The European Community Shipowners’ Associations (ECSA) says it is “positive” towards the proposal for the EU budget 2021 – 2027.
Specifically, it believes the large increase of the EU budget for Research, Innovation and Digital and for Climate and Environment could provide resources to support the European shipping industry in its transition to decarbonisation.
“The very ambitious reduction goal, on the pathway to full decarbonisation, will require breakthrough R&D for technologies, equipment and fuels not yet existing,” said ECSA Secretary General Martin Dorsman.
“Funding by international institutions such as the EU will be necessary and creates growth and jobs in Europe.
“It will safeguard the leading position the European maritime cluster now has in developing and producing high tech vessels and equipment for the European and international shipping industry.”
The International Maritime Organization (IMO) adopted in mid-April an initial strategy to reduce the total annual greenhouse gas (GHG) emissions from ships by at least 50% by 2050 compared to 2008 levels.
Photo credit: European Parliament
Published: 7 May, 2018
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.