• 2019 May 20 12:01

    International shipping on track to meet 2030 CO2 reduction target following critical UN IMO meeting

    The International Chamber of Shipping (ICS) – which represents the world’s national shipowner associations – remains confident that shipping will improve its carbon efficiency by at least 40% by 2030 compared to 2008, in line with the UN International Maritime Organization (IMO) targets to reduce greenhouse gas (GHG) emissions. This follows important decisions made by the IMO Marine Environment Protection Committee (MEPC 74) which met in London this week.

    ICS Secretary General, Guy Platten commented: “We welcome the adoption of important new IMO regulations to strengthen and bring forward the application of the Energy Efficiency Design Index for several different types of new build vessel, including containerships. We are keen to see further progress on developing more short term measures to help the existing fleet reduce its emissions, and are optimistic that IMO Member States can agree some additional regulations, during 2020, combining prescriptive and goal based approaches that will deliver further GHG reductions before 2023.”

    Mr Platten added “If this solid IMO momentum continues then the industry is on track to meet the 2030 target. Progress by the industry so far will be clearer after the conduct of the next IMO Greenhouse Gas Study, whose terms of reference were finalised this week. Hopefully this will confirm that the sector’s total emissions actually peaked in 2008 due to the technical and operational efficiency measures that shipping has taken since then to reduce its fuel consumption.

    “Following the agreement of procedures to conduct assessments of the impacts of proposed GHG reduction measures on the economies of IMO Member States, there is no reason why IMO should not be able to quickly agree on low hanging fruit such as speed optimisation measures. We believe that these can best be addressed in part through the ‘Super SEEMP’, as proposed by ICS and other shipowner associations – the mandatory external audit of Ship Energy Efficiency Management Plans as part of the ISM Code. This will require shipping companies to demonstrate they have done everything possible to improve fuel efficiency in pursuit of the 2030 target.”

    He continued “There does appear to be widespread support among many Member States for these proposals, as there also was for constructive proposals from Japan to help existing ships deliver further technical efficiencies which have much in common with the industry’s approach” Mr Platten remarked.

    He added: ‘Although no final decisions have been taken it was clear that the majority of IMO Member States, including major economies such as China, India, the United States and many South American nations, had little appetite at present for initiatives such as mandatory speed limits, expressing concern that these would reduce the efficiency of maritime transport, in effect increasing the distance between economies and their markets, while acting as a disincentive to the take-up of new CO2 reduction technologies.”

    Mr Platten concluded: “While short term measures are important, ICS continues to assert that IMO needs to move quickly onto considering the critical long term measures that will help the industry to deliver the very ambitious target of a 50% total cut of GHG emissions by 2050 regardless of trade growth. This can only realistically be achieved with the introduction of commercially viable zero – or near zero – CO2 emitting propulsion systems, which means that accelerated research and development programmes have to be at the centre of the IMO strategy.”

    ICS also welcomes the additional guidance agreed by the IMO MEPC to assist smooth implementation of the global sulphur cap on 1 January 2020, the requirement for ships outside sulphur emission control areas to use fuel with a sulphur content of 0.5% or less.

    ICS will be using these latest IMO guidelines to update its well received ‘Guidance on Compliance with the 2020 Global Sulphur Cap’ which is available to all ship operators via the ICS website free of charge.




