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Friday, February 28, 2020

United Nations News

©  Mike Mareen / Adobe Stock

Capesize Index Turns Negative for the First Time Ever

Capesize index plummets to -133, the first time ever in negative territory – is it all up from here?The Baltic Exchange Capesize Index (BCI) dropped to -133 index points on February 4, 2020, turning negative for the first time ever on January 31, 2020. The composite BDI index (BDI), which has excluded the more stable handysize segment since March 2018, also dropped on February 4, 2020 to settle at 453 index points.The BCI has been on a freefall through the entirety of December, but the descent started to pick up more steam during the past couple of weeks.

Image by Poseidon Principles

Poseidon Readies $140Bn Shipping Loan

With the signing by the France-based international lender to global shipping BNP Paribas and the Swiss multinational investment bank Credit Suisse, Signatories of the Poseidon Principles represent around $140 billion in loans to international shipping – about 30% of the total global ship finance portfolio.Poseidon Principles is a global framework for responsible ship finance which helps incentivize shipping’s decarbonization.They establish a common framework to quantitatively…

Capt Eero Lehtovaara  (Photo: ONE SEA)

ONE SEA Appoints Lehtovaara Chairman

ONE SEA has appointed Capt Eero Lehtovaara as its new Chairman. Lehtovaara, a Master Mariner and Associate Fellow of the Nautical Institute, is Head of Regulatory & Public Affairs at ABB Marine & Ports.He brings a wealth of experience to the expanding ONE SEA alliance where he has been a Board member for two years, as well as Vice Chairman. His past experience at sea provides a unique understanding of the challenges set by new regulations, human resource management and technological developments…

Image: International Maritime Organization (IMO)

Asia Boosts IMO Technical Cooperation

The International Maritime Organization (IMO), Thailand’s Ministry of Transport and the United Nations Economic and Social Commission for Asia (UNESCAP) have recently organized the second regional Knowledge Partnership Workshop in Asia in Bangkok,The workshop was designed to support maritime technical cooperation activities in the region.The workshop brought together officials from transport ministries, responsible for maritime affairs, and finance ministries, responsible for official development assistance.

Pic: Port of Rotterdam Authority

Rotterdam Adopts Revised Port Vision

The city council of Rotterdam has adopted the revised Port Vision. The creation of economic and societal value and realizing sustainable growth form the core of the revised Port Vision.The revised Port Vision was approved by the Port of Rotterdam Authority’s Supervisory Board earlier this year. Now that the city council of Rotterdam has also adopted the revised Port Vision, this finally replaces Port Vision 2030, which dates from 2011.Allard Castelein, Port of Rotterdam Authority…

Pic: ICS Shipping

ICS Opens China Liaison Office in Hong Kong

The global trade association for shipowners and operators, International Chamber of Shipping (ICS) opened its China Liaison Office in the Hong Kong Special Administrative Region (SAR) on Tuesday, 21 November, during a reception hosted by the Hong Kong Shipowners Association.Liu Xiaoming, the Deputy Minister of Transport from the People’s Republic of China, Huang Liuquan, the Deputy Director of Hong Kong, Macau Affairs Office of State Council of the People’s Republic of China, and Frank Chan…

Photo: Kongsberg Maritime/Golden Energy Offshore

Using Data, Batteries OSV Operator Cuts Consumption 20%

Golden Energy Offshore, Kongsberg collaborate to reduce operational fuel consumption.While vessel owners mull a myriad of fuel and emission reduction technologies, Norwegian Offshore Service Vessel (OSV) owner and operator Golden Energy Offshore reports a 20% operational fuel savings courtesy of its work on vessel performance monitoring with Kongsberg Maritime, a collaboration which includes the deployment of the containerized SAVe Energy battery system earlier this year.“We have a high focus on how our environmental footprint can be reduced…

Houthis Release South Korean, Saudi vessels

Yemen's Iran-aligned Houthi movement released three vessels and 16 people it had seized, South Korea's Foreign Ministry and a Houthi military source in Yemen said on Wednesday.The seizure on Sunday was the latest incident at sea around Yemen, where Saudi Arabia is leading a Western-backed coalition of Arab states against the Houthis, who control the capital and most population centres and have been accused of attacking shipping.Of the vessels freed on Tuesday, two were South Korean and one was Saudi Arabia-flagged…

