International Maritime Organisation News

15 Apr 2019

IMO Includes Anti-Corruption on Formal Agenda

MACN members at the 2018 Fall meeting in London. Photo: The Maritime Anti–Corruption Network

The International Maritime Organisation (IMO) showed massive support  agreeing to include maritime corruption as a regular work item on its agenda.A paper on the topic of maritime corruption was presented by the Marshall Islands with  many countries and international organizations  expressing their endorsement of a proposal to develop guidelines to assist all stakeholders in embracing and implementing anti-corruption practices and procedures at the 43rd meeting of the Facilitation Committee (FAL). The IMO will now work on a Guidance document to address maritime corruption.

11 Apr 2019

Study Shows LNG Forming Pathway to IMO 2050

Pic: SEA\LNG

Greenhouse Gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels over the entire life-cycle from Well-to-Wake (WtW).An independent study report confirms that emissions of other local pollutants, such as sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter (PM), are close to zero when using LNG compared with current conventional oil-based marine fuels.The study, commissioned by SEA\LNG and SGMF, was conducted by leading data and consultancy provider thinkstep according to ISO standards.

08 Apr 2019

EIC Made Compulsory in Ports

Pic: International Maritime Organization (IMO)

A new global rule mandated by the International Maritime Organisation (IMO) for national governments to introduce electronic information exchange (EIC) between ships and ports took effect from Monday (8 April 2019).The aim is to make cross-border trade simpler and the logistics chain more efficient, for the more than 10 billion tons of goods which are traded by sea annually across the globe, said a press note from the UN body.The requirement, mandatory under IMO's Convention on Facilitation of International Maritime Traffic (FAL Convention)…

05 Apr 2019

World’s Largest STS Transfer Hub Comes in Malaysia

Seated: Dato. Shahrul Amirul (left), Chairman of KA Petra and Mr. Eric Ip (right), Group Managing Director of Hutchison Ports. Standing (left to right): Mr. Anthony Loke, Minister of Transport of Malaysia; Tun Dr. Mahathir Muhammad, Prime Minister of Malaysia; Dato Sri Saifuddin Nasution Ismail, Minister of Domestic Trade and Consumer Affairs of Malaysia. Photo: Hutchison Ports

KA Petra, a Malaysian ship-to-ship (STS) transfer specialist, has signed a Heads of Agreement (HOA) with Hutchison Port Holdings to jointly develop the world’s largest STS transfer hub in the country.Under the terms of the HOA, KA Petra will have 70% interest in the project, whilst Hutchison Ports will take a strategic 30% stake.Based on preliminary studies, construction of the STS Hub is estimated to cost USD150 million to USD180 million, and will be funded by a combination of internally generated funds and debt financing.

03 Apr 2019

ECSA Workshop on IMO GHG Strategy

Pic: European Community Shipowners’ Associations

The European Community Shipowners’ Associations (ECSA) organised a workshop on the practical implementation of measures to reduce Greenhouse Gas emissions, attended by representatives of the European Commission, the European Maritime Safety Agency, the Member States, as well as industry stakeholders and environmental organisations.The focus was on the opportunities and challenges of reducing the shipping industry’s carbon footprint. The speakers presented concrete initiatives in alternative propulsion technology…

26 Mar 2019

Argus LSFO Price Assessments for Fujairah

Pic: Port Of Fujairah

Oil price reporting agency Argus Argus has launched low-sulphur fuel oil (LSFO) price assessments for the ex-wharf and delivered bunker markets in Fujairah.Fujairah is a major bunker fuel hub on the Gulf of Oman in the UAE, supplying up to 1mn t/month to vessels.The Argus LSFO 0.5pc sulphur prices for the ex-wharf and delivered bunker markets are the first assessments to be launched in the Fujairah market for the quality of fuel needed to comply with the International Maritime Organisation's (IMO) new sulphur limits for marine fuel.

