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Fleet Optimization and Innovation Headlines of the Week May 15, 2019

It’s time for action . . .  Headlines of the Week- May 15, 2019          View this email in your browser

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OPTIMIZED FORMAT  –  INNOVATIVE IDEAS  –  PROFITABLE OPPORTUNITIES

“Actions not Words”

Kitack Lim opened the MEPC meeting in London with a call for “actions not words”.  This refrain is being echoed throughout the world as society demands the shipping industry work to reduce its contribution to climate change by reducing first its SOx emissions, then its GHG emissions by 2050, with an interim goal set for 2030.  But it comes at a cost.

Change needs investment- and right now the shipping “slush fund” is empty.  We need to look to new partnerships- or create a new relationship with existing partners.  Commercial banks who shy away from large capital investments may be willing to support an asset upgrade to move towards environmental goals—as long as they have a way to secure their investment.  There may be solution providers who are willing to invest in the utilization of their strategy on board ships—with a guarantee of purchase of fleet wide deployment with a successful trial.  There may also be environmental investment funds who will become part of the solution for environmental change.

Actions Change Things.  We need to reduce the barriers to change—and invest in the future!

Keep optimizing,

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
May 15, 2019 
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Emissions

UECC to Exceed IMO 2030 Climate Goal With LNG Hybrid Vessels

2019-05-08 – United European Car Carriers (UECC) has signed a contract to build two new hybrid-powered, LNG-fueled PCTCs with China Ship Building Trading and Jiangnan Shipyard. The new ships will be equipped with a battery hybrid LNG propulsion system which will place UECC beyond IMO’s target for a 40 percent reduction in carbon intensity by 2030. The contract has options for two additional vessels, and the first vessel is planned for delivery in 2021. . . READ MORE

Saying goodbye to carbon: Heightened awareness or just deadline pressure?

2019-03-07 – Shipowners are already ordering compliant fuels as, January 1st, 2020, the deadline for sulphur cap approaches bringing together a great need for major changes in the ways we source, handle and use energy. However, with less than a year left, industry experts and stakeholders still argue on the hard path towards decarbonization after 2020. Is the “zero-carbon shipping industry” beyond reach or not?. . . READ MORE

Speed reduction proposals favour old inefficient ships: Maersk

2019-05-09 – Maersk’s point man for crunch greenhouse gas (GHG) talks next week at the International Maritime Organization (IMO) in London has made clear Denmark’s largest shipping line is firmly against the growing clamour for speed limit regulations. . . READ MORE

Fuels

Chevron’s paper on lubrication in light of 2020 sulphur cap

2019-05-08 – Chevron Marine Lubricants published its new white paper ‘The 2020 Global Sulphur Cap and the role of cylinder oil lubricants’, exploring the impact of vessels burning fuels with differing sulphur contents to heavy sulphur fuel oil cylinder oil use. The paper also provides recommendations from Chevron’s experts on how to manage the transition between cylinder oils pre-and post-2020. . . READ MORE

‘Action, not words’: Kitack Lim galvanises delegates at start of MEPC

2019-05-14 – Monday morning saw International Maritime Organization secretary-general Kitack Lim open proceedings at this week’s 74th gathering of the Marine Environment Protection Committee (MEPC) with a call for greater cross-industry collaboration to improve shipping’s environmental performance. . . READ MORE

Scrubbers

CSA: Scrubbers Win Acceptance at 20 Seaports

2019-05-08 – The Clean Shipping Alliance 2020 (CSA 2020), the industry association for scrubber manufacturers and users, has been conducting a successful campaign to convince port authorities not to ban the use of open-loop scrubbers within their waters. . . READ MORE

European ports back call for harmonised action on scrubber discharges

2019-05-10 – The European Sea Ports Organisation (EPSO) has called for urgent scientific research into the impact of liquid discharges from scrubbers.  The International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC), which is commencing next week in London, will discuss an EU proposal on exhaust gas cleaning systems. The proposal, which has been submitted by the EU 28 member states and the European Commission, aims to start the discussion at an international level on the discharges from scrubbers into the water, especially in sensitive areas such as ports. . . READ MORE

Communications

KVH Unloads Videotel for $90m

2019-05-13 – KVH Industries, Inc., (Nasdaq: KVHI) sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90 million, on a cash-free, debt-free basis, subject to working capital adjustments. . . READ MORE

Finance

Schulte debuts venture capital unit for maritime startups

2019-05-14 – Hamburg’s Schulte Group has launched INNOPORT, a dedicated venture capital unit to identify investment opportunities in the global maritime startup ecosystem.  The INNOPORT team, based in Hamburg, Limassol and Singapore, is headed by Yiannis Sykas, director of strategy and product development at Bernhard Schulte Shipmanagement (BSM). . . READ MORE

SHIPPINGInsight Updates

Hellenic American Maritime Forum (HAMF)

May 29-30, 2019
Megaron Athens
Greece

An environment where shipowners and managers can voice their concerns and needs while finding solutions and collaborations.

Align with the world’s greatest shipping nation and the commercial heft of the Americas.

BE THERE!

Registration and Information

HAMF is a collaboration of SAFETY4SEA and SHIPPINGInsight

OPTIMIZED FORMAT  –  INNOVATIVE IDEAS  –  PROFITABLE OPPORTUNITIES

Save the Date
SHIPPINGInsight 2019

October 15-17, 2019

The 8th Annual Fleet Optimization & Innovation
Conference & Exhibition

Stamford Hilton
Stamford, Connecticut, USA

Highlights of 2018 – Photos, Presentations, Videos and more!

For partnership 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
Copyright © 2019 SHIPPINGInsight, All rights reserved.
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