ShareAction launched a report called ‘Changing Course: Banking Financing of the Shipping Industry’, arguing that institutional investors should widen the scope of their engagement with banks to beyond the fossil fuels sector. As the low-carbon transition will change the industry, financial intermediaries, banks are in a good place to facilitate this transition.
A pharmaceutical company is firstly responsible for the research, development and production of a drug. Yet, this changes the minute the product departs the manufacturer’s facilities, as now responsible is the logistics service providers for its shipment.
Aditi Rasquinha, Director Seafreight at Kuehne & Nagel, discusses the future of shipping, from talks around IMO’s 2020 sulphur cap, to digitalization and automation. In the meantime, port of Rotterdam published a white paper focusing of the benefits of digitalization to the supply chain.
Working onboard a ship is a routine; Seafarers – regardless their ranking – live, interact and sometimes perform functions in the same place. Fatigue can trigger sadness and vice versa while active engagement in social life onboard has a real and positive impact on seafarer’s welfare.
According to the ISPS Code, it is a requirement for all vessels to have a Ship Security Plan (SSP) on board including all protective measures that the crew should apply at each security level. Also, SSP should demonstrate the restricted areas and provide guidelines for an effective implementation of the Code, with Risk Assessment forms and checklists to be used by key personnel during several activities on board.
According to Gasnor, part of Royal Dutch Shell, Hurtigruten agreed on a long-term supply-deal for its ships. Therefore, Gasnor is to supply the company’s vessels along the Norwegian coast with LNG until 2030. Hurtigruten is planned to begin upgrading six of its vessels from this winter to run on a combination of LNG, battery packs and liquid biogas, replacing the older engines which run on marine gas oil.
The Project Manager at Dive Bahrain, Hamad Al Mahmeed, announced their preparations on sinking a 70-metre Boeing 747 as part of an underwater theme park. The Boeing 747 is the largest aircraft ever to be submerged.
Wall Street Journal reported that Hapag-Lloyd and Taiwanese carrier Evergreen Marine Corp have separately placed orders to Asian yards for the construction of more than a dozen mega-container ships that would have a combined value of about $2.2 billion.
The Ministry of Transport and Communications of Finland published its new, updated Water Traffic Act, which will unite the traffic rules and signs used in water transport. The aim is to enhance the maritime safety, boost responsible boating and also provide a favourable environment for water transport automation.
A new carbon neutral product, the first of its kind in the industry, is to be used by selected Maersk customers for their supply chain. The pilot project has been successfully tested in a trial, under the collaboration of the Dutch Sustainability Growth Coalition (DSGC), and Shell this year.
