Dubai Maritime City Steams Forward
Dubai’s vision as a global maritime hub took another major step forward with the launch of the mixed-use Business District at Dubai Maritime City (DMC) under the patronage of HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai World. HE Mohammed Al Shaibani, the Director General of HH The Ruler’s Court, Government of Dubai, Khamis Juma Buamim, Chairman Drydocks and Maritime World, senior company executives, government officials, representatives of developers participating in the project…
IMO Reaches Deal to Cut CO2 Emissions
The United Nations shipping agency reached an agreement on Friday to cut carbon emissions, following years of slow progress. The compromise plan, which will cut emissions by at least 50 percent by 2050 compared with 2008 levels, fell short of more ambitious targets. Kitack Lim, Secretary-General of the International Maritime Organization (IMO), said the adoption of the strategy "would allow future IMO work on climate change to be rooted in a solid basis". The IMO said it would also be pursuing efforts towards phasing out CO2 emissions entirely.
Shipping Fuel Costs to Spike 25% on Sulphur Cap
Costs to rise from roughly $100 bln today; just 2 pct of global fleet to have scrubbers in 2020. Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick in, consultants Wood Mackenzie said on Wednesday. The ballooning costs will come as the change in regulations forces a portion of the world's fleet to switch to lower sulphur, but higher cost, fuels such as marine gasoil (MGO) and ultra low sulphur fuel oil. The…
IMO Under Pressure to Tackle CO2 Emissions
The United Nations' shipping agency is under pressure this week to agree on a plan to cut carbon emissions from the sector, following years of slow progress, but the strategy could fall well short of what is required to limit global warming. The shipping sector, along with aviation, avoided specific emissions cut targets in a global climate pact agreed at the end of 2015, which aims to limit a global average rise in temperature to "well below" 2 degrees Celsius from 2020. Shipping accounts for 2.2 percent of world CO2 emissions…
ASV Global, BMT Team-up for Autonomous Navigation Project
ASV Global (ASV) is leading a new £1.2 million research project in partnership with BMT to enhance the safety and reliability of autonomous navigation. The project team will use deep learning machine vision systems trained with a combination of simulated and real world data. Part funded by Innovate UK, the UK’s innovation agency, this project will enhance situational awareness enabling the USV to operate in extreme and congested marine environments. The Synthetic Imagery training for Machine Vision in Extreme Environments (SIMVEE) project will build upon ASV’s existing…
Global Shipping to Adopt GHG Strategy
The adoption of an initial strategy on the reduction of GHG emissions from ships is one of the key items on the agenda of the International Maritime Organization’s Marine Environment Protection Committee (MEPC 72), which is now under way at International Maritime Organization (IMO) Headquarters in London (9-13 April). The initial strategy will be a framework for all Member States, which is expected to set out the future vision for international shipping, the levels of ambition to reduce GHG emissions and guiding principles.
ExxonMobil Reveals First Locations for 2020 Compliant Fuels
ExxonMobil announced it will supply fuels that comply with the International Maritime Organization’s (IMO) 0.5 percent sulfur cap in ports in Northwest Europe, the Mediterranean and Singapore, with additional locations to be announced throughout 2018. “Our new suite of compliant fuels will include residual and distillate grades. We are at a very advanced stage in the development of these fuels, therefore making us well positioned to help customers meet the reduced sulfur limit ahead of the IMO’s 2020 implementation date,” said Luca Volta, Marine Fuels Venture Manager, ExxonMobil.
Transition to the 0.50% Global Sulphur Cap
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) is expected to decide on the timing of the global 0.50% sulphur cap for marine fuels in October this year, based on the result of a low sulphur fuel availability study required under MARPOL Annex VI. Regardless of whether the global 0.50% sulphur limit takes effect in 2020 or 2025, the change from the current 3.50% to a 0.50% sulphur limit is a seismic shift on an unprecedented scale in the history of refining and shipping.
