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ICS Moves to Put Levy on Ship Emissions from 2025
Jul 11, 2023 ... IMO rapidly agrees to a global levy on ships' GHG emissions to support a 'fund and reward' mechanism, as proposed by the industry." A previously discussed in these pages, ICS has already put ...
FOBAS ALERT: Possible Fuel Contamination in Houston and US Gulf Area
Jul 11, 2023 ... various concentration levels are likely to have contributed to the reported problems. Initial assessment also revealed that there are some blend components, at least 1-2% that are not a natural part ...
MEPC80: EU ETS to Join IMO Scheme Once Ready, Says Lim
Jul 11, 2023 ... issue, IMO secretary-general Kitack Lim said in London on 7 July that while other pricing mechanisms may emerge in the interim, they would join the IMO global system once it is in place. Lim said ...
Singapore: All-electric Harbour Craft Plans Move Forward
Jul 11, 2023 ... the port, including bunker barges. First off, the authority is looking at the electrification of smaller harbour craft in the 20 to 40 gross tonnage range, according to the MPA. "The suitability ...
VPS Identifies Houston Fuel Contamination
Jul 10, 2023 ... restricted manoeuvrability as they could not operate their thrusters. The vessel had to change to LSMGO (Low Sulphur Marine Gas Oil) to arrive safely to the port. DCPD's are unsaturated chemical ...
MEPC80: IMO Line on Carbon Offsetting Remains Ambiguous For Now
Jul 7, 2023 ... whether it will allow the use of carbon offsets to achieve its decarbonisation goals, Tristan Smith and Alison Shaw of UMAS said in an emailed statement on Friday. "In the debate during ...
MEPC80: Adoption of 2023 IMO GHG Strategy 'Monumental', says SG Kitack LIm
Jul 7, 2023 ... I believe that we have to pay more attention to support developing countries, in particular SIDS [small island developing states] and LDCs [least developed countries], so that no one is left ...
MEPC80: IMO Sets Shipping on Course for Net-Zero GHG Emissions 'By or Around 2050'
Jul 7, 2023 ... a phased reduction in the GHG intensity of marine fuels, and a GHG emissions pricing mechanism for shipping. These measures will take into account the full well-to-wake GHG emissions of ...
Singapore's MPA Expects Ammonia Bunkering From 2026: Report
Jul 7, 2023 ... waters by the end of this year was not realistic, citing the need for further safety ...
Economic Fears Cripple Oil Trading, But Saudis Express Market Confidence
Jul 6, 2023 ... energy trader at CIBC Private Wealth, said, "I think Saudi Arabia realizes that there is a mismatch between the different grades of crude due to the production cuts and is trying to ...
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Red Sea Crisis Added 18 Million Tons of CO2 Emissions in EU Container Shipping

Red Sea Crisis Added 18 Million Tons of CO2 Emissions in EU Container Shipping

Container shipping has been the hardest hit by Red Sea rerouting, with a CO2 emissions spike equivalent to Cambodia's annual national output.

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Crowley Adds New LNG-Fuelled Boxship to Its Fleet

Crowley Adds New LNG-Fuelled Boxship to Its Fleet

The 1,400 TEU vessel is the third in a four-ship series supporting US-Caribbean trade.

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Traders Buoyed By Trump's "Soft" Stance On Russia, Oil Dips Minimally

Traders Buoyed By Trump's "Soft" Stance On Russia, Oil Dips Minimally

Analysts consider a shift in global oil markets if Trump imposes the tariffs.

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