Tag: reports

ICS launched a new report setting out its firm opposition to the concept of mandatory operational efficiency indexing of individual ships as a possible candidate measure for CO2 reduction, because of 'the potential inaccuracies of such a metric and the significant danger of market distortion'.

The UK Department for Business, Energy and Industrial Strategy issued its 'Energy Trends' report for the first quarter of 2018, revealing that the country's total energy production was 1.0% lower than in the first quarter of 2017, despite increased oil output and record high output from wind, solar and hydro. 

In its 'Energy Trends' report for Q1 2018, the UK Department for Business, Energy and Industrial Strategy said the country has made 15% progress in the target set under the 2009 EU Renewable Directive. Provisional calculations show that 10.2% of final energy consumption in 2017 came from renewable sources; up from 9.2% in 2016.

In its latest annual report, UK MAIB includes an overview of accidents reported, a summary of investigations started, details of investigation reports published and marine accident statistics. Regarding fishing vessels, UK MAIB reported that the loss rate of fishing vessels is the lowest ever recorded, at 0.11% of the fleet.

According to Moore Stephens' latest Confidence Survey, shipping confidence held steady from March until the end of May 2018. The average confidence level remained the same, at the four-year high of 6.4 out of 10.0 recorded in February 2018. Owners' confidence also remained high at 6.6, while managers’ confidence increased from 6.4 to 6.7.

At World Gas Conference in Washington, Snam, IGU and The Boston Consulting Group launched the 2018 edition of the Global Gas Report, assessing the role of natural gas in the global energy mix. The majority of forecasters expect gas to grow from the current 22% to over 24% of the global energy mix by 2035. 

The International Gas Union released its 2018 World LNG Report examining the current state of the Global LNG Industry. The report shows 2017 as another record-breaking year for LNG trade and reinforces the global LNG industry's role in expanding access to natural gas.

In June 2018, the 5th edition of the piracy-specific Best Management Practice (BMP5) was published compiling a useful and comprehensive guidance which introduces effective measures for the protection of crew, vessels and cargo while transiting  the Red Sea, the Gulf of Aden, the Indian Ocean and the Arabian Sea. The new edition supersedes BMP4.

IMO already has the legal authority to implement and enforce policies to achieve its new climate target by simply amending its existing regulations, according to new analysis published by Environmental Defense Fund and Columbia Law School’s Sabin Center for Climate Change Law.

According to the IEA’s latest market forecast, strong demand growth from China, greater industrial demand, and rising supplies from the US, will transform global natural gas markets over the next five years. Namely, global gas demand will increase at an average rate of 1.6% a year, reaching over 4,100 billion cubic meters in 2023.