2020 April 6

18:37 Okeanis Eco Tankers announces three year VLCC time charter
18:06 Bureau Veritas helps to manage risk thanks to digitalized inspection services
17:45 Turnover of DeloPorts terminals in January-March of 2020 reached 2.6 mln tonnes, up 44% YoY
17:39 The production of Tallink’s new car and passenger ferry MyStar has started at Rauma shipyard
17:12 Maersk Container Industry signs first Star Cool milestone contract with Evergreen
17:06 Lloyd’s Register completes six-day, three-person audit for marine and offshore component and equipment business Whittaker Engineering
16:30 8,800 cbm of material dredged in Korsakov seaport
16:08 MABUX Digest: Top events on global bunker market: Week 14
16:06 CMA CGM cancels PSS for cargo from East Africa to Asia
15:59 The Korean Register releases the latest updated version of KR-CON
14:50 DNV GL’s new MMC unlocks unprecedented machinery efficiencies and insights
13:57 Technical fleet of Moscow Canal to begin navigation season on April 24
13:33 Construction of Tallink Grupp’s newest eco-friendly LNG-powered shuttle ferry to begin at RMC shipyard in Rauma
12:46 World Ports Covid19 Information Portal established
12:22 IMO issues guidance for delays in newbuild vessel deliveries due to COVID-19
12:00 Nanjing Jinling Shipyard launches the second of G5GG ro-ro vessels for Grimaldi Group
11:18 Average wholesale prices for М-100 HFO fell to RUB 6,299 in RF spot market
11:00 Port of Singapore remains open amidst additional precautionary measures
10:21 Brent Crude futures price is down 1.61% to $33.56, Light Sweet Crude – down 3.18% to $27.43
10:09 NovaAlgoma Short Sea Carriers takes delivery of new mini-bulker
09:50 CIMC Raffles cuts first steel for largest Ice Class ro-ro
09:34 MABUX: Bunker market this morning, Apr 06
09:32 RF Government approves draft Energy Strategy until 2035
09:15 Baltic Dry Index is down to 616 points

2020 April 5

17:08 USCG oversees disembarkation of 250,000 from cruise ships
16:23 PGS announces capacity adjustments, to lay-up its 3D vessels as a response measure to COVID-19
15:14 Coast Guard Cutter Hamilton offloads more than 20,000 pounds of illegal drugs
14:33 Huntington Ingalls Industries awarded $1.50 billion contract for the construction of LPD 31
13:27 PGS completes acquisition on Kwanza Shelf and releases fast-track data
12:13 Viking launches new channel VIKING TV with daily cultural content
11:29 Crowley tugs work together to load LP Odyssey launch platform for offshore ship transfer
11:06 APL announces arrangement for cargo bound for Chittagong
10:14 U.S. Navy selects HII to provide logistics support for surface ships and submarines

2020 April 4

16:41 Bollinger delivers the 38th FRC Harold Miller to the USCG
15:21 APL announces new LSS as from May for Trans-Pacific eastbound market
14:47 Viking announces Mississippi River cruises
13:34 Iridium partner Globalsat equips Argentine Navy’s Fortuna III yacht with Iridium Certus® Service
12:23 BlueWater Reporting posts report on COVID-19’s impact on China’s box volumes, economy
11:08 Torqeedo's milestone 100,000th electric drive goes to Spirit Yachts

2020 April 3

18:42 Concordia Damen nominated to build new, sustainable training vessel for STC Group
18:27 Diana Shipping announces time charter contract for m/v Alcmene with Cargill
18:07 Breakbulk Europe to take place from 29 September to 1 October 2020
17:51 Northern Sea Route cargo traffic in 3M’2020 totaled 7.83 million tonnes, up 7.7% YoY
17:28 ECSA Board: Shipping industry keeps Europe running but will need more EU support to recover
17:14 Tallink continues transporting passengers on Tallinn-Helsinki route
16:50 GT Morstoy completed slope protection under LUGAPORT project
16:25 World Maritime University stays connected in uncertain times
15:46 FESCO provided agent services for vessel delivering platform of Sea Launch spaceport to Primorye Territory
15:22 Rosmorport's Azov Basin Branch carries out measures to prevent COVID-19 spread
14:57 New bunker alert service available for BIMCO members
14:33 NUTEP recognized as best in Basic business activities nomination of Best Stevedore contest
13:49 DeloPorts continues to operate despite quarantine and days off in Russia
13:24 AS Tallink Grupp published its statistics for March and first quarter of 2020
13:01 Zeebrugge Port Authority facilitates extra ground for port users in need due to corona crisis
12:40 Crisis caused by Covid-19 brought changes and highlighted new opportunities for port of Riga
12:18 Sea Port of Saint-Petersburg JSC arranged testing of its employees to detect coronavirus
12:15 Ocean Yield ASA announces delivery of modern dry bulk vessel with long-term charter
11:52 Vladimir Solodov appointed as Acting Governor of the Kamchatka Territory
11:00 Samherji Holding granted an exemption from mandatory bid obligation in Eimskip
10:49 Сorvettes of RF Navy's Baltic Fleet completed training anti-submarine missions at sea