Speed limits for box ships the best way to hit emissions target, IMO told

By Alexander Whiteman

Mandatory speed limits could be shipping lines’ best hope of achieving the IMO’s 2030 emissions reduction targets. Shipping officer for lobby group Transport & Environment, Faig Abbasov, told The Loadstar slow-steaming could “single-handedly” achieve the target. “We’re proposing mandatory limits, based on ship type,” said Mr. Abbasov, speaking on the sidelines of the Marine and Environment Protection Committee (MEPC 73) in London. “Furthermore, our slow-steaming initiative is based on an annual average rather than per individual journey, meaning priority shipments could travel at a faster rate.” (more…)

OOCL announces bunker recovery surcharge to cover IMO 2020 compliance

By Mike Wackett

OOCL plans to begin the switch to low-sulphur fuel for its fleet of around 100 container vessels during the second half of next year, in readiness for compliance with IMO 2020.

Unlike some of its peers, the carrier has made no reference to scrubber technology that would enable vessels to continue to burn cheaper heavy fuel oil (HFO) from 1 January 2020 when the 0.5 per cent sulphur cap becomes law. The Cosco subsidiary said it had estimated the extra cost of compliance with IMO 2020 for its vessels could be more than “half a billion dollars”. (more…)

No shortage of issues to deal with at the Shipping Federation

No shortage of issues to deal with at the Shipping Federation

By Brian Dunn

This year marks the 115th anniversary of the Shipping Federation of Canada and as the years pass, so do its priorities. While the Federation is keeping an eye on Canada’s free trade agreement (CETA) with the European Union which is starting to pay dividends, another key focus is on the environmental front, according to Federation President Michael Broad. There are also the IMO ballast water regulations with requirements to install BWT systems coming into effect between 2019-2024, the global sulphur cap as of 2020, the GHG emission reduction strategy and talk about total decarbonization. “On a global level, it’s an ambitious agenda which will have a huge impact on us and here in Canada, we also have the whale protection agenda on both the east coast and west coast.” (more…)

Venta Maersk completes first Northern Sea Route passage

By Gavin van Marle

The first Maersk containership to complete the Polar sea passage from Asia to Europe via the North Pole – the so-called Northern Sea Route – arrived in St Petersburg on September 28. Venta Maersk, a 3,596 TEU ice-class vessel designed to operate the company’s Baltic feeder services, departed Russia’s Pacific port of Vladivostok on 22 August. It called at Russia’s other main Pacific box port of Vostochny and the South Korean hub of Busan before transiting the Bering Strait on 6 September. Its next call was Germany’s North Sea transhipment hub of Bremerhaven before its arrival in St Petersburg. (more…)

Capacity cuts and trade war combine to increase container tonnage laying idle

By Mike Wackett

A perfect storm of radical capacity cuts by carriers and U.S. president Donald Trump’s threat to hike tariffs on Chinese goods could see many more containerships laid-up, according to Alphaliner. Shipping association BIMCO warned that over a quarter of container trade on the transpacific could be at risk from the escalating U.S.-China tit-for-tat trade war. The latest data from Alphaliner, based on a survey on 3 September, records 143 idled ships, for 408,283 TEUs representing 1.8 per cent of the total global cellular fleet. It said: “Idled numbers are expected to rise in the coming weeks due to service cancellations for the winter slack season.” Alphaliner noted that that the service cuts announced so far were “significantly more severe” than those in 2017. (more…)