The African Development Bank Group informed it approved a long-term Senior Loan of $400 million to support the building of an integrated LNG plant, including a liquefaction facility in Mozambique.
Gasum conducted its first ship-to-ship bunkering involving a cruise ship, at the Meyer Turku shipyard during November, 2019. Namely, Gasum’s LNG bunker vessel Coralius carried out the ship-to-ship bunkering to Carnival Corporation’s cruise ship Costa Smeralda.
Speaking during the 31st IMO Assembly Opening Session, the Greek minister of maritime affairs and insular policy Ioannis Plakiotakis, expressed his worries about the imminent implementation of the 2020 sulphur cap, calling for a postponement.
IKEA Transport & Logistics Services, CMA CGM, and the GoodShipping Program announced the successful completion of their 2019 biofuel test programme on CMA CGM vessels, following the positive trials of HFO-equivalent Bio-Fuel Oil during CMA CGM Alexander Vob Humboldt’s North Europe-Asia trip, which took place in September and October 2019.
In the wake of the fast approaching implementation of the 2020 sulphur cap, the production method of the compliant fuel oils is expected to become more diverse than at present. As such, the Japan P&I Club noted five properties of residual fuel oils that should be further paid attention when using compliant fuel oils.
In his keynote address at the 2019 HANSA Forum in Hamburg, on Thursday, November 21, Bud Darr, MSC Group’s Executive Vice President, Maritime Policy & Government Affairs, highlighted the challenges shipowners face in meeting the goals and regulations in light of the ambitious goal set by the IMO to half sulfur emissions by 2050.
Finnish research firm VTT announced it developed a technology that solves challenges of emission-free hydrogen technology, combining devices that produce hydrogen from water and electricity from hydrogen into a single movable system that produces hydrogen with an efficiency as high as 80–90%.
The federal Energy Regulatory Commission (FERC) greenlighted four liquefied natural gas projects and related facilities that export natural gas, with all four projects adding combined liquefaction capacity of 46.5m tonnes per annum.
KPI Bridge Oil, global market trader, announced that its sales of 2020-compliant fuels exceeded the sale of high sulphur fuel oils for the first time, an achievement made close to the upcoming 2020 sulphur cap.
The LNG carrier rates are presenting a rapid increase lately due to the northern hemisphere winter that is approaching, with the rise being supported as much as by technical factors as fundamentals. MSI supports that the sector now is between a decision-making state, which will in the future dictate the trajectory of LNG shipping for the first half of the next decade and beyond.
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- Green Shipping
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- Women in shipping
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- Short Sea
Asian Development Bank prepares plan to boost India's coastal shipping06/12/2019