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Fleet Optimization & Innovation Headlines of the Week- April 18, 2018 

Loud strains of the “Hallelujah Chorus” could be heard in London and around the world last week as a deal on GHGs was agreed upon at the IMO.  While you can never make everyone happy, consensus was achieved to cut shipping’s CO2 emissions by 50% from 2008 by 2050, begin reductions as soon as possible, and work towards decarbonization. Bringing shipping into better alignment with the Paris Climate Accord, the initial strategy also includes strengthening the EEDI efficiency requirements for new ships and reducing shipping’s carbon intensity – the amount of CO2 emitted for each unit of transport work completed.

This agreement was critical for the industry as it becomes more in the spotlight for being the “odd man out”.  Shipping was the last industry to be operating outside of the Paris Agreement, and entities such as the European Union and others were rattling their sabers and gnashing their teeth to come after us.  Fortunately, consensus was achieved, and we can get down to the business of developing strategies to make it happen!

Carleen

     Carleen Lyden Walker
     Chief Evolution Officer
SHIPPINGInsight
IMO Maritime Ambassador
+1 203 255 4686 (o)
+1 203 260 0480 (m)
c.walker@shippinginsight.com
www.shippinginsight.com
News of the Week
April 18, 2018 
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MEPC 72

IMO Agrees to CO2 Emissions Target

2018-04-13 – After several years of negotiations, the IMO has reached an agreement on an “initial strategy” for the reduction of CO2 emissions from shipping.   . . . READ MORE

IMO Moves Towards Ban on HFO in the Arctic

2018-04-13 – At this week’s Marine Environment Protection Committee (MEPC) meeting in London, IMO member states moved towards banning the use of heavy fuel oil in the Arctic. Eight states and a range of NGOs proposed the ban as a means of limiting harm to the Arctic marine environment in the event of a spill. . .READ MORE

BIMCO applauds IMO for setting emission target

2018-04-15 – BIMCO is very satisfied with the Green House Gas (GHG) strategy adopted by the International Maritime Organization (IMO) at the Marine Environment Protection Committee on April 13. The strategy outlines a target to reduce GHG emissions by at least 50% by 2050 compared to 2008 while pursuing efforts towards phasing them out.. . . READ MORE
 

Sulphur 2020

Wood Mackenzie: Global Fuel Costs to Surge from 2020

2018-04-12 – Global bunker fuel costs could rise by up to USD 60 billion annually from 2020, in a full compliance scenario, when the IMO’s 0.5 percent sulphur cap for bunker fuels kicks in, Wood Mackenzie said. . . READ MORE

IMO Moves Forward with Ban on Vessels Carrying High-Sulphur Fuel

2018-04-13 – The International Maritime Organization said it approved on Friday an amendment that would ban ships unequipped to strip sulphur from carrying high-sulphur fuel from 2020 – when new sulphur-content limits come into effect. . . READ MORE

Alternative Fuels / Propulsion

Viking Line Installs Rotor Sail on Cruise Ferry

2018-04-11 – Viking Line has installed a Norsepower rotor sail unit on the cruise ferry Viking Grace, making her the world’s only working passenger vessel with a modernized Flettner rotor. . . READ MORE

For Hire: Battery Hybrid PSVs

2018-04-12 – Systems integrator and equipment maker Rolls-Royce has quietly been adding hybridizing energy-storage packages to a diverse list of vessels. Yet, so, too, has one of its clients — Louisiana-based SEACOR Marine, as it reacts early to tightened emissions and energy-management standards, or EMS, for vessels plying Europe and North America. . . READ MORE

Interview: Methanol Is Ready for Use as Marine Fuel

2018-04-16 – While some experts believe that the answer lies in a replacement for dirty fuels, others believe that scrubbers are the way to go, however, the industry expressed its concerns over the costs of these solutions in more than one occasion. . . READ MORE

Cyber / Digital

JRCS and Microsoft partner on mixed reality and AI applications for maritime

2018-04-13 – Japanese marine power and control systems company JRCS has partnered with Microsoft Japan to test how Microsoft’s HoloLens MR (mixed reality) headset and AI services on its Azure cloud platform could be applied to the creation of remote training and remote maintenance solutions, with the two companies also set to collaborate on creating a new digital platform to support self-navigating vessels. . . READ MORE

