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.: 30-Mar-2019 :. Search News
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Alaskan Senator Introduces New Oil Spill Fund Bill
On the thirtieth anniversary of the Exxon Valdez oil spill, U.S. Senator Dan Sullivan introduced a new bill that would modify and permanently reauthorize the federal Oil Spill Liability Trust Fund.
Named Spill Response and Prevention Surety Act, the new legislation maintains the existing nine-cent-per-barrel tax while establishing a USD 7 billion tax collection ceiling and USD 5 billion collection floor, indexed for inflation, to ensure the fund is adequately resourced over time.
The single incident payout claim would be doubled to USD 2 billion, and the natural resource damage claim would also be doubled to USD 1 billion.
The old Oil Spill Liability Trust Fund was established under the Oil Pollution Act of 1990 to ensure the federal government is able to pay for the swift removal of spilled oil and compensate individuals, communities and businesses impacted by a spill disaster.
"The Exxon Valdez oil spill taught us that speed and well-placed infrastructure can mean the difference between a small, containable incident and a full-scale environmental disaster," said Senator Sullivan.
"It is fitting that on the thirty-year anniversary of that devastating spill in Prince William Sound, we introduce legislation to permanently replenish and silo the federal fund that enables government agencies to quickly and capably deploy vessels and response measures to contain the release of oil in an American waterway, and make whole those communities and individuals impacted by a spill."
The senator from Alaska also noted that the legislation would make a biennial USD 10 million response and prevention grant program for research and technological development, and an annual USD 25 million prevention grant program for state programs to upgrade equipment and aging infrastructure, support strategic planning, and address abandoned or derelict vessels.

Posted On:30-Mar-2019



ICS Voices Concern over Mediterranean Migrant Rescue Incident
The International Chamber of Shipping (ICS), which represents the global shipping industry, has expressed its concerns over the recent incident involving the Palau-flagged tanker El Hiblu 1.
Earlier this week, the tanker had been taken over by migrants rescued in the Mediterranean Sea, reportedly because the ship was going to return the rescued persons to Libya.
The small tanker arrived yesterday in Malta with more than 100 migrants on board.
According to ICS, the association is still establishing the details of the ongoing incident but welcomes initial reports that the Maltese authorities have taken action to ensure that the situation is safely resolved.
"ICS is carefully watching this new development, which it will seek to raise with the UN International Maritime Organization which is in session in London this week," Guy Platten, ICS Secretary General, commented.
"If a ship is directed to disembark rescued people in Libya, it creates a potential for conflict between the crew and desperate and frustrated people that might object to being returned. Given the numbers picked up in such large scale rescue operations, the crew of the rescuing ship can easily be outnumbered and overwhelmed."
"Masters of merchant ships should expect that coastal states search and rescue authorities will co-ordinate and provide for disembarkation in a place of safety, both for those rescued and for the seafarers involved in the rescue," he continued.
Platten also reflected on the fact that seafarers on board ships involved in such incidents are civilians and can be affected by traumatic situations they have to face after complying with their obligation to rescue distressed persons at sea.
Merchant ships are still diverted by rescue coordination centers to support large scale rescue operations in the Mediterranean, having rescued tens of thousands of people since the current crisis began in 2015.

Posted On:30-Mar-2019



COSCO Shipping Lines Seals LSFO Supply Deal
China s COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China).
According to the agreement inked on March 28, 2019, Double Rich limited will provide fuel oil with sulfur content not exceeding 0.5% m/m for COSCO Shipping Lines vessels.
As explained, this would enable COSCO "to better fulfill the amendment of ANNEX VI in International Convention for the Prevention of Pollution from Ships (MARPOL), which has been adopted by IMO.”"
By promoting and applying diverse emission reduction technologies and optimizing management pattern, COSCO is moving forward to realize green shipping. The LSFO supply deal has been described by the company as an important step towards "“actively fulfilling MARPOL of IMO, confronting industry trends and adhering to green development."
Preparing for the IMO 2020, the company has implemented research, development and application of ship desulfurization technology. On the basis of pilot installation of scrubbers on two vessels, COSCO Shipping Lines plans to equip more vessels with scrubbers.
COSCO added it intends, also in the future, to "fulfill international conventions and practice green concept by cooperating with partners and global major fuel suppliers."

Posted On:30-Mar-2019



Economy impacts negatively on harbour infrastructure and dredging
The economic situation and reduced demand for port facilities have led to a general reduction in investment in harbour infrastructure and dredging, says global law firm Norton Rose Fulbright transport head Malcolm Hartwell.
"The global shipping and trade markets have been under severe pressure for several years. This has resulted in a significant decline in the commodity exports that South Africa relies on so heavily and in imported manufactured goods."
He notes that this has been exacerbated by South Africa s poor performance over the past ten years, leading to a decline of about 30% in the tonnage of ships calling at the Port of Durban, in KwaZulu-Natal, over the past year.
This performance is subject to a number of caveats, of which the first is that South Africa committed itself to developing the ocean economy by encouraging investment and development in ports and port facilities. "Operation Phakisa lost its focus under the previous administration, but Transport Minister Dr Blade Nzimande has recommitted government to pursuing the potential returns on investment," Hartwell points out.
Further, there has been a marked shift in the way in which shipping lines operate over the past few years. Hartwell notes that Transnet has determined that the most efficient way of moving containers is between large hub ports on huge container ships and then to distribute the containers on smaller ships to spoke ports from those hubs.
Subsequently, this has resulted in the capacity of container ships increasing to 25 000 containers on one vessel, which can enter only a limited number of deep-water ports with long quays.
"“Every region in the world only needs about six of these ports, and first movers will then have the advantage of becoming hub ports. Owing to political stability, financial security or geographical advantage, it is likely that only five or six major hub ports will develop in Africa," he says.

