| .: 17-Aug-2018 :. |
|
Displaying 1 to 17 of Records. Page 1 of 1 |
|
| 1 |
|
Container Shipping Continues Progress in Reducing CO2 Emissions but Major Innovation Needed to Meet Ambitious Global Climate Goals
Report from Clean Cargo Working GroupTM, representing 85 percent of ocean containerized shipping and industry customers, shows drop in CO2 emissions in 2017 San Francisco, August 16, 2018 Carbon dioxide emissions from 22 of the world s leading ocean container carriers, representing 85 percent of global containerized shipping, continued to fall in 2017, but more innovation and ...Posted On:17-Aug-2018
|
|
|
Innovation required to spur cargo shipping sector towards 2050 emission reduction targets
Despite recent progress towards decarbonisation by the world's leading maritime shipping companies, the sector is in need of innovation to spur it towards the International Maritime Organisation's (IMO) 2050 target of halving CO2 emissions from 2008 levels.
That is according to global non-profit BSR s Clean Cargo Working Group, which found that the CO2 emissions generated by 22 big-name stakeholders in the maritime industry - collectively representing 85% of the containerised shipping sector - fell 1% last year.
The Group, which provides resources aimed at helping major brands, cargo carriers and freight forwarders to measure and reduce the emissions intensity of their ocean carriers, compiled emissions data from more than 3,200 ships to calculate the statistic.
Its research, published today (August 16), reveals that emissions per container move have dropped by 37.1% since 2009. In order to accelerate progress towards industry-wide climate targets, the BSR has called for a focus on innovation.
"We need more innovation in low-emission technology, as well as continued collaboration, to meet the ambitious goal of halving CO2 emissions from shipping by 2050," BSR manager Nate Springer said.
"The progress on climate and air quality we are seeing in container shipping - one of the highest emitting industries - is absolutely critical for achieving global environmental goals."
According to a report by the European Parliament, the international shipping industry is currently responsible for about 2.5% of global CO2 emissions - but this proportion could rise to 17% by 2050 if the sector is left unregulated.
Cargo and container ships are an important transportation method, carrying billions of tonnes of goods across select trade groups each year. However, the heavy boats are often heavy emitters, with research suggesting that vessels of 5,000 gross tonnage and above account for 85% of carbon emissions from the shipping sector.
The sector is striving to meet climate commitments. Currently, 81% of BSR's Clean Cargo Working Group - including DHL and Costco Shipping - have emissions reduction targets in place.
Pushing the boat out
After becoming the first international body to adopt mandatory energy and carbon efficiency measures for an entire sector in 2011, the IMO - and the shipping industry as a whole - was missing from the global climate deal established in Paris in 2015, along with international aviation.
Nonetheless, the shipping industry has since introduced its own global initiative to combat climate change. In 2016, the IMO approved a roadmap through to 2023 on the global adoption of an emissions reduction strategy. Since then, more than 170 countries have reached an agreement to reduce CO2 emissions from their respective maritime sectors by at least 50%, against a 2008 baseline.
According to the text produced by the IMO working group submitted to member states, this target is not legally binding.
In a further drive to improve the sustainability of the sector, six corporations recently announced they would lead a new UN initiative to help stakeholders tackle ocean issues including overfishing, marine litter and acidification.
The coalition pledged through membership to the UN s Global Action Platform for Sustainable Ocean Business to re-evaluate their products, services and business models to negate harmful impacts on ocean ecosystems.Posted On:17-Aug-2018
|
|
|
Samsung Heavy to Build Two LNG Carriers for Celsius Tankers
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured a contract for the construction of two 180,000 cbm LNG carriers for Denmark s Celsius Tankers.
In addition, the contract includes two options. Celsius Tankers, which will pay USD 187 million for each of the vessels, is making its entry into the LNG business with this order.Posted On:17-Aug-2018
|
|
|
Maersk s Revenue Grows in a Challenged Market
In the second quarter of 2018, Danish transport and logistics major A.P. Moller - Maersk showed progress in the strategic business transformation, reporting revenue growth at the same time as realising synergies through further business integration.
Revenue grew 24% to USD 9.5 billion across segments in the second quarter of the year, compared to USD 7.7 billion reported a year earlier.Posted On:17-Aug-2018
|
|
|
Maersk to Spin Off Drilling Unit as It Focuses on Transport
Danish transport and logistics group A.P. Moller - Maersk has decided to list Maersk Drilling as a standalone company on Nasdaq Copenhagen in 2019 in an effort to focus on transport and logistics.
Having evaluated the different options for Maersk Drilling, the group opted for the move as it presents "the most optimal and long-term prospects" for its shareholders.Posted On:17-Aug-2018
|
|
|
Team Tankers Bounces Back to Profit in Q2
After posting financial losses, Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018.