11 Mar 2019

US to Lead Oil Supply Growth to 2024

Dr Fatih Birol (center) and IEA Oil Analyst Toril Bosoni (right) present the findings from Oil 2019 in Houston at CERA Week on 11 March 2019 (Photograph: Getty Images)

The United States is set to drive the global oil supply growth over the next 5 years, thanks to the strength of its shale industry, triggering a rapid transformation of world oil markets, according to the International Energy Agency (IEA).IEA said that oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply, by the end of the forecast.While global oil demand growth is set to ease, in particular as China slows down, it still increases an annual average of 1.2 mb/d to 2024, according to the report, Oil 2019.

06 Mar 2019

Torm Joins Inatech for IMO 2020 Bunker App

Pic: Torm

Danish product tanker operator Torm has joined Glencore subsidiary Inatech on an app to tackle the anticipated complex bunkering landscape in shipping post-2020.Inatech, which specialises in energy trading risk management systems, has built the ‘Smart Trader’ app to enable companies to map their entire fleet of ships and visualise best routes given sea and port conditions to achieve lowest prices for the desired quality of fuel.The toolkit leverages bunker alerts and pricing data from S&P Global Platts…

01 Mar 2019

LNG Meets IMO Goals: SEA\LNG

Pic: SEA\LNG

The consortium promoting the commercial case for liquefied natural gas (LNG), SEA\LNG, believes LNG is a viable pathway to meet the International Maritime Organisation (IMO)’s 2050 Greenhouse Gas (GHG) targets.The maritime industry really has two broad but major environmental initiatives related to air emissions; dramatic improvement of global air quality, and reduction of GHGs, said a release from the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel.Reinforcing the case for LNG as a marine fuel…

01 Mar 2019

Spliethoff Gets Green Loan From ING, EIB

Pic: Spliethoff

Dutch banking group ING and the European Investment Bank said they will provide a EUR 110 million ($123 million) loan to Dutch ship management firm Spliethoff’s Bevrachtingskantoor B.V. for retrofitting vessels with exhaust gas cleaning systems.According to a European Commission press release, Spliethoff will use the loan to retrofit 42 of its vessels with exhaust gas cleaning systems and ballast water management systems.The loan is part of the ING and EIB EUR300mln Green Shipping partnership signed in 2018…

07 Feb 2019

EU Strict on Port Emissions Cuts

Pic: European Federation for Transport and Environment

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…

07 Feb 2019

EU Defends Publishing Emissions Data to Drive CO2 Cuts

Photo courtesy of T&E

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…

28 Jan 2019

MSC Secures Scrubber Loan For 86 Vessels

Image: MSC

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

20 Jan 2019

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).

16 Jan 2019

Verifavia Shipping Leads in EU MRV and IMO DCS IT System Certification

Julien Dufour, Chief Executive Officer. Photo: Verifavia Shipping

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…

02 Jan 2019

Keppel Wins New Marine Contracts

Image: Keppel Offshore & Marine

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.

05 Dec 2018

AET Tankers Intros New LNG Dual-Fuelled Twins

Photo: AET Tankers

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…

02 Dec 2018

'World's First' Zero Emission Marine Biofuel Test Successful

Pic: GoodFuels

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…

22 Nov 2018

Mission to Seafarers Signs MoU with Panama

Pic: The Mission to Seafarers

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…

18 Nov 2018

Shipping: No Progress on Climate Commitment, says T&E

Pic: Transport & Environment (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…

19 Nov 2018

Shipping Emission to Increase Up to 250% by 2050, ITF Warns

Image: International Maritime Organization

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…

14 Nov 2018

Bowman Power's Engine Efficiency Solution for the Marine Sector

A cutaway depiction of the Bowman ETC system. CREDIT: Bowman

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.

05 Nov 2018

WFW Advises DNB on USD310m Loan to Star Bulk Carriers

Pic: Star Bulk Carriers Corp

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…

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

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