Posted On:30-Mar-2019



Credits: www.bunkerportsnews.com

China aims to reduce cost of logistics
China aims to reduce logistics costs by nearly 121 billion yuan ($17.8 billion) this year, the Ministry of Transport announced on Thursday at a news conference of the State Council Information Office.
Spokesman Wu Chungeng said the ministry will unveil a string of measures not only to cut costs but to promote innovative development of the industry.
China will continue to increase railway freight volume, upgrade its water transportation system, regulate highway freight transport and speed up multimodal transport in a bid to improve its logistics network and optimize its structure, Wu said.
It will also further integrate important ports and harbors into the inland multimodal transport and logistics network, which will connect them with more railways and highways and enable improved cargo interoperability, he said.
The country will also expand the use of pilot programs to deepen reform of the administrative law enforcement system in the logistics industry to improve its efficiency; and it will streamline certain fees related to ports, highways and airports, he said. In addition, the ministry will step up its efforts to manage the effects of eliminating highway toll stations at provincial boundaries.
The ministry also called for small and medium-sized enterprises to forge alliances for common development to consolidate the fragmented logistics sector.
In recent years, China s logistics industry has been experiencing consistent growth on the back of steady economic progress and a rising domestic market. According to the National Development and Reform Commission, logistics expenditures rose 9.8 percent to 13.3 trillion yuan, amounting to 14.8 percent of last year s national GDP. The share was slightly up from the previous year.
The logistics sector is of strategic importance in the development of the market economy, and the ministry has been making consistent efforts to reduce logistics costs and raise efficiency. It reduced logistics spending by 56 billion yuan in 2016, 68 billion yuan in 2017 and 98 billion yuan in 2018.
China ranked 12th last year in the World Bank s logistics performance index covering 160 countries and regions. China s position has moved up 15 places since 2016.

Posted On:30-Mar-2019



Credits: www.bunkerportsnews.com

Shoreham Port Prepares For Change In Leadership
After a decade of service at Shoreham Port, Rodney Lunn the Chief Executive has decided that he intends to leave the Port at the end of the year. This make a rare opportunity for new leadership at Shoreham Port. Rodney will remain in his current position until December, allowing ample time for a successor to be appointed.
During his tenure, Shoreham Port has seen a 75% growth in revenue from £8 million to £14 million, through a focussed diversification of business and a relentless drive for continuous improvement. Last year, around 1,500 commercial shipping movements and over 2 million tonnes of cargo were handled.
Additionally, the Port now has a thriving tenant community with over 100 businesses and 1,500 jobs across its estate. The Port Masterplan remains on track with strategic land purchases and development of key sites, for example the Lady Bee Enterprise Centre, a new commercial estate on an area of reclaimed land near the lock gates will be completed in May 2019.
Rodney s mantra has always been that the Port may not be the biggest Port in country, but will strive to be the best. This has meant hiring the best staff and training everyone to deliver a first class service to their customers. As a Trust Port, building relationships with the Port s eclectic mix of stakeholders and delivering meaningful community partnerships has also been a priority for Rodney.
Amber Foster, Chair of Shoreham Port said "Rodney has taken the Port from strength to strength and will be greatly missed. He has made a tremendous contribution to Shoreham Port, to its stakeholders and to the Port sector as a whole. Thanks to his leadership, we are well on the way to delivering the Masterplan, the Port s relationship with its stakeholders has been transformed and he leaves us in a position ready to move onto our next stage of development. It s a legacy of which he should be very proud. Rodney will leave Shoreham Port in a very strong position for the next Chief Executive to capitalise on for the future. The Board and I would like to thank him for this and we wish him well with his future endeavours."
Rodney Lunn said "It has been a great privilege to be the Chief Executive of Shoreham Port over the past decade, and I have thoroughly enjoyed working with an enthusiastic and committed team. We have achieved great success together, however, I believe the time is now right to step aside and hand the baton over to a new leader, to ensure new ideas and fresh perspectives are brought to the Port. We have 120 fantastic staff members and I am confident that the Port will continue to thrive and remain a key local and regional economic driver."

Posted On:30-Mar-2019



Credits: www.bunkerportsnews.com

Cargotec s Transfer Of Own Shares Based On Incentive Programmes
The Board of Directors of Cargotec Corporation has on 19 March 2019 decided on a directed share issue related to the reward payments for share based incentive programmes. The share reward payments are related to Cargotec s share-based incentive programme launched in 2016, 2018 allocation of restricted shares programme 2016-2018 under the share-based incentive programme 2016 and performance period 2017-2018 of share-based incentive programme launched in 2017.
In the share issue, 115,275 own class B shares held by the company have been transferred today without consideration to the key employees participating in the share based incentive programmes in accordance with the programme specific terms and conditions. More detailed information about the launch and the terms and conditions of the programmes is available in stock exchange releases published on 10 February 2016 and on 8 February 2017.
After the transfer of shares, Cargotec holds a total of 304,328 own class B shares.
The decision on the directed share issue is based on the authorisation granted to the Board of Directors by the Annual General Meeting on 19 March 2019. According to the authorisation, the Board of Directors can decide on a share issue amounting to a maximum of 952,000 class A shares and 5,448,000 class B shares. In accordance with the authorisation, previously 26,684 own class B shares were transferred on 18 March 2014, 28,030 shares on 31 March 2015, 27,601 shares on 31 March 2016 and 56,709 shares on 31 March 2017.

Posted On:30-Mar-2019



Credits: www.bunkerportsnews.com
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