The International Chamber of Shipping (ICS) has launched a new publication to endorse the recent adoption by the UN International Maritime Organization (IMO) of its ambitious strategy for phasing-out CO2 emissions from the international shipping sector.
Reducing CO2 Emissions to Zero explains what the high levels of ambition agreed by IMO Member States could mean for international shipping. These targets include an efficiency improvement of least 40% – as an average across – the fleet compared to 2008, and a 50% cut of the sector’s total greenhouse emissions by 2050, regardless of future trade growth.
The publication also explores possibilities for the development of zero CO2 fuels that will almost certainly be required if a 50% total cut in GHG emissions is going to be delivered before 2050, as well as investigating policy options for short and medium term regulatory measures.
Reducing CO2 Emissions to Zero sets out ICS’s firm opposition to the concept of mandatory operational efficiency indexing of individual ships as a possible candidate measure for CO2 reduction, which ICS argues would lead to serious market distortion.
ICS also explains why the European Union needs to align its regional system for collecting CO2 data from ships with the global system that has been established by IMO.
In the introduction, ICS Chairman Esben Poulsson explains: “We now expect discussions at IMO to begin in earnest on the development of additional CO2 reduction measures, including those to be implemented before 2023. ICS will continue to participate constructively.”
Reducing CO2 Emissions to Zero can be downloaded free of charge from the ICS website.
Published: 3 July, 2018
Not known exactly how many vessels affected, but the number is estimated to be in the hundreds.
A series of off-spec issues regarding cat fines and low flash point hit the republic in April.
Fuels with high sediments can result in excessive sludge deposition in tanks and fuel systems.
The next two ports with the most bunker off-spec cases were Singapore and Zhuhai, according to Lloyd’s Register FOBAS.
Consumers will move out of high sulphur fuel oil demand and into marine gasoil or a new very low sulphur fuel oil, says forecast.
Average sulphur content of residual fuel oils increased from 2.58% in 2016 to 2.60% in 2017.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
