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Wednesday, November 25, 2020

European Commission News

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EU Parliament Votes to Make Ships Pay for Their Emissions

The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping is the only sector which does not face EU targets to cut emissions, but it is coming under increased scrutiny as the bloc attempts to steer industries towards its plan to become "climate neutral" by 2050.In a vote on Tuesday, EU lawmakers said the bloc's carbon market should be expanded to include emissions from voyages within Europe…

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Ship Emissions: ABS Spearheads the Future of EEDI for Ships

A team led by ABS has been awarded a contract by the European Commission (EC) to explore future directions for the IMO’s Energy Efficiency Design Index (EEDI) for ships.The landmark study will look at ways to improve and accelerate the integration of low-carbon fuels and innovative technologies into the requirements of the index, which was originally created to reduce emissions from ships by promoting design improvements and the adoption of more energy-efficient power systems.The EC…

Vassilios Demetriades (Photo: Cyprus Shipping Deputy Ministry)

Cyprus Names New Shipping Deputy Minister

Vassilios Demetriades has been appointed as Cyprus' new Shipping Deputy Minister, the country's president Nicos Anastasiades announced as part of a cabinet reshuffle. The seasoned maritime policy expert, known for his extensive work within the shipping industry and contributions to the European Union (EU), joins the Cyprus Shipping Deputy Ministry effective July 10.Since the ministry's inception in March 2018, the Cyprus flag has grown to become the 11th largest merchant fleet worldwide and the third largest fleet in the European Union.

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Shipping Emissions to Be Included in EU Carbon Market

European lawmakers agreed on Tuesday to include international carbon emissions from the maritime sector in the EU carbon market, targeting an industry that does not yet pay for its pollution.They also called for binding targets for shipping companies to reduce the annual average CO2 emissions of all ships when in operation, by at least 40% by 2030 compared to 2018 levels, going further than an original European Commission proposal.Pollution from ships plying international waters usually escapes countries’ domestic emissions-cutting targets…

Photo: Interferry

Ferry Operators Start to See the Light at the End of the Tunnel

Interferry CEO Mike Corrigan reflects on the crushing impact of COVID-19…but suggests that the gradual easing of travel restrictions offers a turning point on the road to recovery.Last year the ferry industry was riding the crest of a wave. In an end-of-year review, I went so far as to express my belief that the industry had rarely if ever been in such good health. Throughout the developed world, most operators were reporting year-on-year traffic growth and many had set new records for passenger and vehicle volumes.

(File photo: Chantiers de l'Atlantique)

Gauging Impact of Fincantieri's French Deal to Take Time, Says EU's Vestager

Gauging the market impact of Italian shipyard Fincantieri's bid for France's Chantiers de l'Atlantique is proving difficult and is likely to take some time, the European Union's antitrust chief Margrethe Vestager said on Tuesday.Italy sees the deal by Europe's largest shipyard as an opportunity to create a European industrial champion in the shipbuilding industry to better compete with rivals from Asia and other regions.EU antitrust enforcers, however, worry the deal between two global leaders in an already concentrated and capacity-constrained market could push up prices for cruise ships.The

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Ship Operators File Lashing Complaint With EC

Six European shortsea and feeder ship operators have filed an official complaint to the European Commission, claiming International Transport Workers’ Federation (ITF) attempts to force ships to use dockers for container lashing violate EU competition law.In a letter to the Directorate-General for Competition dated May 19, 2020, the operators call for an official investigation into the ITF and affiliated Dutch union FNV Bondgnoten, and their campaign to compel operators to stand down seafarers from shipboard container lashing.

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EU Approves Finnish Aid to Maritime Companies Impacted by COVID-19

The European Commission has approved a €600 million ($668.1 million) Finnish aid scheme to support maritime companies impacted by the coronavirus outbreak.The aid scheme will take the form of State guarantees on working capital loans and will be accessible to maritime operators that are essential for maintaining the security of supply to Finland during the coronavirus outbreak. The funds are intended to help these firms cover immediate working capital needs, maintain employment and have sufficient liquidity to continue their activities.

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Shipping Plan Would Reel International Emissions into EU Carbon Market

The European Union's carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission's first report on maritime CO2 emissions.Pollution from ships plying international waters typically escapes countries' domestic emissions-cutting targets, but the EU's executive has said the sector must contribute to its trillion-euro push to achieve a "climate neutral" economy by 2050.It wants to curb shipping's carbon footprint by adding it to the Europe-wide emissions trading system (ETS)…

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Cargo Shipping to Keep EU Antitrust Exemption until 2024

Cargo shipping companies will be exempt from antitrust rules against anti-competitive agreements for a further four years until 2024 because this leads to lower prices and better consumer services, EU antitrust regulators said on Tuesday.First adopted in 2009 and extended for five years in 2014, the consortia block exemption regulation will be prolonged for four more years to April 2024, the European Commission said in a statement.It allows liner shipping operators with a combined market share below 30% to cooperate to provide joint liner shipping services…

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Euro Shipyard Deal Faces Regulatory Headwinds

Fincantieri risks an EU antitrust veto against its bid for Chantiers de l'Atlantique because of the difficulty of addressing regulators' concerns, people familiar with the matter said, in what would be a setback to Italy's industrial ambitions.Italy sees the deal by Europe's largest shipyard as an opportunity to create a European industrial champion in the shipbuilding industry to stave off competition from Asia and other regions.EU antitrust enforcers however are concerned that…

EU Clears OLT Takeover by SNAM and FSI

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…

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Trump to Discuss Traded Deal with EU's Von der Leyen

