ShippingWatch

Regulation

A.P. Møller test center wants to bring in more partners

The new test center, which has Bo Cerup-Simonsen at the helm, sets out to find new solutions for shipping's climate challenge and aims to bring in more than 50 new partners. The center's results will be shared with the entire industry, emphasizes Simonsen.

Organizations accuse shipping of failing to move on climate

Two organizations say that the shipping industry is not ambitious enough in terms of reducing emissions in the short term. In a new report, they conclude that the industry's efforts are "critically insufficient" in terms of global warming.

WTO no longer believes in worst-case scenario

The World Trade Organization thinks governments around the world were quick to react at the beginning of the corona pandemic, which has helped reduce the global decline in trade. Now, the organization no longer believes in the most pessimistic scenario it presented in April.

Top executives identify key barriers to shipping's climate efforts

The price difference between new technologies and current fuels is the biggest barrier to lowering shipping's greenhouse gas emissions, believes Alexander Saverys, CEO of Belgian CMB. "Either we find something to bridge that gap or we find a customer that pays for it."

EU Commission details plans to halt Asian state aid

Margrethe Vestager has now presented her bid on how to safeguard companies in the EU, including the maritime sector, against unfair competition and state-aided companies from Asia in particular. Read about the proposal here.

Suez Canal oil tanker transits hit all-time high last month

A record number of tanker vessels made their way through the Suez Canal in May. This development is likely due to an increase in fleet activity as a result of higher tanker rates, writes Bimco. Meanwhile, a growing number of container liners currently opt for the route south of Africa instead.

Now contracts are expiring for seafarers across the globe

International Transport Workers' Federation, ITF, will not extend several contracts for stranded seafarers. The most recent contract expires today, Monday. "This could mean disruption for some shipping lines and some countries," ITF's maritime coordinator tells ShippingWatch.

IMO will hold virtual meetings until July

In the second week of July, IMO will hold virtual meetings at which participants can exchange views on the proposals that are on the table on the short term, but no decisions will be made.

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