Erik Hoffmann global energy and commodity price reporting agency Argus Media on Friday (3 April) published an article on ECSA’s plea for the European Commission to prioritise the restoration of the shipping industry before delving into the European Green Deal:
The European Community Shipowners’ Associations (ECSA) said the shipping industry has to recover from the impact of the coronavirus pandemic before it can commit to a green deal.
ECSA secretary general Martin Dorsman urged the European Commission to assess the impact of the pandemic on the shipping industry and “work on a recovery plan, before stating that the European green deal is keeping to its deadline no matter what”.
The green deal is a plan to decarbonise the EU economy by 2050 through a raft of measures, including carbon market reforms, changes to energy taxation and carbon pricing measures at the EU border. The commission is considering widening the European carbon trading market to cover shipping and road transport.
The EU published a climate law proposal on 4 March as a step towards making the EU’s target of zero greenhouse gas (GHG) emissions by 2050 legally binding.
Shipping can be decarbonised by developing more fuel-efficient engines and vessels, and using low-carbon marine fuels such as hydrogen fuel cells, methanol, batteries and ammonia.
Dorsman said it is “impossible for the industry to continue the process of greening the fleet, which was picking up speed before the [coronavirus] pandemic set in, should this continue”.
ECSA welcomed the European Green Deal when it was unveiled by the commission in December.
“Through innovation and deployment, we show the rest of the world shipping can be highly competitive while moving towards zero emissions,” Dorsman said then.
But as the coronavirus pandemic has curbed shipping demand and particularly passenger ship operations in recent weeks, ECSA said it is unrealistic that the shipping industry will play a part in the move towards a green deal before they have recovered “to sustainable levels of activity”.
Many shipping companies “are facing liquidity issues and a sharp decrease in financing options, and a drop in cargo volumes is most likely to happen in the coming months”, Dorsman said.
Passenger shipping was hit by the travel bans immediately, but demand for container and bulk shipping has also been severely reduced.
European shipowners own 40% of the global fleet, and shipping makes up 76% of the EU’s external trade and 32% of its internal trade, according to ECSA.
Source: Argus Media
Published: 8 April, 2020
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.