Daily News
Environment NGOs question use of open-loop scrubbers
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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Despite global uncertainties, S’pore secures $15.2 billion investment in 2019
The large manufacturing investments came from semiconductor as well as energy and chemical companies.
EVERYTHING YOU NEED TO KNOW ABOUT CARBON EMISSION SPENDING
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 using 30% biofuel blends
MSC has started to use biofuel in its vessels calling in Rotterdam, the Netherlands, to reduce an estimated 15-20% in CO2 emissions.
Pirates increase kidnappings in Gulf of Guinea
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 rise on higher R&M, insurance spend
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.
Gulf of Guinea piracy extracts huge business costs
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.
Five piracy attacks in four days at Singapore Strait
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.
Giving feedback on IMO 2020
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 opens logistics centre in Vietnam
Maersk launches its new logistics centre in Bac Ninh to address the needs of a high-demand North Vietnam market.
Maritime leaders identify collaboration as key driver for positive change
During the recent Global Maritime Forum’s second Annual Summit in Singapore, 220 decision-makers identified collaboration as a key driver for positive change.
Stakeholders confident as IMO 2020 implementation looms
There is increasing confidence towards consistent implementation resulting from significant efforts to date by all stakeholders.
IMO pushes forward to meet emission reduction targets
IMO aims, as a matter of urgency, to decarbonise international shipping in this century.
Kuala Tanjung collaborates with Rotterdam Port, Zhejiang Seaport
The Indonesia government wants to increase Kuala Tanjung’s capability in competing with other major ports along the Malacca Straits.
Time to take action against container ship fires
Fire-fighting capabilities onboard container ships are deficient and there is a need to improve the safety of crew, environment, cargo and ships themselves.
MOL’s bow wind-shield reduces carbon emission by 2%
DNVGL has issued an Approval In Principle to MOL and Samsung Heavy Industries for their Bow Wind-Shield designed for Ultra-Large Container Carrier.
Maersk trials battery system to reduce fuel consumption
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, Bahrain are rising stars of trade
Oman, UAE and Bahrain feature in the top 10 markets that have most rapidly improved their trade growth potential over the past decade.
Indonesia stands out as bright spot for global automotive market
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.
