An estimated total of 505 companies have set their Science Based Targets, under the global ‘Science Based Targets initiative’, launched in 2017 by the United Nations Global Compact, CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and one of the We Mean Business Coalition commitments.
While talking at the first SAFETY4SEA Conference in Hamburg, Mr. Alvin Forster, Deputy Director (Loss Prevention) at North P&I Club, analyzed implications of 2020 sulphur cap regulation from the marine insurance perspective, sharing feedback from specific cases on the challenges being faced through certain compliance methods.
Ahead of the 2020 sulphur cap, CMA CGM announced the measures it will take in order to comply. Namely, the company will use both LNG and scrubbers as ways of compliance. This would be a significant additional cost, which will be taken into account through adjustment of fuel surcharges on a trade-by-trade basis.
American energy major ExxonMobil announced greenhouse gas reduction measures, including a 15% decrease in methane emissions and a 25% reduction in flaring. The company also revealed its intention to improve energy efficiency in refining and chemical manufacturing facilities.
Mr. Kyriacos Gregoriou, Marine Surveyor, DMS Cyprus, highlighted hot debated issues concerning the 2020 Global 0.5% sulphur cap challenge. He began his presentation with an overview of the SOx regulations examining later what the global limit actually means for ships and how these can meet low Sulphur emissions standards.
NABU and Ecologistas en Acción found levels of contamination up to 70 times greater in the the Strait of Gibraltar and Barcelona, than the pollution on cities. Under this light, Ecologistas en Acción called the Spanish government to join France in the creation of Sulfur Emission Control Areas that limits the entry of highly polluting vessels in the Mediterranean.
BP published a new report, called “Advancing the Energy Transition”. The report describes BP’s commitment to a low carbon future and the actions that it will take to keep up with increasing energy demand, while at the same time working to reduce greenhouse gas emissions. The report sets out targets for reducing GHG emissions from BP’s operations.
A new study assessed public health and climate impacts of low-sulphur fuels in global shipping, revealing that clean fuels will significantly reduce ship-related premature mortality and morbidity, but they will still account for 250k deaths annually. Additional stringent regulations beyond 2020 standards may prove beneficial.
IEA released its World Energy Outlook 2017, on 14 November, which includes a detailed focus on natural gas. It also addresses matters regarding the environmental case for gas and the issue of methane emissions from oil and gas operations.
An international shipping industry group gathered in Bonn to create a draft Action Plan that maps out how shipping can contribute to GHG reductions and decarbonization in order to comply with the high ambition climate change target of limiting global temperatures to 1.5oC.
EDF, UMAS: IMO should set right rules for alternative fuels to achieve decarbonisation07/07/2020
Port of Gothenburg's new terminal to be operational soon07/07/2020
- Cyber Security
ClassNK joins MTS-ISAC to boost its cyber risk management07/07/2020
Tianjin Port, Huawei to develop green and smart port07/07/2020
Shell's report reveals decarbonization at top three priorities in shipping07/07/2020
Nautical Institute President focuses on diversity, branch engagement and technology07/07/2020
Denmark's Energy Agency green-lights Nord Stream 2 gas pipeline request07/07/2020
PCG files criminal charges against bulk carrier, after collision07/07/2020
- Maritime Health
Cruise Lines establish expert panels to resume cruising07/07/2020
New white paper calls for a holistic approach to address increasing container fires07/07/2020