If the shipping companies want to remain relevant to investors and banks, the sector needs to start delivering results in terms of environmental and climate efforts soon, says shipping bank DNB in an interview with ShippingWatch.
With the current policies, global energy consumption will increase by 25 percent ahead of 2040, accompanied by continued growth in greenhouse gas emissions.
With the current policies, global energy consumption will increase by 25 percent ahead to 2040, accompanied by continued growth in greenhouse gas emissions.
While Maersk is publicly criticizing the exhaust gas cleaning systems, the group has still begun to install them on a large scale. Smart choice, say analysts.
LNG is the only sustainable solution for the shipping industry here and now, says Singapore's Maritime and Port Authority, which is ready with an incentive program for shipowners to push them toward LNG-driven vessels.
US President Donald Trump says the US has not agreed to unwind tariffs, sowing doubt about hopes raised by China and even some White House aides that the US was prepared to ease some of the tariffs in order to settle a trade deal.
Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.
The European Commission proposes adding the shipping industry to the EU's quota scheme in order to reduce greenhouse gas emissions. ECSA's upcoming president, Claes Berglund, does not think that would be a good idea.
Romania's government nominated a man and a woman for the position as transport commissioner in the new commission, and Ursula von der Leyen selected Adina-Ioana Valean.
Out of the world's ten biggest container lines, Japan's ONE is the only company to not install any scrubbers ahead of 2020. The shipping line is therefore particularly exposed to high fuel prices, writes Alphaliner.
The two countries have agreed to roll back their tit-for-tat tariffs in phases, says a spokesman for China's Ministry of Commerce.
The EU's next transport commissioner will likely hail from Romania, where the government has now nominated its candidate for the job. The original candidate was previously blocked by the European Parliament.
It is necessary to introduce a carbon tax on fuels in order to incentivize companies to make the move to new technologies, says Lasse Kristoffersen, Chairman of the Norwegian Shipowners' Association and Klaveness CEO, in an interview with ShippingWatch.
Only two out of more than 200 participants represent China at this year's Global Maritime Forum, where the most prominent agenda is measures for the industry to reduce its emissions. That is "far too few", according to Klaveness CEO, and the conference acknowledges the issue.
The Clean Shipping Coalition wants the International Maritime Organization to reconsider liquefied natural gas as a climate-friendly solution for shipping, as NGOs behind the coalition believe it can be harmful in the long run.
The unrest in Hong Kong can sometimes make it difficult for Pacific Basin employees to commute to and from work. Therefore employees are allowed to either work from home or leave early in order to avoid running into the protests, informs the shipping company, which has, however, overall seen a "minimal impact" on operations.
Maersk, Cargill and several others' ambition of launching the world's first zero-emission deep-sea ship by 2030 risks stranding without IMO legislation, says Cargill president.
Shipping's top executives expect new environmental requirements to be imposed on the industry in the coming years. Meanwhile, there is concern about how well prepared the industry will be in terms of the climate and environment, shows new study.
In 2020, major banks' new climate requirements for the shipping industry will take off in earnest, say the banks behind the Poseidon Principles at conference Global Maritime Forum. They expect up to 90 percent of the world's shipping banks to have come aboard in 12 months.
Maersk and BMW will in collaboration with several partners develop a new ship fuel using ethanol. The announcement comes shortly after Maersk pointed out three fuel types that the group is betting on.
Shipping company Genco Shipping & Trading installs scrubbers aboard its capesize dry bulk vessels. The shipping company expects all its large vessels to be equipped with the exhaust gas cleaners before the new sulfur regulations enter force from the turn of the year.
Tanker shipping company Euronav saw a smaller increase in tanker rates in the third quarter than expected. Euronav furthermore appoints a new CFO, replacing the former one, who is now CEO.
Shipowners in the ECSA want to improve shipping's image with a new maritime growth plan aimed at attracting new talent and maintaining experienced seafarers. Read about the plan here.
The European Council of Ministers now supports Denmark's point of view on the question of how to measure ships' CO2 emissions. The decision, however, is not final.
In 2020, Vale- and BHP-owned Samarco will be able to restart operations at the mines that collapsed back in 2015. The company has reestablished the mines and received the necessary permits.
Rector for Marstal Navigation School
Bunker Trader Officer - GMS in Dubai
Bunker Broker - Liberty Marine Fuels 
Experienced accountant for international shipping company