The company posted a net income of USD 4.4 million in Q2 2018, compared to a net loss of USD 7.3 million in Q1 2018 and a net loss of USD 7.1 million in Q2 2017. In addition, EBITDA for the second quarter was USD 6.7 million, compared to USD 3.1 million seen in the corresponding three-month period a year earlier.Posted On:17-Aug-2018
|
|
|
Cargo ship bound for France ran aground in White sea
General cargo ship MEKHANIK KOTTSOV with 3903 cubic meters of timber on board, bound for Saint-Malo, France, ran aground at 0006 Moscow time Aug 16 at Onega port entrance, northwest Russia, White sea, while leaving port with pilot on board. Tug was sent to assist, no information on further development, no information on damages. The ship strayed off fairway after engine failure.Posted On:17-Aug-2018
|
|
|
Fire on board of Russian freighter, Arkhangelsk
Fire erupted in one of crew cabins of general cargo ship YAMAL IRBIS, docked at Ekonomia area of Arkhangelsk port, northwest Russia, White sea, at around 1530 Moscow time Aug 15. Several fire engines were deployed, fire was soon extinguished. 12-sq.meter cabin burned out, two neighbouring cabins sustained some damages. No injures reported. As of 1630 UTC Aug 16, the ship was in the same position in Arkhangelsk.Posted On:17-Aug-2018
|
|
|
DP World s Earnings Grow amid Upswing in Global Trade
Dubai-based terminal operator DP World delivered robust financial results for the six months ended June 30, 2018, but said it expects uncertainty in the container market.
The company reported a revenue of USD 2.62 billion, representing a growth of 14.4% on a reported basis and 3% on a like-for-like basis, mainly driven by volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC (Drydocks), Dubai Maritime City (DMC) and Cosmos Agencia Maritima (CAM).Posted On:17-Aug-2018
|
|
|
Maersk AHTS to Install First Offshore Cleaning System
Danish shipping major A.P. Moller - Maersk is providing marine support to The Ocean Cleanup organisation by installing a pilot clean-up system in the Pacific.
In September 2018, the first offshore cleaning system will be installed by Maersk Supply Service s AHTS vessel, Maersk Launcher, in the Great Pacific Garbage Patch (GPGP), located 1200 nautical miles off the coast of San Francisco. The Ocean Cleanup, a non-profit organisation, has developed a 600-meter-long floating buoy system with a screen to collect plastic debris for recycling.Posted On:17-Aug-2018
|
|
|
TORM s Newbuildings to Feature Scrubbers
Danish shipping company TORM is turning to scrubbers in an effort to prepare for the upcoming 2020 sulfur cap.
Namely, the company said that it has "decided to install scrubbers on 14 of our vessels to prepare for the expected consequences of the IMO sulfur emission directive." The vessels in question include all units currently on order and the three LR2 vessels that were delivered earlier in 2018.Posted On:17-Aug-2018
|
|
|
Boskalis Makes Partial Exit from Heavy Lift Business
Dutch dredging and maritime company Royal Boskalis Westminster N.V. (Boskalis) plans to partially exit from its heavy lift business after it suffered huge financial losses in the first half of this year.
The company delivered a net loss of EUR 361.4 million (USD 412.1 million) in H1 2018, compared to a net profit of EUR 75.1 million seen in the corresponding period a year earlier. EBITDA stood at EUR 167.2 million in the first half of 2018, compared to EUR 225.1 million posted in the same period of 2017.Posted On:17-Aug-2018
|
|
|
Port Of Oakland July Container Volume Up 3.6 Percent
Port of Oakland total container volume increased 3.6 percent in July, according to data released today. The Port said the rise over July 2017 totals was driven by an increase in empty container shipments to Asia. Import cargo volume declined 0.6 percent in July, the Port said. Exports were down 7.3 percent.Posted On:17-Aug-2018
Credits: www.bunkerportsnews.com |
|
|
16 Ships Arrive Lagos Ports With Petrol, Other Products
Sixteen ships carrying various products are at Apapa and Tin-Can Island ports waiting to berth, the Nigerian Ports Authority (NPA) said on Thursday in Lagos.
It said seven of the 16 vessels contained petrol, four carrying containers, three carrying base oil, while the remaining two ships would berth with bulk fertiliser and aviation fuel.Posted On:17-Aug-2018
Credits: www.bunkerportsnews.com |
|
|
Okskaya Sudoverf Shipyard launches 6th serial barge of Project ROB20
Okskaya Sudoverf Shipyard (Shipyard OKA, part of UCL Holding) on August 15, 2018 hosted a launching ceremony for sixth non-self propelled oil barge m/v BELMAX 6 of Project ROB20. The serial barges are being built for State Transport Leasing Company (STLC), the shipbuilding firm said on Thursday.
The contract for Project ROB20 oil barges was signed on October 31, 2017. Keel-laying ceremony for the BELMAX class sixth vessel was held on March 29, 2018.Posted On:17-Aug-2018
Credits: www.bunkerportsnews.com |
|
|
Kalmar wins container handling equipment order from Shanghai International Port (Group) SIPG in China
Kalmar, part of Cargotec, has secured an order to supply 15 units of container handling equipment to Shanghai International Port (Group) Co., Ltd (SIPG). This order, including a total of 4 units of Reachstackers and 11 units of Empty Container Handlers, has been booked into the Cargotec 2018 second quarter order intake. Delivery of the machines is scheduled to take place in the third quarter of 2018.Posted On:17-Aug-2018
Credits: www.bunkerportsnews.com |
|
|
DP World Announces Robust Financial Results Revenue Growth of 14.4% in First Half of 2018
Global trade enabler DP World today announces robust financial results for the six months to 30 June 2018. On a reported basis, revenue grew 14.4% and adjusted EBITDA increased by 7.9%. Adjusted EBITDA margin was 50.3%, delivering profit attributable to owners of the Company, before separately disclosed items1, of $593 million and EPS of 71.5 US cents. On a like-for-like basis, revenue grew 3.0% and adjusted EBITDA increased by 4.2% with adjusted EBITDA margin of 54.4%, and attributable earnings to owners of the Company increased up by 5.2%, reflecting the stable trading environment.Posted On:17-Aug-2018
Credits: www.bunkerportsnews.com |
|
|
|
|
