapore-based company, the ceremony for the vessels was held at the Samsung Heavy Industry Co Ltd’s (SHI) shipyard in Geoje, South Korea. Both vessels have been taken on long-term charterby Shell International Trading and Shipping Company Limited (Shell), primarily for operations in the Atlantic Basin…
New Marine Fuel Recovery Mechanism is Causal, Transparent and Simple
With a stricter International Maritime Organisation emissions regulation (IMO 2020) coming into force as of 1 January 2020, the new sulphur cap for compliant fuel oil will be lowered from 3.5% to 0.5%.A press release from Hapag-Lloyd said that this new regulation will significantly improve the ecological footprint of the shipping industry, and the majority of all vessels are expected to be operated with low-sulphur fuel oil by then.Using low-sulphur fuel oil will be the key solution for the shipping industry and Hapag-Lloyd to remain compliant.
Singapore Bunkering Hub Ready for IMO 2020
Singapore authorities are taking measures to ensure the availability of low-sulphur marine fuels ahead of upcoming emissions regulations in 2020, Singapore's Senior Minister of State for Transport and Health Lam Pin Min said on Wednesday."(The) MPA is working closely with the industry to ensure that Singapore is ready to supply low-sulphur compliant fuels ahead of 1 January, 2020," said Lam at the Singapore International Bunkering Conference and Exhibition.The Maritime and Port Authority of Singapore (MPA) will make available a list of licensed bunker suppliers of low-sulphur fuels by mid-2019
Exxon Mobil Eyes Major Investment at Singapore Refinery
Exxon Mobil Corp is considering a multi-billion dollar investment at its Singapore refinery, the company's largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday."We are currently assessing a multi-billion project in our integrated manufacturing facility here in Singapore," Matt Bergeron, vice president of Asia Pacific Fuels Business at Exxon, said at a bunkering conference."Should the project proceed, we plan to implement…
Maersk Amends Dangerous Goods Stowage Rules
Aiming to further improve safety practices in stowage of dangerous cargo aboard container vessels, Maersk has completed implementation of new guidelines on dangerous goods stowage.After a thorough review of current safety practices and policies in the stowage of dangerous cargo, Maersk has now completed implementation of new guidelines to improve safety across its container vessel fleet, said a press release from the company.Following the tragic fire aboard Maersk Honam in March this year, Maersk took measures and implemented additional preliminary guidelines for stowage of dangerous goods.
ECDIS & Maritime Accident Investigation
It’s not where you are, it’s where you should not be that mattersCaptain Whyte, a leading marine accident analyst at LOC Group, an independent marine and engineering consultancy which provides services to the shipping and offshore energy industries, explains how electronic data is making accident investigation clearer by providing irrefutable evidence.“Fundamentally, situational awareness underpins everything we do”, said Captain Whyte. “Whether that’s crossing the road or driving ships at sea. We need to know where we are, what we’re doing and where we are going.
Hapag-Lloyd on 2020 Low Sulphur Fuel
LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020.These regulations are the biggest of a series of steps by the International Maritime Organisation (IMO) to reduce marine pollution (MARPOL) in response to the threat of climate change.The LSF2020 emission regulations mean ships will have to significantly reduce emissions on the high seas as well as in coastal areas. This change does not only concern Hapag-Lloyd but it challenges the entire shipping industry.