Latest news from Heavy Lift & Project Forwarding International Magazine

Insight News from November 2018

New sulphur regulations for Hong Kong and Taiwan thumbnail image

New sulphur regulations for Hong Kong and Taiwan

November 23 - Hong Kong and Taiwan will implement a local 0.5 percent sulphur cap from January 1, 2019, one year ahead of the International Maritime Organization’s (IMO) sulphur 2020 regulations, according to insurance provider Gard.
Views: 2907
Long-term growth of renewable energy requires structural change thumbnail image

Long-term growth of renewable energy requires structural change

November 23 - EY’s latest renewable energy attractiveness index (RECAI) reported little movement among the top ten markets for renewable energy installations, as governments and industry players continue to bide their time amid ongoing instability. 
Views: 2463
Crawler crane market set for growth thumbnail image

Crawler crane market set for growth

November 23 - Shipments of crawler cranes are expected to grow at a compound annual growth rate of over 4 percent according to a new research report by Global Market Insights (GMI).
Views: 2671
Heavy-duty transport emissions set to decline thumbnail image

Heavy-duty transport emissions set to decline

November 21 - Reaching net-zero carbon emissions for heavy industry and heavy-duty transport sectors is technically and financially possible by mid-century – 2050 in developed countries and 2060 in developing countries - according to the Energy Transitions Commission.
Views: 2954
Companies prepare for Brexit thumbnail image

Companies prepare for Brexit

November 20 - While Germany's Cuxhaven Port Association plans to intensify its preparations for the UK's exit from the European Union (EU) next year, industrial relocation logistics company Modpack Group is optimistic about the opportunities Brexit will bring.
Views: 3194
Can the market sustain USD100 oil? thumbnail image

Can the market sustain USD100 oil?

November 15 - With oil prices hovering around USD80 per barrel, industry analyst McKinsey suggests that a combination of factors could tighten oil markets further and propel the commodity past USD100.
Views: 2651
BIMCO develops bunker clauses ahead of Sulphur 2020 thumbnail image

BIMCO develops bunker clauses ahead of Sulphur 2020

November 13 - The Baltic and International Maritime Council (BIMCO) has developed two bunker clauses to support the implementation of International Maritime Organization’s (IMO) sulphur 2020 regulations, which come into force on January 1, 2020. 
Views: 3122
Banks reduce shipping exposure thumbnail image

Banks reduce shipping exposure

November 9 - As banks continue to distance themselves from the shipping sector, two of Germany’s prominent lenders - Commerzbank and Nord/LB - have announced further reductions in their shipping portfolios.
Views: 3138
Scrubbers come under fire thumbnail image

Scrubbers come under fire

November 2 - As shipowners decide on how to comply with Sulphur 2020 regulations, Euronav ceo, Paddy Rodgers, has spoken out against the use of exhaust gas cleaning systems or “scrubbers”.
Views: 2876

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