Several international environmental organizations have submitted a paper to IMO, calling into question the use of scrubbers as alternative compliance mechanisms for the new 2020 fuel sulphur regulations.
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The large manufacturing investments came from semiconductor as well as energy and chemical companies.
A group of international shipowner associations has submitted a proposal to form the world’s first collaborative shipping R&D programme to eliminate CO2 emissions from international shipping.
MSC has started to use biofuel in its vessels calling in Rotterdam, the Netherlands, to reduce an estimated 15-20% in CO2 emissions.
On 15 December 2019, around six heavily armed pirates boarded a product tanker underway approximately 118 nm of Cotonou, Benin, kidnapping 20 seafarers and destroying some equipment on board.
Ship operating costs inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend. Costs are expected to continue rising at a similar pace in 2020 on a hardening insurance market before receding in subsequent years.
Piracy is proving costly for firms operating in the Gulf of Guinea. Industry experts say kidnappings at sea have become so common, they have increased the cost of operations.
Pirates attacked two vessels separately in the Singapore Strait on Dec 23, bringing the total number of such incidents to five in just four days.
To support smooth implementation, the IMO Secretariat has set up a dedicated hotline email address for any queries from Member States and the shipping industry as the regulation comes into effect.
Maersk launches its new logistics centre in Bac Ninh to address the needs of a high-demand North Vietnam market.
During the recent Global Maritime Forum’s second Annual Summit in Singapore, 220 decision-makers identified collaboration as a key driver for positive change.
There is increasing confidence towards consistent implementation resulting from significant efforts to date by all stakeholders.
IMO aims, as a matter of urgency, to decarbonise international shipping in this century.
The Indonesia government wants to increase Kuala Tanjung’s capability in competing with other major ports along the Malacca Straits.
Fire-fighting capabilities onboard container ships are deficient and there is a need to improve the safety of crew, environment, cargo and ships themselves.
DNVGL has issued an Approval In Principle to MOL and Samsung Heavy Industries for their Bow Wind-Shield designed for Ultra-Large Container Carrier.
A containerized 600 kWh marine battery system will be installed in a trial on board the Maersk Cape Town in December 2019 to improve the efficiency of a vessel’s onboard electrical systems.
Oman, UAE and Bahrain feature in the top 10 markets that have most rapidly improved their trade growth potential over the past decade.
The global automotive market continues to be in the red due to various factors including declining sales in mature markets, trade war and tariffs, and stringent emission regulations. Against this backdrop, Indonesia looks well-placed to be the pressure release valve that the industry needs.