U.S. President Donald Trump said on Tuesday that he was going to discuss a trade deal with the European Union (EU) in a meeting with European Commission President Ursula von der Leyen.Speaking ahead of a meeting with von der Leyen on the sidelines of the annual meeting of the World Economic Forum in Davos, Trump said: "Hopefully, we'll get something done."He earlier told delegates that trade deals struck this month with China and Mexico represented a model for the 21st Century.(Editing by Alexander Smith)

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Maersk Chief Warns EU Antitrust Policy Benefits China, US

Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview."Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence," Maersk CEO Soren Skou told Danish business daily Finans.A Maersk spokeswoman confirmed his comments to Reuters.Skou is a member of the European Round Table for Industry (ERT)…

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BIMCO: Climate Ambitions Not Achieved Alone

BIMCO has welcomed the recognition of the European Commission (EC) that climate change is a global issue that requires mobilization of partners internationally.In The European Green Deal, published on December 11, 2019 by the European Commission, it is highlighted in the introduction that “the environmental ambitions of the Green Deal will not be achieved by Europe acting alone”. BIMCO fully agrees with this, especially when it comes to climate actions for international shipping.The…

Chinese Tanker Spurns Malaysian Inspections

An oil tanker, which shipping data showed was managed by a Chinese company under U.S. sanctions, refused to allow an inspection by maritime authorities while anchored in Malaysian waters, Malaysia's maritime agency said.Silvana III's commercial manager is Kunlun Shipping Co Ltd, according to shipping transparency website Equasis.org.Kunlun is one of several firms placed under U.S. sanctions this year for alleged involvement in transporting oil from Iran.The Malaysian Maritime Enforcement Agency (MMEA) said the Silvana III, which anchored off Kuala Kurau on Malaysia's west coast on Dec.

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Swiss Chide EU Over Steel Import Curbs

Switzerland criticized on Thursday measures the European Union has adopted to curb steel imports amid a global trade spat, saying they harmed the Swiss steel industry.The European Commission last month revised safeguard measures introduced in July 2018 and decided to reduce the annual increase in quota volumes, the government said in a summary of talks on the status of a bilateral free trade deal. "These changes threaten to further restrict bilateral steel trade between Switzerland and the EU and harm the Swiss steel industry…

EIB Ends Financing for Fossil Fuel

The European Investment Bank (EIB), the EU's financing department, will bar funding for most fossil fuel projects to become the world’s first ‘“climate bank”.The bank will end its financing of oil, gas, and coal projects after 2021, and will accelerate clean energy innovation, energy efficiency and renewables. EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030, it said.Over the last five years the European Investment Bank has provided more than EUR 65 billion of financing for renewable energy…

Hyundai Seeks EU's Ok to Acquire Daewoo

South Korea’s leading shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has submitted an application to the European Union for approval for its takeover of the compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).According a Yonhap report,  HHI informed that the submission will be reviewed by anti-trust authorities at the European Commission, expecting the results of their call in 2020.Hyundai Heavy has been taking prerequisite steps since April to apply for the EU’s mergers and acquisitions approval.In March…

Steel Cut for 1st LNG-fueled Ship in France

MSC Cruises, a global cruise line registered in Switzerland and based in Geneva, has held a steel-cutting ceremony for its first new-generation World-Class ship at the Chantiers de l'Atlantique shipyard in Saint-Nazaire, France.The first of five liquefied natural gas (LNG) powered cruise ships on order, MSC Europa is the first LNG ship to be built in France.On the occasion of the cutting of the first steel ceremony held in Saint-Nazaire, MSC and Chantiers de l’Atlantique unveiled…

Europe Establishes Waterborne TP

The European Commission and Member States will establish a co-programed partnership zero-emission waterborne transport in the framework of Horizon Europe (the EU’s future research and innovation program).According to a press note, Waterborne Technology Platform partnership will allow the strategic European waterborne transport sector to develop knowledge, technologies and solutions that will enable zero-emission shipping for all ship types and ship services.Within the Green Deal for Europe, the greening of waterborne transport (i.e. shipping and inland navigation) will take a central place.

Shipping Directly Employs Over 640,000 at Sea

Shipping directly employs over 640,000 workers at sea and on shore, and supports over 1.4 million workers through indirect and induced employment, said European Community Shipowners' Associations (ECSA).These professionals possess a wealth of maritime knowledge, skills and heritage unique in the world. If Europe is to retain its pre-eminence in global shipping, this know-how needs to be cherished and cultivated.The sector must therefore attract a sufficient number of quality new entrants and retain experienced seafarers…

Photo: IMO

EU/IMO Global Project Drives Energy Efficiency

The GMN global network of maritime technology cooperation centers has completed numerous pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime…

Europe Hosts Green Inland Shipping Event

Green inland shipping event on 16 October 2019 showed the most innovative solutions in inland navigation at the CO2 neutral port of Brussels.Brussels Minister for climate transition, environment, energy and participative democracy, Alain Maron, emphasized the important environmental benefits of inland shipping to reach global and European emission goals.Five innovative vessels called at the port of Brussels to show technological solutions to cut CO2 and air emissions to a minimum to European decision makers and stakeholders.

Logo: WISTA

Wallenius Wilhelmsen CEO Joins WISTA

Today is the celebration of International Maritime Organization (IMO) World Maritime Day, where the 2019 theme is “Empowering Women in the Maritime Community“.This raises awareness of the importance of gender equality, in line with the United Nations’ Sustainable Development Goals, and highlights the important – yet under-utilized – contribution of women within the maritime sector.Women’s International Shipping & Trading Association (WISTA) promotes diversity in the maritime, trading and logistics sectors.

Macquarie Acquisition of German Offshore Wind Approved

The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit. The 400MW offshore wind farm is positioned 100 kilometres off the coast of northwestern Germany.Under the EU Merger Regulation, the proposed acquisition would raise no competition concerns as the companies are not active on the same or vertically related markets…