Fast, Quick Action Needed to Meet Paris Climate Goals: CAN
The International Maritime Organisation (IMO) has agreed on an initial strategy to decarbonise international shipping and reduce emissions from ships by at least 50% by 2050. While this agreement falls short of the 70 to 100% reductions by 2050 that the Pacific Islands, the EU and others were calling for ahead of the meeting, it keeps a window open to meet the Paris climate goals and is undeniably a game changer for the shipping sector. This plan serves as a welcome first step to phase out emissions from the sector…
Heading Towards the 2020 Sulphur Limit
The need for all stakeholders to work towards effective and consistent implementation of the 2020 0.50% global sulphur limit has been highlighted during maritime industry events in Denmark this week. International Maritime Organization (IMO)’s Edmund Hughes spoke about IMO’s role moving towards the 0.50% sulphur limit at an event focusing on the “2020 global sulphur challenge: Implementation and Enforcement”, hosted by the Danish Ecological Council (21 March). At the GST Europe Conference 2017 (22 March), Mr.
China's Proposal on ISO Sulphur Test
A proposal by China to mandate specific ISO test methods for sulphur, building on a proposal made by IBIA to the IMO earlier this year, has won support to be further considered as the IMO works on measures to ensure uniform implementation of the 0.50% sulphur limit. China submitted its proposal to the 72nd session of the IMO’s Marine Environment Protection Committee (MEPC 72) last week, proposing that the test method of sulphur content of fuel oil should be made mandatory to avoid disputes, and that the methods should be ISO 8754:2003 or ISO 14596:2007.
Maersk Line, Limited Seeks to Streamline Operations
Maersk Line, Limited (MLL) asked the U.S. Maritime Administration to confirm its eligibility as a Maritime Security Program (MSP) contractor under existing law so the company can more effectively and efficiently operate additional vessels under MSP. This action would increase from 4 to 19 the number of vessels currently under contract to the Maritime Administration. Under its operating contracts with Maersk Line, Limited, U.S. Ship Management, Inc. (USSM) has agreed to transfer direct operation of the vessels in question to Maersk should MLL elect to become the MSP contractor. Those contracts were reviewed and approved by the Maritime Administration in 1999. Under the new arrangement, the vessels will continue to be owned by the same "Section 2" U.S.
Industry Ready for 2020 SOx Emissions Rules -EGCSA
The Exhaust Gas Cleaning Systems Association (EGCSA) has raised concerns regarding the possible delay to the adoption of a global limit on fuel oil sulphur emissions, which is to be considered by the International Maritime Organization (IMO) in October 2016. The international association, which represents more than 25 member companies dedicated to reducing sulphur oxides (SOx) and particulate emissions from marine exhaust gas, says there is a need for action to prevent SOx emissions from continuing to cause health problems and damage to the environment, and stress that the technology to achieve SOx emissions equal to or even below the regulation limits is already proven, cost effective, and widely available.
Dellner Brakes Goes Global for IMX 2018
Dellner Brakes will present a global product range at this year’s Inland Marine Expo (IMX) in St Louis, bringing together power transmission products from its U.S., Swedish and German operations for the very first time.This global product offering follows on from the Swedish company’s acquisition of U.S. brake and clutch specialist Gummi USA in September 2017 and German braking manufacturer Pintsch Bubenzer in January this year.Dellner Brakes CEO, Marcus Aberg, said, “We are delighted to be exhibiting alongside our new sister company Pintsch Bubenzer for the very first time at IMX.
Tugboats & Vessel Response Plans
Traditionally, tugs and towboats (hereinafter tugs) have largely been uninspected vessels of the United States. They were subject to basic examinations by the U.S. Coast Guard, but the standards were little higher than those applicable to recreational craft. These tugs were also subject to examination by the Occupational Safety and Health Administration (OSHA). The OSHA examinations were rare, but when they took place any violations found could be costly. After one of the OSHA penalty cases was litigated all the way to the U.S.
NOL Removes Foreign Shareholding Limit
Neptune Orient Lines Ltd. (NOL) shareholders approved the removal of the firm's foreign shareholding limit of 49 percent. A 50 percent limit on foreign directors on the NOL board was also removed. NOL officials said that the approval to remove the foreign ownership limit would enable the firm to broaden its shareholder base internationally. The global transportation and logistics company said its shareholders also agreed to introduce new share-based incentive plans for its employees.