River dredging operations in the State of Louisiana (CREDIT: Port of New Orleans)

US Funds $30 million for Coastal Flood Protection

The U.S. government's oceans and waterways agency will provide $30 million to improve coastal resilience, officials said, aiming to reduce the impacts of worsening storms, flooding and rising seas in nearly half of U.S. states.Grants through the program are designed to restore or expand coastal wetlands, dunes, reefs, mangroves and barrier islands that are key to coastal protection, said the National Oceanic and Atmospheric Administration (NOAA) in an announcement.Coastlines worldwide are being damaged or threatened by more extreme and destructive weather…

Pic: International Maritime Organization (IMO)

IMO Launches Compendium

Streamlining the many administrative procedures necessary when ships enter or leave port is an important element of International Maritime Organization (IMO)'s work.And now, an important tool used by software developers to create systems for exchanging the relevant data electronically has been made available by the Organization online and free of charge.The IMO Compendium is a reference manual containing data sets and the structure and relationships between them, that will enable…

Pic: International Maritime Organization (IMO)

GloFouling Crosses 12 Lead Partnerships

The GloFouling Partnerships project, is a joint initiative between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and International Maritime Organization (IMO) ,  has 12 Lead Partnering Countries.Indonesia and Mexico have recently joined Fiji, Tonga, Brazil, Madagascar, Mauritius and Philippines as those which have already established their national task forces. Jordan, Sri Lanka, Peru and Ecuador will join in the coming months.The project…

File Image: AdobeStock / © 14KT Gold

U.S. Shipping Sanctions Dent HSFO Demand

U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result -- less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday.The move to blacklist ships from COSCO on Sept. 24 for allegedly ferrying sanctioned Iranian oil will undercut demand for ships' traditional means of power because a vessel crunch meant fewer docked and attached kit to filter the dirtier fuels.From January 2020, the United Nations International Maritime Organization (IMO) will ban ships from using fuel with a sulphur content above 0.5%…

A Euronav tanker in Drydock. Credit: Euronav

Euronav Readies Fleet for IMO 2020 Start

Belgian tanker operator Euronav expects to complete preparations on its fleet in coming weeks ahead of tougher rules next year limiting sulphur emissions from ocean-going vessels, a company executive said on Tuesday.Ship owners must cut emissions by reducing the sulphur content in fuel to 0.5% from 3.5% under the rules, which are set by the United Nations' International Maritime Organization (IMO), and come into effect in January.To comply, ship owners can use low-sulphur fuel…

Pic: International Maritime Organization (IMO)

50 States Sign Fishing Vessel Safety Declaration

A global regime to create much-needed safety standards for fishing vessels has moved a significant step closer following the International Maritime Organization (IMO)-led international Ministerial Conference, organized in conjunction with Spain, the Food and Agriculture Organization of the United Nations (FAO) and The Pew Charitable Trusts.During the conference (21-23 October), nearly 50 States signed the Torremolinos Declaration, publicly indicating their determination to ensure…

Pic: DNV GL

Corporates Pledge for Healthy, Productive Ocean

30 companies and institutional investors have signed up to the United Nations Global Compact (UNGC) Sustainable Ocean Principles committing to take action to secure a healthy and productive ocean.UNGC is a special initiative of the UN Secretary-General, the United Nations Global Compact works with companies everywhere to align their operations and strategies with ten universal principles in the areas of human rights, labor, environment and anti-corruption.The signatories to the principles include the container ship and supply vessel operator A.P.

