ZIM Integrated Shipping Services Ltd. (“ZIM”) (NYSE: ZIM), and Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: ATCO), announced today a new strategic agreement for the long-term charter, with monetary value in excess of $1.5 billion, of ten 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels, to serve across ZIM’s various global-niche trades.
ZIM and Seaspan Announce Strategic Chartering Agreement for LNG-Fueled Vessels ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM”), and Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: … Read more here..
A study by the International Council on Clean Transportation (ICCT), revealed that liquid hydrogen could power nearly all container vessels crossing the Pacific Ocean, one of the busiest shipping lanes in the world..
The ICCT study found that 99% of the transpacific voyages made in 2015 could have been powered by hydrogen and fuel cells by replacing 5% of cargo space with extra storage for the clean fuel, or by adding an additional port of call to refuel..
The Hydrogen Council, a global CEO-led coalition has been working to enable the global energy transition through hydrogen..
The Hydrogen Council’s efforts have been buoyed by the joining of MSC – the world’s 2nd largest container shipping line..
Proposed amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.
Draft new mandatory measures to cut the carbon intensity of existing ships have been agreed by an International Maritime Organization (IMO) working group.
This marks a major step forward, building on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.
A grouping of the world’s largest energy, agriculture, mining, and commodity trading companies and charterers will assess and disclose the climate alignment of their shipping activities for the first time..
This is according to a press release from The Sea Cargo Charter..
The Sea Cargo Charter is a global framework created in order to assess and disclose the climate alignment of ship chartering activities..
Its aim is to establish a common, global baseline to quantitatively assess and disclose whether chartering activities are in line with adopted climate goals making it an important tool to support responsible decision-making..
The Sea Cargo Charter is applicable to all bulk charterers, those with interest in the cargo on board, those who simply charter out the vessels they charter in as well as the disponent owners and all charterers in a charter party chain..
A ground-breaking Global Industry Alliance (GIA) has been launched to tackle two of the most pressing environmental issues of our time – invasive species and greenhouse gas (GHG) emissions.
The GIA brings together stakeholders in the private sector and the GloFouling Partnerships, a project led by United Nations entities to address the transfer of harmful aquatic species through biofouling.
The much reported MARPOL Annex VI regulation (a.k.a IMO2020) which was implemented to lower the current global limit for sulphur content of marine fuels from 3.50% to 0.50% came into effect on 1st January 2020..
As of 1st March 2020, the complementary International Convention for the Prevention of Pollution form ships (MARPOL) amendment (Carriage Ban) came into effect..
Global trade keeps us connected with customers, consumers and industries around the world.. There are several modes of transport used in global trade – sea, air, land and rail..
Whichever mode of transport you use, even the most meticulously planned shipment can go awry either due to natural disasters or man-made errors..
Cargo damage is one such disaster that not only gives rise to product and financial losses, but could also affect the relationship between customers and their service providers..
Physical and wet damage could be caused due to lack of proper packaging to protect the cargo on its long voyage..
With current modern developments in sustainable packaging and shipping solutions, businesses have no excuse not to take the movement into consideration.
Making an effort to reduce your environmental impact will not only pay off in cost but will impress your consumers in our now rightly eco-centric society.
Technology has led to the creation of numerous types of sustainable packaging materials, to allow businesses from any industry to reduce their carbon footprint and environmental impact.
Here are some of the pressing reasons to incorporate sustainable packaging and shipping into your supply chain.
Maritime shipping has one of the lowest carbon emissions compared to other modes of transport..
Despite this, the International Maritime Organization (IMO), the regulatory authority for international shipping, has been working to reduce the harmful impacts of shipping on the environment since the 1960s..
In April 2018, the IMO adopted an initial strategy on the reduction of greenhouse gas emissions from ships by at least 50% by 2050 compared to 2008 levels..
As part of this strategy, on January 1st 2020 IMO’s MARPOL Annex VI (colloquially known as IMO2020) regulated to lower the current global limit for sulphur content of marine fuels from 3.50% to 0.50% was implemented..
We caught up with Roel Hoenders, Acting Head of Air Pollution and Energy Efficiency, Sub-Division for Protective Measures, Marine Environment Division, with the IMO for his views on the implementation of the #IMO2020, and also to discuss the best practices and guidelines for Port State Controls (PSC)..
January 1st 2020 saw the implementation of IMO’s MARPOL Annex VI (colloquially known as IMO2020) regulated to lower the current global limit for sulphur content of marine fuels from 3.50% to 0.50%.. VLSFO (Very Low Sulphur Fuel Oil) is one of the options suggested by IMO to achieve this reduction..
Shipping lines and fuel companies have been trying and several blended fuels that would help achieve these levels..
But the one month old VLSFO is already facing issues relating to emissions..
I for one, am quite pleased with the many initiatives that the shipping and freight industry has been taking to combat climate change and reduce CO2 emissions..
Implementing IMO 2020 sulphur cap, testing the usage of bio-fuels to run ships, using scrubbers, avoiding north sea route, changing ships technology to use less fuel, etc etc etc.. While what is being done is commendable, there is still a LOT left to do in order to reach the goals set..
For its part, Maersk has announced that it will pilot a battery system to improve power production on board ships..
The maritime sector is a major global industry. In fact, an article published by the World Bank reports that shipping accounts for 80% of all world trade’s total volume. However, like other lucrative industries, it doesn’t only deal with accommodating a high demand for services, but also constantly faces numerous environmental issues.
Why exactly should shipping companies be involved with battling climate change? There are countless reasons, but one that stands out the most—if we assess matters through an economic perspective—is that climate change is a large threat to the industry itself.
Below, we’ll discuss several impacts of climate change on maritime transport, specifically on its efficiency and profitability.
IMO2020 is getting serious commercially..
As everyone may have read, as of January 2020, all ships are required to use fuel with a sulphur content of 0.5% or less on all of the world’s oceans..
The ship owners have a few options to ensure compliance and meet lower sulphur emission standards, each with some pros and cons..
Let’s look at the cost impact of IMO2020..
The Northern Sea Route is a shipping lane situated between the Atlantic Ocean and the Pacific Ocean along the Russian coast of Siberia and Far East.. This route crosses Barents Sea, Kara Sea, Laptev Sea, East Siberian Sea and Chukchi Sea..
Five years ago this route was quite empty between December to May.. But as per reports, currently there are more than 20 ships per day on average which are active on this route..
This is testament to the effects of climate change and global warming..
This route has become quite popular in the name of saving on transit time and costs and almost 500,000 tons of cargo passed through this route in 2018..
It has been reported that 164 different companies navigated on the route operating 26 voyages between Europe and Asia..
One shipping line however, is choosing environmental and social responsibility to protect the biodiversity of both the Arctic region and the entire planet over the Northern Sea Route..
Society’s perception of environmentally and socially responsible shipping practices is far from the truth. When Amazon unveiled the promise of free two-day shipping for Prime members, customers were thrilled.
The processes were already in place to enable fast delivery, so what could be the harm in more people benefiting from even shorter delivery windows?
Amazon recognized how this service would impact on sales, and began offering free same-day shipping on millions of products starting in May 2019. It all looks like an Amazon Prime Member benefit.
That is the problem in its entirety.