green practices

Do you know why FONAR is needed from 2020 and onwards?

With IMO 2020 just around the corner, the shipping industry must already have a plan to comply. However, despite the fact that we are just two months away from this groundbreaking regulation for maritime, there is increased uncertainty regarding compliant fuel oil availability worldwide. In such case, companies should have a plan to deal with such unavailability, with the answer might lying in the Fuel Oil Non-Availability Report (FONAR).

Clean oceans initiative makes remarkable progress in its first year

The Agence Française de Développement (AFD), the European Investment Bank (EIB) and the KfW Group on behalf of the German Federal Government highlighted the development achieved concerning the Clean Oceans Initiative during the IMF/World Bank Group meetings. The partners also welcomed the Spanish Promotional Bank ICO and its commitment to join the initiative.

Poland’s offshore wind sector to grow

According to speakers at the Maritime Economy Forum Gdynia held earlier this month, Poland’s is about to become one of the biggest centers in Europe for offshore wind, as it predicted that by 2030 the sector will generate an estimated 77,000 jobs and 14.1 billion Euros ($15.7 billion) for the economy. 

IMO 2020 to significantly affect tramp sector

Shipping companies that operate itinerant merchant vessels, known as tramps, are worried about finding fuel to comply with the upcoming 2020 sulphur cap, Guy Platten, secretary general of the ICS, told Reuters. The tramp sector, it will account for around 40% of global demand for compliant low sulphur fuels, the ICS says.

Asia set to lead the wind energy market

A newly-launched report states that Asia has the potential to become a global leader in wind, holding more than 50% of all onshore and over 60% of all offshore wind capacity, as it could increase its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050.

Hudson supports anti-scrubber group

The US-based supply chain management company Hudson Shipping Lines has stated its opposition to using scrubber systems in order to further comply with the IMO 2020 sulphur cap, and agreed to provide support to the Environmental Protection Alliance (EPA) and its campaign to ban the use of scrubber systems in the shipping industry.

UK leads the 30by30 initiative in protection of the ocean

The UK announced in late September a new global alliance, 30by30 initiative, which aims to alert on ocean’s safety and protection of its wildlife, while pushing for at least a 30% of the global ocean to be protected in Marine Protected Areas by 2030.

Norway acquires tech-centre to focus on ocean protection

The World Economic Forum collaborates with Aker group, presenting the Centre for the Fourth Industrial Revolution Norway (C4IR Norway) aiming to harness advances in technology in protection of the oceans and improve shipping’s environmental footprint. 

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