Ecodelta, a new trailing suction hopper (TSHD), run by LNG, was christened on January 11 in the Dutch port of Rotterdam. The dredging vessel is the key component of the new contract entered into force by Bagger & Aannemingsmaatschappij Van der Kamp and the Port of Rotterdam Authority.
2020 sulphur cap
2019 kicked off with the data collection on fuel oil consumption, alternative mechanisms to comply with the 2020 Sulphur cap, the EU Ship Recycling Regulation, the IMSBC Code 2017 amendment as well as amendments designating North Sea and Baltic Sea as ECAs. With many more regulations and developments still yet to come, nations from all across the globe, ship operators and crew are going through a key period because of ten major issues that will have significant impact over the next ten years in the shipping industry.
Gard Club summarizes the 2019 maritime regulatory landscape. The marine industry experienced many regulations coming into force on 2018, with the same expected to happen in 2019. These regulations regard crew, safety, environment, cargo, and certification.
The Clean Shipping Alliance 2020 announced that it has appointed Ian Adams as its Executive Director. Ian Adams said that there has been a lot of loose speculation about the environmental benefits of scrubbers, something that hides the fact that scrubbers have a very positive net environmental impact on the maritime environment.
The industry’s supply-demand balance will benefit from a reduced demand for Ultra Large Container Vessels among the major carriers, some of which now focus on a bigger prize of becoming global logistics integrators, Simon Heaney, senior manager, container research at Drewry and editor of the Container Forecaster says.
Langh Tech and STX Offshore & Shipbuilding signed a deal regarding scrubber retrofits on seven vessels in the Polaris fleet. The four 180K bulkers and the three 300K VLOCs in the fleet will be equipped with open loop scrubbers. The component deliveries will start in summer 2019 and the installations will follow soon after component delivery.
There have been critical debates on potential solutions for reducing CO2 and greenhouse gas emissions in all sectors. As part of the Paris Agreement, adopted by consensus on 12 December 2015, long-term goals have been set by several countries around the globe to limit the increase in global average temperature in an effort to mitigate the effects of climate change.
Some major names in the shipping and oil industry aspire to raise $1 billion for a vehicle aimed at profiting from a clampdown on highly polluting marine fuels, pitching the investment vehicle as an insurance policy for shipowners or airlines against a spike in fuel costs, according to the Financial Times.
HSFO, high-sulphur fuel oil volumes that were traded in S&P Global Platts’ Singapore price assessment process were almost decreased in half during 2018 in comparison to the previous year. This, according to Reuters, is a sign of the market altering because of the restricted 2020 sulphur cap that’s awaiting.
A report published by the Gas Exporting Countries Forum touches upon the development of the LNG bunker fuel market, its expected growth and assesses the current state of LNG bunkering infrastructure. It also makes suggestions on how to promote LNG bunker fuel.
- Loss Prevention
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