Washington-based financial institute World Bank Group (WBG) says maritime transport has been ‘largely absent’ from the public debate on transport and climate change.
“Tackling emissions from the shipping industry is just as critical as it is for other modes of transport,” notes Dr Nancy Vandycke, Program Manager, Sustainable Mobility for All (SuM4All), at WBG.
“First, international maritime transport accounts for the lion’s share of global freight transport: ships carry around 80% of the volume of all world trade and 70% of its value.
“In addition, although shipping is considered the most energy-efficient mode of transport, it still uses huge amounts of so-called bunker fuels, a byproduct of crude oil refining that takes a heavy toll on the environment.”
According to Dr Vandycke, shipping emissions will rank as the 6th largest greenhouse gas (GHG) emitter worldwide, between Japan and Germany, if the sector was a country of its own.
The International Maritime Organization (IMO) estimates carbon emissions from shipping could increase by 50% to 250% under a business-as-usual scenario.
“While the sector’s share in global emissions is currently at 2-3%, the demand for maritime transport is soaring – and so are emissions. From 2015 to 2016 alone, the slowest year in more than a decade, the world’s fleet still grew by more than 3.5%,” she says.
The International Civil Aviation Organization (ICAO), meanwhile, has already adopted the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) to address carbon emissions from international flights in 2016.
“If the shipping sector does not follow suit quickly, its carbon emissions are forecasted to make up 10%-17% of global GHG emissions by 2050, posing a significant threat to the Paris Agreement’s goal of keeping global warming well below 2°C,” she highlights.
The World Bank is part of two global initiatives that have recently joined forces to support the shipping industry on this journey: The Sustainable Mobility for All and the Carbon Pricing Leadership Coalition, says Dr Vandycke.
“Building an alliance of progressive maritime stakeholders to explore, discuss, and evaluate the potential of possible emissions reduction strategies is key,” she notes.
“As Roman philosopher Seneca once said: ‘If one does not know to which port one is sailing, no wind is favorable.’”
Publication date: 12 January, 2018
Europe’s ports ask for a full alignment of Article 9 of the AFIR proposal with Articles 4 and 5, as well as with Annex III of the FuelEU Maritime proposal, states ESPO.
IMO’s 4th GHG report demonstrates improvements in technical efficiencies alone will not be enough to reach the target of halving shipping emissions by 2050.
Classification society is planning to amend the draft of its Rules and Guidance for Ships Using Methyl/Ethyl Alcohol as Fuel) document.
Prompt supply remains tight in Singapore and Fujairah, and rough weather has delayed bunker deliveries in East Asia.
‘LNG as fuel is attracting widespread attention as an environmentally friendly option, but LPG as fuel has advantages over LNG,’ says ABS spokesman.
GTT will further provide training for the crews, supported by its proprietary G-Sim training simulator, which replicates the future LNG operations of the vessels.
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.