Modern Terminals, WNS, Form BPO Alliance
Modern Terminals Ltd. and WNS (Holdings) in strategic partnership to provide Business Process Outsourcing (BPO) services. Modern Terminals Limited, a leading container terminal operator headquartered in Hong Kong, and WNS (Holdings) Limited , a leading provider of global Business Process Outsourcing (BPO) services, announce a strategic partnership to deliver BPO services and solutions to the shipping and logistics industry. Under the agreement, WNS and Modern Terminals will jointly work to provide shippers, forwarders, 3PL’s and ocean carriers BPO services designed to reduce costs as well as improve business process efficiency and effectiveness. "We are continuously on the lookout for new and more innovative ideas that can potentially add value for our customers,” said Peter J.
Cooperation Yields 'Quiet Drive' Solutions
The management teams of CENTA Antriebe Kirschey GmbH and Christie & Grey Limited have announced a strategic global sales cooperation. The agreement allows the two companies to join forces to engineer and strategically supply “quiet drive” solutions - combining soft mounting systems, flexible couplings, and intermediate drive shaft systems. Christie & Grey Limited manufactures engineered and customized vibration, noise and shock control solutions for worldwide marine, industrial, and commercial applications, while CENTA Antriebe manufactures torsional coupling and drive shaft systems, offering solutions to the marine, industrial, rail, and energy industries.
Partnership Seeks to Boost Maritime VSAT for China
SpeedCast International Limited, a global satellite communications and network service provider, and Beijing Marine Communications and Navigation Co. Ltd (MCN), a subsidiary of the China Transport Telecommunications & Information Centre (CTTIC), have signed a Memorandum of Understanding for Strategic Cooperation (MOU). Under the MOU, MCN and SpeedCast will form a strategic partnership by integrating MCN’s VSAT network in Asia Pacific and SpeedCast’s global VSAT networks to provide global connectivity to the maritime industry. This partnership aims to provide seamless connectivity for both MCN and SpeedCast customers wherever they are, as well as providing a wide portfolio of applications enhancing productivity, crew welfare and safety.
Global Oceanic Carriers Acquires Bulk Carrier
Global Oceanic Carriers Limited, a global provider of marine transportation services for dry bulk cargoes, announces today that the company has entered into an agreement to purchase a Handymax vessel charter-free for $37m. The vessel, acquired from ABG Shipping Limited will be renamed to M/V â€œGO Friendshipâ€ and is scheduled for delivery in August 2007. The M/V GO Friendship was built in Korea in 1994 and has a carrying capacity of 44,875 dwt. The company intends to finance this acquisition with banking facilities. Upon delivery, the M/V GO Friendship will operate under a fixed-rate period time charter for 3 years with Samsun Global Corp. $26,850 per day.
Inmarsat 3Q Results
Inmarsat Holdings Limited, a wholly-owned subsidiary of Inmarsat plc (LSE: ISAT), provider of global mobile satellite communications services, reported unaudited consolidated financial results for the 3 months ended 30 September 2008. Andrew Sukawaty, Inmarsat's Chairman and Chief Executive Officer said, "Our business continues to generate strong revenue and cash flow growth across all of our market sectors. We have seen no impact of global economic weakness in the usage and take…
Container Trade In The 21st Century
While container trade growth has slowed in recent years, box trade has still expanded significantly since the turn of the milliennium, according to Clarkson Research Services Limited. In 2016, box trade is projected to total 181m TEU, almost three times volumes in 2000, having grown by an average 6.4% p.er annum. However, with an increased focus on Asia, this growth has not been evenly spread across the trade lanes. This century has seen significant growth in global container trade driven by increased volumes across a range of trade lanes (see graph)…
Sino-Global Shipping Enters Agreement With COSCO
Sino-Global Shipping America, a non-asset based global shipping and freight logistic integrated solution provider, has announced the signing of an Inland Transportation Agreement with COSCO Beijing International Freight Co in which COSFRE Beijing will utilize the Company's full-service logistics platform to arrange for the transport of its container shipments into US ports. In addition to the Agreement with COSCO Beijing, the Company has entered into a Strategic Cooperation Framework Agreement with Sinotrans Guangxi, a subsidiary of Sinotrans Limited.