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Regulation

Singapore will push shipping companies toward LNG

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.

Last week's top stories on ShippingWatch

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.

Romania nominates new transport commissioner

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.

China conspicuously absent from shipping's Davos

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.

NGOs want IMO to reconsider LNG

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.

Pacific Basin employees can work from home during Hong Kong unrest

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.

2020 will see major banks imposing climate requirements on shipping

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 to develop ship fuel from alcohol

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.

Genco installs scrubbers on its capesize vessels

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.

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