A large bulker awats cargo at an African port (Credit: Joe Keefe)

Tramp Shippers Challenged by IMO 2020

Shipping companies running itinerant merchant vessels known as tramps are concerned about sourcing fuel to comply with one of the biggest ever shake-ups of the industry next year, the head of the International Chamber of Shipping (ICS) said.The International Maritime Organization (IMO) has banned the use of fuel with a sulphur content exceeding 0.5% from the beginning of January 2020, down from a maximum of 3.5% now, unless it is to power a ship equipped with a "scrubber" to clean the pollutant from exhaust emissions."We believe the (fuel) supplies will inevitably be patchy outside the main bu

Pic: MSC Mediterranean Shipping Company

MSC Rejects Northern Sea Route

Mediterranean Shipping Company (MSC), the world’s second-biggest container shipping line, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing global trade routes.In declaring the northern sea route out of bounds, MSC follows CMA CGM and Hapag-Lloyd that have similarly eschewed the commercial benefits of an Asia-North Europe option that is 30 percent shorter than the southern…

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…

Pic:  International Maritime Organization (IMO)

UK Focuses on Safety of Navigation

International Maritime Organization (IMO)'s rules and regulations for suppressing unlawful acts against the safety of navigation can be seen in the wider context of the global fight against terrorism.The United Nations Counter-Terrorism Committee Executive Directorate (UNCTED) carries out assessment visits to countries to assess their compliance with various international security instruments and UN Security Council resolutions.IMO took part in a follow-up visit to the United Kingdom (7-11 October) together with experts from Interpol…

Pic:  International Maritime Organization (IMO)

BWM Convention Modification Enter into Force

The amendments to an international treaty aimed at preventing the spread of potentially invasive species in ships’ ballast water came into force yesterday (October 13), the International Maritime Organization (IMO) said.Ships regularly take on sea water, in tanks, to ensure their stability. Known as ballast water, this can contain many aquatic species, including in microscopic or larval form. These can become invasive and harmful if the ballast water is released, unmanaged, in…

Photo courtesy of IMO

Addressing Invasive Species in Ships’ Ballast Water

The BWM Convention amendments formalizing the implementation schedule for the D-2 standard are now in force. Amendments to an international treaty aimed at preventing the spread of potentially invasive species in ships' ballast water entered into force on October 13, 2019.Ships regularly take on sea water, in tanks, to ensure their stability. Known as ballast water, this can contain many aquatic species, including in microscopic or larval form. These can become invasive and harmful if the ballast water is released…

Pic: Traxens

Traxens, UN Unveil Smart Container Data Standards

France-based developer of smart data for ports Traxens has led the development of the first standards for smart container data exchange now published by the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT).Business Requirements Specifications (BRS) delivers internationally standardized messaging to facilitate the use of smart container data. Although many smart containers are already in use, there are no global standards in place to capture and…

Group of ABS employees located in the Rio de Janeiro office. Photo: ABS

ABS Spotlight on Female Mariners

The maritime classification society American Bureau of Shipping (ABS) celebrated International Maritime Organization’s (IMO) World Maritime Day with a month of activity putting women in the spotlight to inspire current employees as well as future generations of mariners. The theme for 2019’s World Maritime Day, an official United Nations day, is “Empowering Women in the Maritime Community.”“I am proud that ABS has strong women leaders across all areas of the organization who are recognized and accomplished professional trailblazers as well as mentors for the next generation of leaders…

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.

Image: IMO

IMO Progressing in Global Climate Action

The UN Climate Action Summit in New York (23 September) is giving global leaders the chance to show the world concrete proposals and tangible actions being taken in the fight against climate change.IMO Secretary-General Kitack Lim has been reporting on the solid progress being made by the Organization to reduce GHG emissions from international shipping, in support of the 2030 Agenda for Sustainable Development, in particular SDG 13 on Climate change.Lim delivered a keynote address at the opening of the World Economic Forum event on decarbonizing shipping.

Lise Kingo, CEO and Executive Director of the UN Global Compact. Photo: DNV GL

Business Ambition for 1.5°C: Our Only Future, Says DNV GL

A global movement of companies taking ambitious climate action aligned with limiting global temperature rise to 1.5°C is emerging, states a new report released by the United Nations Global Compact, DNV GL, and Sustainia on the sidelines of the UN Climate Action Summit.87 companies, with a total market capitalization of over US$ 2.3 trillion and annual direct emissions equivalent to 73 coal-fired power plants, have joined the “Business Ambition for 1.5°C — Our Only Future” campaign.