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
With COVID-19 infections escalating, stringent measures have been put in place; short-term visitors from affected areas not allowed to enter or transit through Singapore.
‘The primary reason for this is simply an oversupply of the product, especially in Asia, which is the largest exporter in the world, as a region; and insufficient demand to soak up the supplies,’ says Yaw Yan Chong.
The data collected will help inform MEPC when it comes to adopting a revised strategy in 2023.
In an ESCA survey, 44% of respondents said investing in technologies that would cut carbon emissions will no longer be possible after Covid-19.
MSA no longer publishes recommended SPRO Agreement wording and parties are now free to negotiate all terms, updates No
More than 50 port authorities from Asia, Oceania, Middle East, Africa, Europe and Americas ensured merchant vessels can continue calling at their ports.
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
