LNG and methanol, produced by using fossil fuels, is not much better than conventional bunker oil when it comes to reducing greenhouse gas emissions, concludes new report from International Transport Forum under OECD.
A joint lobby effort from the Danish shipping industry this summer led to Denmark becoming a hub for crew changes during the coronavirus crisis. Early in the process, Maersk's CEO met with the prime minister, reveals right of access to documents.
The slight fluctuations that appear when fuel is tested for sulfur content have now been included in new IMO regulations, which allow for a test deviation from the set 0.5 threshold to 0.53 percent. But it will not apply until 2022.
The number of vessels that fall victim to attacks and robberies in the Strait of Singapore has significantly increased in the first nine months of the year, reveal new numbers. Ships are encouraged to be on guard.
Twice as many wind turbines will need to be installed over the next many years, and this requires significantly more offshore wind service vessels to handle the installations, writes Clarksons Platou in a new analysis.
Euronav CEO Hugo de Stoop is disappointed with the result of the MEPC meeting, which he says can "allow people to do nothing". Asking German and Danish shipowners if the meeting went well, you get two completely different answers.
The ambitious nations did not come close to getting what they wanted. "But there was no appetite for more," says a source about the result reached by the MEPC committee, as the desire to just reach an agreement became decisive. The Getting to Zero coalition says this could impede the 2030 target of achieving emission-free ships.
The IMO just approved a proposal that sets out the methods shipping will use to lower its emissions in the short term. This happens despite criticism from, among others, several European countries. The approval is immediately met with criticism from NGOs.
France's CMA CGM launches a new product offering to its customers, which ensures carbon-neutral transport, according to the container line. The offer includes an option to compensate for emissions by supporting CO2 sequestration projects.
As the first big container line, CMA CGM now confirms that China is putting pressure on container majors, as described by ShippingWatch a few months back. According to CMA CGM's chief executive, China wants to cap rates, he tells Financial Times.
Now is the time to focus on methods for achieving the shipping industry's long-term ambition of halving emissions by 2050, says IMO Secretary General Kitack Lim in his opening speech at the MEPC summit.
The Port of Rotterdam plans to introduce bunker licenses and improve both quality and a poor reputation in the industry. Two major carriers and operators ShippingWatch has spoken with find the initiatives insufficient.
Before IMO's secretary general, Kitack Lim, opens this week's decisive meetings in the MEPC to determine shipping's future CO2 strategy, frustrations and fears of a useless result – or even lack thereof – are spreading.
The Danish Minister of Defense, Trine Bramsen, now wants to look into the possibility of strengthening Denmark's efforts against piracy in the Gulf of Guinea. Focus on the issue has been renewed after a Torm vessel was attacked last week.
Seven European countries are hastily forming an alliance to secure a significantly more ambitious climate agreement at the MEPC meeting in ten days. Greece, Cyprus and Malta were not invited, and for a good reason.
The owner of ship MV Wakashio, which ran aground in July causing 1,000 tonnes of oil to spill off Mauritius, expects to finalize its clean-up by January. The ship was on charter to MOL when the accident happened.
Kuehne + Nagel has introduced a climate criterion for when it chooses container lines, and ranks 15 container lines according to the scope of their carbon emissions. There is a big gap from top to bottom, it turns out.
From a market that solely consisted of oil-based products to a new reality in which vessels sail on, for example, electricity. IBIA chairman Henrik Zederkof outlines the radically changed bunker industry.
Not a single Chinese lender has joined the Poseidon Principles so far, although the European banks behind the principles announced almost ten months ago that this was likely to happen shortly. Hope remains intact, however, says a spokesperson.