American Maritime Strategy in a Digital Age

2018-04-13 – From the White House to the Pentagon, the message is clear. The world of 21st Century great power competition has arrived, and it is distinctly different from the one today’s U.S. national security enterprise was designed to confront. . . READ MORE

Naval Dome, Stamco Ink Cyber Security Agreement

2018-04-16 – Maritime cyber security specialist Naval Dome has signed a contract with Piraeus-based Stamco Ship Management to install its maritime cyber defense system aboard 55 Pure Car and Truck Carriers (PCTC). . . READ MORE

Autonomous

The Day of the Unmanned Ship is Dawning

2018-04-16 – While debates rage in regards to safety, insurance and cyber security, the tech powering autonomous maritime operations continues to power ahead.  Advances in sensor technology, data analytics and bandwidth-to-shore are fundamentally changing the way shipping works. . . READ MORE

Ballast Water

Ballast Water Regs: Difficult and More Difficult

2018-04-12 – As the U.S. Coast Guard tightens its BWTS compliance rules and more systems are approved, there are still many unanswered questions for operators finally looking to comply. . . READ MORE

Compliance Strategies

SUNY Maritime will fit training ship with digital compliance solution

2018-04-12 – State University of New York (SUNY) Maritime College will install Ocean Guardian, a digital environmental compliance tool, aboard the Training Ship Empire State for Summer Sea Term 2018 to provide cadets with hands-on environmental compliance training with the latest technology. . . READ MORE

Ready for Port State Control inspection? BV has an app for that

2018-04-12 – Classification society Bureau Veritas has developed an application to assist ship managers and their crews in planning and ensuring readiness for port state control inspections. . . READ MORE

Ports

NCL Gets Green Light for PortMiami Terminal

2018-04-12 – Norwegian Cruise Line Holdings and Miami-Dade County have amended and restated an agreement incorporating the construction of a new Cruise Terminal B at PortMiami. . . READ MORE

Africa’s Ports Can Accelerate Growth: PWC

2018-04-12 – Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. . . READ MORE

Market Intel

CMA CGM Rolls Out Ocean Alliance Day Two Product

2018-04-10 – CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance, the Ocean Alliance Day Two Product strengthens CMA CGM’s service offering by providing even better services and upgrades to the Group’s customers. . . . READ MORE

Five Facts About Sustainable Ship Recycling

2018-04-16 – Despite recycling a majority of tonnage annually, South Asian countries have been repeatedly questioned about the environmental viability of such activity. This is despite the fact that almost everything on an end-of-life and the ship itself is recycled and reused, which adds to the sustainability of our natural resources. . . READ MORE

BP Sets Out Low Carbon Commitment

2018-04-16 – BP has published a new report setting out its commitment to a low carbon future.
The report, Advancing the Energy Transition, details BP’s framework for reducing greenhouse gas emissions in its operations, improving its products to help customers reduce their emissions and creating low carbon businesses. . . READ MORE

NYK becomes world’s first shipping line to offer green bonds

2018-04-17 – Next month Japan’s Nippon Yusen Kaisha (NYK) will become the first shipping line in the world to offer green bonds to raise capital.  A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects. . . READ MORE

SHIPPINGInsight Updates

Gold Partner – Weather Routing, Inc. (WRI)

We are pleased to be welcoming back
Weather Routing, Inc. as a Gold Partner.

They will be joining us as we provide cutting edge
and topical insights for the marine industry in October!

SHIPPINGInsight 2018

NEW VENUE | NEW FORMAT | NEW IDEAS | NEW OPPORTUNITIES | NEW ERA

The 7th Annual Fleet Optimization & Innovation
Conference & Exhibition

October 16-18, 2018

Stamford Hilton
Stamford, Connecticut, USA

Registration Opens May 1st
www.shippinginsight.com

For sponsorship and exhibiting information, please contact
Dave Weidner (d.weidner@shippinginsight.com)
For more information on the conference, please contact
Carleen Lyden Walker (c.walker@shippinginsight.com)
or call +1 203 255 4686
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