Resolution MEPC.315(74): Amendments to MARPOL Annex II
A new term ‘persistent floater’ has been added to the definitions under cargo residues and tank washings. Also, the discharge requirements for cargo residues and tank washings containing persistent floating products with a high viscosity and/or a high melting point that can solidify under certain conditions have been strengthened in some sea areas. Vessels must pre-wash and discharge residue generated during prewash to a shore reception facility at the discharge port. The relevant sea areas are North West European Waters, Baltic Sea, Western European Waters and Norwegian Sea. Owners and managers will need to revise their Procedures and Arrangements manual to incorporate the changes.
Study shows LNG-powered vessels save on interest rates
LNG-powered vessels are likely to find favorable treatment from lenders under the Poseidon Principles, according to a new study by Sea-LNG. Sea-LNG is a multi-sector industry coalition that was founded in 2016 to advocate for the use of LNG over conventional marine fuels. Its members include a diverse assembly, including owners, charterers, brokers, banks, and classification societies, as well as ports, upstream suppliers, infrastructure providers, and original equipment manufacturers (OEM).
The Poseidon Principles represent a commitment by leading financiers in the shipping industry to improve the emissions profile of their portfolios. Its signatories include 18 major banks representing $150 billion in shipping finance. Membership is open to lenders, lessors and export credit agencies. Signatories commit to assessing the alignment of their shipping portfolios with the IMO’s emissions targets using a metric called Average Emi
A Sulphur Cap on Marine Fuel, a Row Over Oil Production, Fluctuating Demand and a Global Pandemic
So What Did 2020 Mean for Shipping and the Tanker Markets?
WORLDWIDE – It would appear that, having been blamed for the original outbreak of Covid-19, China is now widely considered as responsible for at least moderating the detrimental effects of the pandemic on the tanker shipping sector.
2020 has been of course a disaster for many in the logistics sector and beyond, however the latest study by industry analysts such as OilX show the import of crude oil and the like actually rose by 8.5% during the year, the only country to have seen an increased demand. This support for the industry helped mitigate the damage caused to producers and carriers alike.
NGT News
The Linde Group says it is establishing a joint venture company in cooperation with Bomin, a subsidiary of Marquard & Bahls, that will focus on developing liquefied natural gas (LNG) fueling infrastructure for the marine market.
The new entity, which will be a 50/50 partnership based in Hamburg, will initially target the European maritime sector. To build the LNG network, Linde will contribute its experience in cryogenics and engineering, and Bomin will support the joint venture with its background in maritime fuel trading and operations. More stringent emissions regulations for vessels are on tap in the Emission Control Areas in much of Europe.
European Commission sees maritime, aviation sector hardest to decarbonize amid fresh targets
The European Commission has set out new targets for decarbonizing transport, highlighting that aviation and waterborne transportation face greater decarbonization challenges because of a lack of market-ready zero-emission technologies. It comes amid industry concerns about regional climate regulations.
Maritime transportation and aviation face similar challenges of long development and life cycle of vessels, large investments in refueling equipment and infrastructure and international competition, the EC said in supplementary material to its Sustainable and Smart Mobility Strategy Dec. 9.
In order to improve the energy efficiency and reduce emissions of aircraft and vessels, ambitious standards for their design and operation must be promoted, the main strategy document said, also published Dec. 9.