• 2012 February 16 15:28

    Tougher ship-fuel sulfur limits endorsed by EU Parliament Panel

    A European Parliament panel approved tougher restrictions on sulfur in ship fuel as part of a maritime clean-air package that may cost the industry as much as 11 billion euros ($14 billion) a year, Bloomberg reports. The Parliament’s environment committee voted to set a 0.1 percent sulfur limit for fuel used by passenger ships operating between European Union ports beginning in 2020. The current EU limit is 1.5 percent.

    The committee also decided to reduce sulfur in fuel used by all ships in EU waters other than the Baltic Sea, North Sea and English Channel to 0.5 percent in 2015 and 0.1 percent in 2020 from 3.5 percent at present. In addition, the panel voted to incorporate into EU law an International Maritime Organization accord that will lower sulfur in fuel used by all ships in the Baltic Sea, North Sea and English Channel to 0.1 percent in 2015 from as much as 1.5 percent currently.

    “By switching to more stringent sulfur limits, it would be possible to achieve significant health and environmental benefits,” Satu Hassi, a Finnish member steering the draft legislation through the 27-nation EU Parliament, said in a report approved by the environment committee today in Strasbourg, France.

    The EU is cracking down on sulfur-dioxide emissions blamed for illnesses including asthma, bronchitis and heart disease and environmental damage such as the disintegration of buildings. Ship emissions of sulfur dioxide in EU areas will surpass European land-based discharges of the pollutant by 2020 without further action, according to the bloc.

    Tougher Standards

    The tougher standards would bring health benefits of between 15 billion euros and 34 billion euros a year, the European Commission, the EU’s regulatory arm, said last July when proposing the new law. The annual costs for the shipping industry would range from 2.6 billion euros to 11 billion euros, according to the commission.

    The Parliament environment committee’s vote on the tougher EU limit for passenger ships and on the IMO standard for all ships in the Baltic Sea, North Sea and English Channel matches the commission’s proposal.

    The committee’s decision on all ships in EU waters other than the Baltic Sea, North Sea and English Channel goes further than the commission proposal, which was limited to incorporating into European law an IMO agreement that will reduce the sulfur limit to 0.5 percent in 2020.

    The European legislation still needs the support of the full EU Parliament and of the bloc’s national governments. A possible fast-track process could lead to final EU approval in the coming months.

2024 July 16

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16:20 Saltchuk acquires all of the outstanding shares of Overseas Shipholding Group
15:57 EU sets four conditions for the port of Piraeus inverstments
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15:37 EIB lends €90 million for sustainable expansion of the Port of Livorno
15:34 Crew of capsized oil tanker off Oman still missing
15:14 Lomarlabs signs with Cargokite to develop a new ship class of micro ships
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14:08 The Official Journal of the European Union publishes the first-ever EU regulation to reduce methane emissions
13:24 High cat fines found in the Amsterdam-Rotterdam-Antwerp region bunker fuel samples, alerts CTI-Maritec
12:58 Yangzijiang Shipbuilding works to acquire over 866,671 sqm of land for new clean energy ship manufacturing base
12:42 GTT entrusted by Samsung Heavy Industries with the tank design of a new FLNG
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2024 July 15

18:06 European Shipowners and Maritime Transport Unions launch initiative to support shipping and seafarers in the digital transition
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17:05 Seaspan Shipyards welcomes the formation of the “ICE Pact”
16:41 World’s first entirely hydrogen-powered ferry welcomes passengers in San Francisco Bay
16:26 FMC issues request for additional information regarding Gemini Agreement
16:24 Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD
16:12 Pecém Complex selects Stolthaven Terminals and GES Consortium as H2V Hub green ammonia operator
15:43 Singapore's bunker sales rise 8.5% in the first half of 2024
15:27 TORM purchases eight and sells one second-hand MR vessel
14:55 Adani plans to build port in Vietnam
13:35 Regulator gives conditional nod to HD Korea Shipping's purchase of stake in STX Heavy
13:02 HD Korea Shipbuilding wins US$2.67 billion order to build 12 container carriers
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12:24 ABS to сlass two new Seatrium FPSOs for Petrobras
11:42 CSP Abu Dhabi Terminal surpasses throughput of 5 mln TEUs
11:11 Fincantieri launches the seventh PPA “Domenico Millelire” in Riva Trigoso
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10:35 The “Egypt Green Hydrogen” project in SCZONE wins a contract worth € 397 million to export green fuel to Europe

2024 July 14

15:17 FMC issues request for additional information regarding Gemini agreement
13:06 Lummus and MOL Group begin engineering execution on advanced waste plastic recycling plant in Hungary
10:51 Chinese line launches new Arctic container service to Arkhangelsk
09:49 Malta PM tours Abela toured MSC World Europa officially inagurates Valletta shore power

2024 July 13

15:47 €11 million for 1-MW Dynamic Electrolyser Unit
14:11 PSA Group and Singapore mitigate impact of global supply chain disruptions
12:23 NREL: Offshore wind turbines offer path for clean hydrogen production
10:06 MMMCZCS releases a technical, environmental, and techno-economic analysis of the impacts of vessels preparation and conversion

2024 July 12

18:00 Qingdao Port International to buy oil terminal assets for $1.30 billion
17:36 Saipem signs framework agreement with bp for offshore activities in Azerbaijan
17:06 AG&P LNG and BK LNG Solution signs an agreement to bring BKLS's first LNG spot cargo into China
16:31 Allseas removes final Brent platform with historic lift
15:58 ZPMC Qidong Marine Engineering launches the world’s largest FPSO bow section for Petrobras
15:25 MSC acquires Gram Car Carriers
14:58 ABP boosts marine capability through pilot launch upgrades
14:34 Fincantieri receives ISO 31030 attestation from RINA
13:52 Second new dual-fuel fast Ro-Pax ferry to enter service for Balearia after successful sea trials
13:24 ADNOC deploys AIQ’s world-first RoboWell AI solution in offshore operations
12:59 ABS issues AIP for new gangway design from Pengrui and COSCO
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11:15 ZeroNorth to provide its eBDN solution on 12 barges operated by Vitol Bunkers in Singapore
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2024 July 11

18:06 Yanmar and Amogy to explore ammonia-to-hydrogen integration for decarbonized marine power
17:36 COSCO Shipping receives first 7500 CEU LNG dual-fuel PCTC
17:06 Monjasa adds two tankers and targeting West Africa’s offshore industry
16:34 Biden administration announces funding for 15 small shipyards in 12 states
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15:25 HD Hyundai becomes first Korean shipbuilder to sign MSRA with US Navy
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