ICS proposes global levy on ship carbon emissions In a submission to the International Maritime Organization, the International Chamber of Shipping, (ICS) has sput forward a comprehensive proposal for a global levy on carbon emissions from ships. ICS, which represents
Sustainable shipping fund eyes first investments A fund set up by French asset manager Eurazeo has raised €115m ($136.4m) to invest in small and mid-size sustainable...
Disruptions hit container shipment volumes Figures from CTS show volumes have slipped back from their highs in May. But ever-higher price indices indicate it is...
IUMI 2021: Marine insurance growing strongly despite coronavirus 'The increase in absolute premiums is a sign of the market recovering ... The shares are relatively stable, with a...
Habben Jansen: No rates relief in sight for shippers in 2022 The slow movement of ships and containers is taking up large amounts of capacity at a period of high demand...
Chinese hull market overtakes Lloyd's Lloyd's, for centuries the world's dominant marine insurer, continues to witness sharp decline in premium volumes as lines on graph...
Modern Terminals aims for carbon neutrality by 2050 The shorter-term goal is to remove all direct greenhouse gas emissions at its terminals by 2030
Kawasaki secures dual-fuel VLGC from Eneos Ocean According to the Japanese shipyard, the advantage of this dual-purpose vessel is its capability to simultaneously carry LPG, which is...
Box lines face US probe over hazardous goods restrictions A shortage of imported chemical products could jeopardise US industry. In the light of this, carriers face yet more scrutiny...
Daily Briefing All hail the smart shipping revolution| Dry bulker bonanza drives owners to pay premium for resales| Impact of hurricane on...
Foreign vessels entering China's territorial waters must check in Vessels that fail to report as required could face punishments from the local maritime authority
Hyundai Glovis plans foray into gas shipping The logistics unit of South Korean conglomerate Hyundai Motor will invest more than $170m in ordering two VLGCs as part...
Green shipping group sees methanol bet as 'step in right direction' Green shipping advocates say methanol offers several significant advantages over ammonia and liquefied natural gas
Shipowners propose global carbon levy The International Chamber of Shipping and Intercargo have proposed a global carbon levy, but have not set a price for...
BP delivers first Asia-Pacific carbon offset cargo to CPC Taiwan BP's first carbon offset LNG cargo was supplied in July to Sempra LNG at the Energia Costa Azul terminal in Mexico, and underscores a growing trend for decarbonized LNG shipments around the world.
China needs $21 trillion investment to achieve 2060 carbon neutrality target: official Value of carbon trading needs to reach $46.48 billion
Linde, Hydrogen Utopia to deploy plastic waste-to-hydrogen technology in Poland **Waste plastic to produce 3 mt/day hydrogen **Targets $3.50/kg hydrogen sales price
Shipping bodies launch fresh proposals to curb emissions **Renewable ammonia could be over three times costlier than fuel oil **Platts voluntary CEC credits at $7.00/mtCO2e
INTERVIEW: Sizable uptick in methanol bunkers ahead: Methanol Institute COO **A.P. Moller-Maersk plans set to accelerate push towards methanol bunkering **Methanol inclusion in IMO IGF Code in Nov 2020 boosts its prospects
OIL FUTURES: Crude slips as demand concerns move into focus According to data from the US department of labor Sept. 3, non-farm payrolls in the US rose 235,000 in August, down from the 1.05 million increase reported in July and far lower than market expectations of a rise of over 700,000.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week Sentiment for 0.5%S FO was expected to become more bullish this week, after traders reported similar sentiment last week. There were some arbitrage cargoes heard heading East, which was helping to absorb volumes.
Insurers' union calls on IMO for greater alternative marine fuel regulation **Demand for renewable fuels is growing **Steps are being taken to address safety but more work remains
Asia residual fuels: Key market indicators for Sep 6-10 The north Asian bunker market is expected to see sufficient supply at most major ports, but bunker premiums are likely to stay firm in line with Singapore cargoes.
South Korea low sulfur bunker fuel prices rise on tightened supplies "Demand has been sufficient over the past week but we have not seen supplies keep up. This has driven the prices up and is likely to improve premiums from where they are now," said a bunker supplier in South Korea.
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