Mediterranean Shipping Company (MSC) on Friday (8 October) said it has signed a Memorandum of Understanding (MOU) with China Waterborne Transport Research Institute, an agency under China’s Ministry of Transport to jointly promote decarbonisation and sustainable development of the shipping industry.
The three-year agreement was signed on 28 September will leverage on the strengths of both parties to explore innovative ways to jointly cooperate on relevant research and activities, and discuss progress to find the range of solutions that will make maritime transportation even more efficient while continuing to serve as the backbone of global trade.
Bud Darr, Executive Vice President Maritime Policy and Government Affairs, MSC Group and Fei Wei Jun, President of China Waterborne Transport Research Institute, signed the agreement in an online ceremony on behalf of both organisations.
“The path to decarbonisation will require strong partnerships with key stakeholders across various business sectors and government. We are very excited to announce our partnership with the China Waterborne Transport Research Institute on this hugely important global priority,” says Darr.
“Sustainability and focus on climate issues have been fast-rising up the agenda in China, and we are looking forward to closely collaborating with the China Waterborne Transport Research Institute to accelerate innovation and R&D we urgently need to reach a net-zero carbon future for shipping.”
Under the MOU framework, both organisations will establish a collaborative process dedicated to R&D, knowledge sharing and business collaboration. A designated chairperson from each organisation will jointly lead the steering committee, with a working committee in charge of implementing the activities. Industrial experts will also be invited to conduct assessments on the results of the research studies.
A number of specific studies and projects are already lined up for the near future, including studies on the technical pathway and relevant policies for low-carbon development of the Chinese shipping industry, strategy and roadmap for the energy structure of shipping.
Decarbonisation is at the top of MSC’s agenda. It is one of the biggest challenges that the world and the shipping industry faces and will remain a key priority for decades to come. MSC is actively working to further improve the efficiency of the container ships in its fleet to help reduce emissions. To complement the company’s massive investment in energy efficiency, it continues to study a range of different future fuel options such as hydrogen, ammonia, methanol and synthetic fuels.
Photo credit: Mediterranean Shipping Company
Published: 11 October, 2021
380 cSt grade sales dip 2.6% from 3.07 million mt in October 2017 to 2.99 million mt in October 2018.
Suggests upcoming IMO Pollution Prevention and Response Sub-Committee to be ‘the most effective forum’ to progress Dr Prior’s debate.
The company’s inline scrubbers come with an optional extended guarantee against corrosion, it notes.
‘A significant proportion of Peninsula’s existing customer base lift bunkers in Skaw […] and look forward to adding genuine value to our clients,’ said Global Head of Sales.
Establishments at Port Klang in Malaysia have started trading and refuelling business since early August 2019.
Shell and Deloitte Netherlands and UK have jointly published a report on industry perspectives of senior shipping executives regarding decarbonisation.
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.
