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Breaking Stories

Goundar Shipping, embroiled in an international human trafficking/labour violation scandal over the last few months involving a number of Filipino employees, made announcements it will be ceasing operations from May 17th onward. The social media post announcing this was deleted shortly after, and it is unclear as to the findings of the ongoing investigation, nor the bearing this investigation had on the decision to cease operations.

Additionally, in the midst of the current COVID-19 outbreak on Viti Levu, domestic passenger shipping is currently suspended, which is hampering the profitability of domestic shipping operators, as well.

 

For additional updates, please visit the link below:

https://www.fbcnews.com.fj/news/goundar-shipping-claims-to-have-ceased-operations/ 

Waterfront Shipping, a subsidiary of Methanex Corporation, has demonstrated simple barge-to-ship bunkering, launching methanol bunkering operations at the Port of Rotterdam. The Takaroa Sun, a long-term chartered vessel owned by Nippon Yusen Kaisha (NYK). The exercise was undertaken at the Vopak Terminal Botlek of Royal Vopak with a bunker barge, MTS Evidence, operated by TankMatch.

 

For additional details, please visit the link below:

https://splash247.com/demonstration-shows-ease-of-methanol-bunkering-by-barge/ 

The shipping industry waiting on the next stage of environmental regulations has forestalled broader ordering of new ships - particularly dry bulk carriers. 

Currently, owners can lower pollution through retrofits instead of opting for newbuilds – it is expected ship repair yards will be highly busy for the coming years.

The International Maritime Organisation’s Energy Efficiency Existing Ship Index (EEXI) works on a per ton per mile basis, but not on how much of the time the ships are laden. Instead of demanding mechanical, technical changes to the global merchant fleet, a $250 a tonne levy on fuel may result in ships slowing down and alternative fuels gaining immediate traction. Basel III, due to come into effect in 2023 – the same year as EEXI funnily enough – will have an enormous effect on the shipping industry, strengthening the regulation, supervision and risk management of banks.

 

 

For additional details, please visit the link below:

https://splash247.com/regulatory-purgatory-is-heaven-for-rates/ 

Jimmy Nuake, deputy secretary at the Ministry of Infrastructure Development of the Solomon Islands, and longtime sustainable transport advocate, highlighted the global need to enable the shipping industry to go green by giving it a real incentive to transform. He noted that governments must give the industry the incentives to decarbonize, and this is why the Solomon Islands came together with the Marshall Islands to propose a carbon levy at the International Maritime Organization. This carbon levy proposal would make it logical for shipowners to invest in measures to green their ships – making it not only the right thing to do morally, but also financially. The proposed levy would start at $100 per ton of CO2, and would be periodically revised upwards, which would encourage technological innovation and enable the kind of risk-taking that can create the step-changes we need in this industry.

 

 

For the full article, please visit the link below:

https://splash247.com/islands-and-industry-say-its-time-for-a-carbon-tax-can-kerry-help-deliver-it/