Regulatory Updates

Climate Change The Shift from Moral Obligation to Legislation

All (Climate) Change Please – the shift from the moral obligation to legislation, says an article on The Business Desk.

Regulation for climate change

The UK is leading an international response to climate change and the COP26 presidency will hopefully demonstrate what effective regulatory cooperation should look like. Through the international regulatory cooperation strategy, the UK government is going to look at what systematic changes can be made for a more global approach to regulation for...

https://mfame.guru/climate-change-the-shift-from-moral-obligation-to-legislation/

Euronav Shocked By Lack Of Tanker Recycling

The lack of ship recycling in the tanker market has given the prevailing headwinds and low freight rates. low tanker rates induce owners to send their older tonnage to the scrapyard. low freight rates (below $ 25,000 per day), reports Offshore Energy.

Dual-fuel liquefied natural gas (LNG) engines

“Many analysts believe that older tonnage has instead been used for “illicit trade” that has developed around Iranian and Venezuelan sanctioned cargoes. The vessels undertaking this trade have been...

https://mfame.guru/euronav-shocked-by-lack-of-tanker-recycling/

GMS Praises Maersk Despite Criticism From Danish Government

Trade group Danish Shipping wants a bilateral deal between the EU and India to lift environment and safety standards at breakers’ yards in South Asia, where almost 90% of ships are recycled, reports Lloyd’s List.

Accusations

Industry groups defend Maersk’s record on shipbreaking after Danish government says it will investigate the reflagging and recycling of four ships at Alang, India.

Nikos Mikelis, non-executive director at GMS, which buys ships for scrapping, said Maersk deserved praise for...

https://mfame.guru/gms-praises-maersk-despite-criticism-from-danish-government/

Swiss Re Corp Enrolls In Ship Recycling Transparency Initiative

  • Swiss Re Corporate Solutions has signed up to the Ship Recycling Transparency Initiative (SRTI).
  • The insurer will be joining a growing list of organisations across the shipping value chain who are calling for greater transparency and responsible ship recycling.

Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has signed up to the Ship Recycling Transparency Initiative (SRTI), says an article published in Reinsurance News.

SRTI’s Aim

The SRTI aims to use...

https://mfame.guru/swiss-re-corp-enrolls-in-ship-recycling-transparency-initiative/

New Recycling Scheme To Create Opportunity For The Challenged

KLine announces that it will establish a new recycling scheme for used lashing materials that create and support working opportunities for the challenged people, says an article published on their website.

Lashing material used with new ones

Lashing materials are used to tightly secure cars on the deck of Pure Car Carrier to keep stability while transportation on sea .It is necessary to replace deteriorated lashing materials with new ones on a regular basis. 

KLine used to treat them as industrial...

https://mfame.guru/new-recycling-scheme-to-create-opportunity-for-the-challenged/

Maersk Offers Cargo Management Programme To Cut Costs By 50%

  • Study shows 50% reduction in D&D exposure.
  • Data-driven approach shapes trucker discussions nationwide to address supply chain fragmentation at destination.
  • Full visibility of destination supply chain.

Maersk North America’s Destination Cargo Management (DCM) product is designed to optimize destination planning and delivery in supply chains. This segment holds the most opportunity for importers to reduce demurrage and detention (D&D) storage costs and improve end user experience, according to...

https://mfame.guru/maersk-offers-cargo-management-programme-to-cut-costs-by-50/

IRClass Launches New Certification Service

  • IRClass has launched a new service to provide certification of marine containers in accordance with IMO International Convention for Safe Containers (CSC).
  • It has released Guidelines on Certification of Containers developed by the Rule Development & Associated Research team.

Indian Register of Shipping (IRClass), an international ship classification society, launched a new service to provide certification of marine containers in accordance with IMO International Convention for Safe Containers...

https://mfame.guru/irclass-launches-new-certification-service/

Carriage of Seed Cake & Third Version of IG/CINS Guidelines

  • CINS (the Cargo Incident Notification System) and the International Group of P&I Clubs had jointly published updated guidance on the carriage of seed cake in containers.
  • The third version of this guidance has now been published. It replaces and supersedes the previous versions.
  • Version 3 of the Guidelines notes that it is vital that Seed Cake which is not classified in Class 4.2 of the IMDG Code should be declared by the shipper to the receiving carrier.

A Standard Club news report reveals...

https://mfame.guru/carriage-of-seed-cake-third-version-of-ig-cins-guidelines/

Offshore Rig Receives World’s First DNV Smart Notation

A semi-submersible drilling platform from China Merchant Heavy Industry (CMHI) has become the world’s first offshore unit to receive DNV’s Smart notation compliance certificate, reads the DNV website.

Notation to assess vessel features

The voluntary notation, awarded to SHEN LAN TAN SUO, provides a framework for assessing and visualising digital vessel features and shows that a vessel is using enhancements that improve operations and efficiency as well as reducing environmental impacts.

Digitalisat...

https://mfame.guru/offshore-rig-receives-worlds-first-dnv-smart-notation/

Industry Standard On In-Water Cleaning Submitted To IMO

The Industry standard on in-water cleaning with capture has been submitted to support IMO’s work on the review of the Guidelines for the control and management of ships’ biofouling to minimize the transfer of invasive aquatic species, reports BIMCO.

Setting a standard

BIMCO led an industry working group that has developed an industry standard on in-water cleaning with capture that was published in January 2021 [Shipping industry takes new step to protect marine environments]. The industry...

https://mfame.guru/industry-standard-on-in-water-cleaning-submitted-to-imo/

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