Following the UK Prime Minister’s statement confirming that the Parliamentary vote on the Withdrawal Agreement has been delayed, the BPA’s Chief Executive noted that many of the UK’s ports with EU trade and the wider logistics industry is becoming anxious.
Rohit Agarwal, Partner at GSR Sentinels LLP, provides his opinion on EU’s regulation for ship recycling (EU SRR). Mr. Agarwal believes that there will be no European VLCCs or large ocean going ship that will be scrapped in Europe in 2019. This will come despite EU efforts to make European shipowners recycle their vessels in the continent.
The European Commission published its 4th version of European List of ship recycling facilities, including six new yards. In these we find the first yards outside the EU which were approved. Namely, 2 are in Turkey and 1 is in the US. ECSA welcomed the decision, but said that more work is on the table.
A no-deal Brexit could lead to up to six months of disruption at certain ports, according to a British minister, who promised to focus on pharmaceuticals as the UK creates contingency plans as the date of Brexit is approaching.
Major industry lobby groups have pressured the European Commission to leave plans for longer-lasting products despite increasing public support. But EU governments can still rescue the proposals during votes in December and January. The main categories of products concerned are lighting, displays, washing machines, dishwashers and fridges.
FEPORT called for consistency and coordination between different EU policies affecting the private cargo handling industry. Namely, FEPORT members discussed their expectations for the future and commented upon the recent ITF Report on the impact of alliances in container shipping.
Ahead of the EU Fisheries Council Meeting which will take place on 17-18 December in Brussels, NGOs have written to EU Fisheries Ministers, providing recommendations for total allowable catches. These regard selected Northeast Atlantic and North Sea stocks in 2019.
The EU and South Korea discussed the South Korean shipping and shipbuilding state subsidies measures in the context of the EU – South Korea Free Trade Agreement implementation. SEA Europe and ECSA expressed their satisfaction of these discussions, as European shipbuilding and maritime equipment industry need to benefit from fair trade as well as open markets.
The European Commission has accepted Tunisia’s request to become part of the EU LRIT Cooperative Data Centre. The application was made in September 2017, and EU decided that it meets the criteria needed. EU LRIT CDC identifies and tracks EU flagged vessels globally and integrates them into the wider international Long LRIT system.
The demand for Europe small-scale LNG market is projected to grow from 1,902.60 million Euros in 2020 to 5,818.75 million Euros by 2030, while actuating at an estimated CAGR of 11.8% from 2020 to 2030, according to Energias Market Research.
