Insight – Page 17
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NewsNavigating Sulphur 2020
The International Maritime Organization (IMO) has praised the implementation of the 0.5 percent sulphur cap on marine fuel, claiming that, so far, the transition has been “relatively smooth”, although charter party disputes are expected to emerge soon.
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NewsDecarbonising shipping comes at a USD1 tn cost
At least USD1 trillion of capital investment in land-based and ship-related infrastructure is required to reach the 2050 goal of reducing shipping’s greenhouse gas emissions by 50 percent of 2008 levels.
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NewsTT Club represented in Qingdao
TT Club has appointed a network partner in Qingdao, China – Ever Faith Marine Service.
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NewsCharter rates fall in January
Time charter rates in the multipurpose shipping sector have dropped over the last month, according to shipbroker Toepfer Transport.
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NewsFrench offshore contractors appointed
EDF Renewables selected a consortium of Atlantique Offshore Energy, GE Grid Solutions and DEME Offshore to deliver offshore substations for French offshore projects.
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NewsBrighter signs for multipurpose shipping
The outlook for multipurpose shipping, comprising both breakbulk and heavy lift vessels, is brightening despite rising geopolitical risks and economic uncertainty, according to maritime consultancy Drewry.
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NewsProject cargo corridors simplify permit procedure in British Columbia
The Ministry of Transportation and Infrastructure in British Columbia and lower mainland ports in the Canadian province have worked together to create project cargo corridors that will simplify the permit approval process for non-divisible loads.
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NewsGSF calls for scrutiny of sulphur surcharges
The Global Shippers Forum (GSF) is encouraging ocean freight customers to scrutinise surcharges from shipping lines designed to cover the cost of compliance with the IMO’s sulphur emissions regulations.
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NewsUSMCA moves forward
On December 10, 2019, the USA, Canada and Mexico moved forward with the trilateral trade deal that is set to replace NAFTA, with the accord now in the hands of the US and Canadian legislatures for final approval.
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NewsLow-sulphur fuel prices rise
Very-low sulphur fuel oil (VLSFO) prices had risen to USD710 per metric tonne in Singapore on January 2, 2020, a price increase of 30 percent when compared to December 2, 2019.
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NewsLooking back on 2019
Reporting on the heavy lift and project forwarding sector over the course of 2019 has been a pleasure. Everyone at HLPFI would like to extend their gratitude to those that have continued to support this title in what has proven to be a tumultuous year.
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NewsBIMCO restructures committees
BIMCO has divided its Marine Committee in two, to “facilitate a better handling of the many important topics on the environment, safety and security agendas”, according to Angus Frew, the association’s secretary general and ceo.
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NewsRotterdam tests shore power options
The Municipality of Rotterdam and the Port of Rotterdam Authority have been trialling shore-power systems that aim to reduce air and noise pollution.
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NewsManagerial changes at Thomas Miller
Leo Kirchner will assume the role of president and ceo at Thomas Miller Americas when Mike Jarrett retires at the end of February 2020.
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NewsAntwerp moves ahead on carbon capture
A consortium at the port of Antwerp is to carry out a feasibility study into the development of carbon capture, utilisation and storage (CCUS) infrastructure as the port works toward reducing its environmental footprint.
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NewsFred. Olsen opens in Taipei
Fred. Olsen Ocean has opened a branch office in Taipei, Taiwan to support the growing offshore wind business in the Asia Pacific region.
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NewsSteve Drugan: an award-winning career on the heavy lift front line
Lifetime Achievement Award winner at the Heavy Lift Awards 2019, Steve Drugan, senior vice president at deugro (USA), discusses his distinguished career with David Kershaw.
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NewsSAL introduces FS MARINE+ emission reduction system
SAL Heavy Lift said that it has become the first shipping company in the world to introduce hydrogen/methanol emission reduction technology to its fleet.
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NewsBIMCO revising Dispute Resolution Clause
BIMCO’s Documentary Committee has agreed to revise and simplify its Dispute Resolution Clause.
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NewsICS launches ISM guidelines
The International Chamber of Shipping (ICS) has launched a completely new edition of its Guidelines on the Application of the IMO International Safety Management (ISM) Code.