224 days to go as of this post before #IMO2020 comes into effect.. I wrote recently about an open letter to IMO Member States by NGOs which states that the shipping industry must take appropriate measures to address climate change urgently..
As an initial step, these NGOs expressed their strong support for the IMO’s proposal to regulate ship speeds across various ship type and size categories.. In the letter, the NGOs said their preference would be to set maximum annual average speeds for container ships, and maximum absolute speeds for the remaining ship types, which take account of minimum speed requirements..
Of course, this was not welcomed by all, least of all by container carriers as it would result in them having to increase their fleet size to meet the delivery schedules imposed on them by the trade.. As per the carriers, this would defeat the purpose of trying to reduce GHG (greenhouse gas emissions) emissions..
The letter said that this regulation should be implemented as soon as possible and the obligation for compliance should be placed both on shipowners and operators, including charterers and called on all parties at the forthcoming IMO’s Marine Environment Protection Committee (MEPC74) to support this move..
Well, #MEPC74 has come and gone but there has been no agreement or deal on any of the proposals put forward to reduce GHG emissions..
Further to the various articles I have posted on this site about the fire damaged container ship Yantian Express, readers may be happy to hear that the ship has finally reached its destination..
Yantian Express a 7,510-TEU vessel operated by Hapag Lloyd suffered fire on board in early January while on its way from Colombo, Sri Lanka to Halifax, Canada.. The ship was carrying around 3,875 containers at the time of the incident of which 320 containers were a total loss..
Yantian Express finally reached Halifax on the 20th of May 2019..
DP World who are well known for their container terminal operations around the world has come up with an innovative solution which is designed to transform the way containers are handled in container terminals – whether greenfield or brownfield..
A greenfield terminal is a newly built terminal built from scratch for the purpose of container terminal operations, whereas a brownfield terminal is an already existing container terminal which needs to be modified or upgraded and has several infrastructure or development constraints such as space..
In this day and age where the urban world is facing space constraints in terms of land, whether it is buildings or container terminal storage, the only way seems to be UP..
A new joint venture between global trade enabler DP World and industrial engineering specialists, SMS Group has done just that by launching BOXBAY – a new high bay container storage system that will transform the way containers are handled in the ports it operates in..
Maritime transport (sea transport) accounts for around 90% of the global trade.. While the greenhouse gas emissions from shipping is much lower than other modes of transport at around 2.6% of total global emissions, this share could more than triple by 2050 if additional measures are not taken to reduce these emissions..
The International Maritime Organization (IMO) has been working to reduce the harmful impacts of shipping on the environment since the 1960’s and in 2016 adopted a new regulation commonly termed IMO 2020..
In line with this requirement and in an effort to reach its net zero CO2 target by 2050, Maersk Line will be teaming up with a group known as Dutch Sustainable Growth Coalition (DSGC) consisting of Dutch multinationals – Friesland Campina, Heineken, Philips, DSM, Shell and Unilever (many of them Maersk Line’s customers) on a pilot project to test the use of second-generation biofuels.
In one of my previous articles, I had posted about what happens in a day in the life of a Shipbroker.. Then came some questions from readers about what is the difference between a shipbroker and a ship charterer..
In this article, I discuss the Difference between a shipbroker and ship charterer and the role that both of them play in global trade..
Yesterday, I posted some questions relating to the consequences and process of General Average – once it is declared..
In a press release, ONE (Ocean Network Express) one of the alliance partners of Hapag Lloyd, have released further information relating to the Yantian Express which declared General Average on the 25th of January 2019..
The “Yantian Express” suffered a major fire resulting in both the vessel and a portion of the cargo suffering either fire or water damage..
ONE has released an update on the General Average security demand, latest salvage declaration details, a Salvage Guarantee Form and an overview of frequently asked questions (FAQ)..