Regulatory Updates

Insights From ISWG-GHG 16: Clarifications And Complexities

As the global community grapples with the urgent need to reduce greenhouse gas (GHG) emissions, the International Maritime Organization (IMO) faces the daunting task of translating ambitious goals into concrete regulations. The Revised GHG Strategy, agreed upon in principle, outlines the adoption of both a GHG Fuel Standard and a GHG pricing regulation. However, the devil lies in the details, and reaching a consensus on these specifics is no small feat.

Clarifications and Challenges at ISWG-GHG...

https://mfame.guru/insights-from-iswg-ghg-16-clarifications-and-complexities/

Methanol Institute’s Proposal For IMO’s LCA Guidelines

The IMO should include an adjustment factor for CII calculation, carbon capture used during fuel production and mass-balance accounting in its LCA framework, Methanol Institute (MI) proposed, says an article published on engine online website.

Summary
  • The Methanol Institute (MI) proposes adjustments to the Carbon Intensity Indicator (CII) formula, suggesting the inclusion of methane and nitrous oxide emissions in CII calculations, alongside establishing default emission levels for various bunker...

https://mfame.guru/methanol-institutes-proposal-for-imos-lca-guidelines/

Singapore Car Ownership Costs Rise

credit: yahoo.com

Cost of car ownership soars in Singapore, maintains a BBC news source.

Large family car in Singapore

The cost of a certificate to own a large family car in Singapore has jumped to a fresh record high of S$146,002 ($106,619; £87,684).

The city-state introduced the 10-year certificate of entitlement (COE) system in 1990 as an anti-congestion measure.

Prospective car owners in Singapore must have a COE in order to be able to purchase a vehicle.

They are sold in auctions every two...

https://mfame.guru/singapore-car-ownership-costs-rise/

SK Gas Of South Korea Finalizes Ulsan LNG Bunkering Deal

Credit: LNG Prime

SK Gas, a unit of South Korean conglomerate SK Group, is joining forces with compatriot shipping firm H-Line and the Ulsan Port Authority to develop a liquefied natural gas (LNG) bunkering project.

Collaborative Efforts

In that regard, the trio signed a memorandum of understanding for a public-private joint project, according to a statement by SK Gas. SK Gas, H-Line Shipping, and UPA will now work to create a joint venture for the project in the first half of 2024.

Following the...

https://mfame.guru/sk-gas-of-south-korea-finalizes-ulsan-lng-bunkering-deal/

Beware Non-IMSBC-listed Shipments that may Liquefy

Credits: eilis-garvey-unsplash

Beware cargoes which may liquefy not listed in the IMSBC Code, states a Gard news source.

International Maritime Solid Bulk Cargoes (IMSBC) Code

Gard is aware of a number of cases involving cargoes which may liquefy that are not listed in the International Maritime Solid Bulk Cargoes (IMSBC) Code as Group A cargoes and therefore not declared as such by shippers.

Group A consists of cargoes which may liquefy if shipped with a moisture content in excess of their...

https://mfame.guru/beware-non-imsbc-listed-shipments-that-may-liquefy/

Cargo Sample Procedures: Best Practices

Credits: Venti views/Unsplash

Skuld’s Senior Claims Executive and Technical Manager, Arnt Stensen, has emphasized the crucial role of cargo samples in safeguarding tanker ship owners against potential cargo claims. He underlined the importance of handling these samples with the utmost care, as published on Safety4Sea.

Type of sample bottles

When selecting bottles for storing cargo samples, several factors should be considered. Plastic bottles (specifically HDPE) are suitable for pure acids or...

https://mfame.guru/cargo-sample-procedures-best-practices/

Transatlantic Liquid Bulk Link: Chemical Tankers Bridging Americas to Indian Ports

Credits: Oleksandr Kalinichenko/Shutterstock.com

The Suez Canal has announced rebate percentages for certain types of tankers operating between specific regions.

  1. For “Chemical & Other Liquid Bulk” tankers travelling between the American Gulf (including Miami and western ports) and ports in India and its eastern ports: a) Ports west of the Indian subcontinent (from Karachi to Cochin) will receive a 25% rebate on normal Suez Canal tolls. b) Ports east of Cochin until before Port Klang will receive...

https://mfame.guru/transatlantic-liquid-bulk-link-chemical-tankers-bridging-americas-to-indian-ports/

Charting the Seas of Latin America: Navigating the Complexities of Carriage of Goods

Credit: Pixabay/Pexels
Brazil’s ‘CT-e’ and Delivery of Cargo within Complex Customs Regulations

The UK P&I Club is actively involved in the Latin American and Caribbean region, which is a significant area of business for them. They have prominent Members whose principal place of business is in this region, and many of their entered ships frequently call at ports in Latin America and the Caribbean. Managing claims in this region poses challenges due to the multiple languages spoken (Spanish,...

https://mfame.guru/charting-the-seas-of-latin-america-navigating-the-complexities-of-carriage-of-goods/

BGMEA Urges Customs Department for Streamlined Shipment Certification Process

Credit: David Dibert/Pexels

The customs authority has been requested to make it easier to issue certificates for short shipments of goods in terms of exports to the top organisation representing Bangladeshi garment manufacturers and exporters, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). A short shipment occurs when the quantity and/or value of goods actually exported is/are less than what is declared in export shipping documents, as reported by Maritime Gateway.

Short...

https://mfame.guru/bgmea-urges-customs-department-for-streamlined-shipment-certification-process/

Deutsche ReGas Acquires Regulatory Approval For A New LNG Import Facility

  • Key approval needed ahead of commercial operations
  • Terminal set to be technically ready on Dec. 1
  • Deutsche ReGas FSRU one of six under development

Deutsche ReGas wins regulatory exemptions for new German LNG import facility, reports a Platts news source.

Deploy a floating LNG import terminal

Privately-owned Deutsche ReGas — which is planning to deploy a floating LNG import terminal at the German port of Lubmin in December — has been awarded 20-year exemptions from tariff and network access...

https://mfame.guru/deutsche-regas-acquires-regulatory-approval-for-a-new-lng-import-facility/

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