A.P. Moller-Maersk CEO, Søren Skou, on Saturday (11 September) posted a social media statement regarding the European Commission’s proposal to end the production of combustion engine cars in 2035; and for the International Maritime Organization to do the same for fossil fuelled ships.
“Combined, a global carbon tax and an end date for fossil fuelled ships would be a strong signal to the shipping ecosystem – including yards and fuel producers – about which way the wind is blowing. We need to accelerate efforts to meet emission reduction targets,” he stated.
He added that a global “drop dead date” would address future newbuild vessels, complementing the impact existing ships from the carbon tax.
With a phase-in ending at 450 USD/t fuel, this tax would address the price gap between the fossil fuels of today and the carbon neutral fuels of tomorrow.
“As the price gap narrows, the IMO’s Energy Efficiency Design Index in its coming phases could be the instrument to make the end date for fossil fuelled ships a global reality,” he ends.
Photo credit: A.P. Moller-Maersk
Published: 13 September, 2021
Creditors will need to produce proofs of debt to liquidator of Southernpec (Singapore) Shipping by 7 October, according to Government Gazette notice.
The report also sets the scene for governments to back an industry proposal to form a global $5billion R&D fund to de-risk future investment, said ICS.
Winding Up Order was approved on 2 March and creditors should file proofs of debt to BDO Advisory Pte Ltd who are appointed as liquidators for the process.
The Universal Terminal is located in Jurong Island and has a supertanker jetty and exclusive access to an underground oil storage facility.
‘The world in 2020 looks different, and it was the right time to give Amoil a new look for this new world,’ said Alexandros Margaritis, Managing Director.
Successfully completes gas-up and cool down operation for Pacific Emerald; including the transfer of 3,000m3 of LNG bunker fuel from FueLNG Bellina.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
