BIMCO: Low-Sulfur Fuel Sales Rise as Shipping Industry Responds to IMO 2020
The final quarter of 2019 marked a massive decline of high-sulfur fuel oil (HSFO) sales as the industry transitioned into compliance with the IMO 2020 sulphur cap, according to international shipping association BIMCO.
Over USD 1 Trillion Needed to Decarbonize Shipping by 2050
At least USD 1 trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas emissions by 2050, a new study shows.
EC: A.P. Møller Capital Gets Green Light for Port Terminals in West Africa
The European Commission has approved the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by Denmark’s A.P. Møller Capital (APMC)
MUA Threatens with Fresh Industrial Action as Tensions with DP World Intensify
The Maritime Union of Australia (MUA) is planning a new wave of industrial action across Australian terminals as tensions between the union workers and stevedoring company DP World Australia heat up.
Croatian DIV Group to Buy Norway’s Kleven Verft
Croatian DIV Group has agreed with Norwegian expedition cruise operator Hurtigruten to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels.
IMO Secretary-General: Prices for Compliant Fuels Stabilizing
Prices for compliant fuels, very-low sulphur fuel oil (VLSFO) and marine gas oil (MGO), rose quickly since the start of implementation of the sulphur cap on January 1, 2020, but now appear to be stabilizing, IMO Secretary-General Kitack Lim said.
Port of Karachi Bans Discharge of Scrubber Wash Water
The Port of Karachi in Pakistan has joined the list of ports enforcing a ban on discharge of wash water from open-loop scrubbers, according to Standard Club.
Denmark: New Initiative Launched to Get More Women on Board
Denmark has presented a new initiative aimed at increasing the share of women in Danish shipping companies.
TORM Invests in Scrubber-Fitted LR2 Newbuilding Pair
Danish tanker shipping company TORM has inked a contract to buy two scrubber-fitted LR2 newbuildings from Chinese-based Guangzhou Shipyard International (GSI).
First Ship-to-Ship LNG Bunkering Completed at Port of Rostock
Kairos, described as the world’s largest LNG bunker vessel, has completed the first ship-to-ship LNG bunkering in the Port of Rostock — representing the second such operation to take place in Germany.
World’s 1st Ammonia-Powered Fuel Cell to Be Installed on a Vessel
A consortium co-ordinated by the Norwegian cluster organization NCE Maritime CleanTech which wants to install an ammonia-powered fuel cell on a vessel has won EUR 10 million funding from the European Union.
Port of Hamburg Will Not Lose Cargo due to Liner Service Changes
Germany’s Port of Hamburg said it is not expecting a reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk.
BW Bulker Catches Fire in Gulf of Aden
A fire broke out onboard a Panamax bulk carrier while the ship was sailing in the Gulf of Aden.
China: World’s Largest Shipbuilder Established
China has officially unveiled China Shipbuilding Corporation, which was described by the country’s officials as “the world’s largest shipbuilding group”.
Niras Wins Contract for Tanzania’s Tanga Port
Danish consultancy company Niras has signed a contract for the study and design of a new oil terminal and the expansion of Tanzania’s second-largest port, the Port of Tanga.
DecarbonICE: New Carbon Capture Project Gains High-Level Traction
DecarbonICE, a project led by former DNV GL head Henrik Madsen with the aim of leading the industry to carbon negative shipping, has garnered support from a number of major players from the industry.
New Zeland to Join IMO Air Pollution Convention
New Zealand revealed plans to sign up to new international maritime regulations to reduce ship emissions and lift air quality around ports and harbors, Julie Anne Genter, the country’s Associate Transport Minister, said.
Georgia Ports Authority Gears to Surpass 4.6 M TEUs
Georgia Ports Authority (GPA) is about to exceed 4.6 million twenty-foot equivalent container units for the first time in a calendar year, the East Coast-based port authority said.
Kitack Lim to Lead IMO for Another 4 Years
The Assembly of the International Maritime Organization (IMO) has approved the renewal of Kitack Lim’s appointment as Secretary-General of IMO.
MSC to Use 30 Pct Biofuel Blends on Its Ships
The world’s second-largest container shipping company MSC Mediterranean Shipping Company (MSC) has committed to the usage of 30% biofuel blends, the company announced on Saturday, December 7.