Paolo d’Amico, chief executive officer of d’Amico International Shipping and d’Amico Società di Navigazione group, has no doubt what is the the next big issue to be faced by the industry. “The next challenge for the future? Decarbonisation for sure. We are already thinking at the next stage of...
https://splash247.com/damico-the-challenge-of-decarbonisation/
With fixed offshore wind turbines growing bigger and more difficult to install, most countries are looking for longer distance to shore wind installations. “To solve the issue of deeper water, the future wind turbines will have to be installed on floaters,” says Patrick Belenfant, CEO of Bourbon...
https://splash247.com/bourbon-pioneering-offshore-wind-floaters/
Across the various divisions at Stena exciting transformations are underway. Witness plans to become the world’s first decarbonisation exploration driller or the Stena Elektra, a futuristic looking hybrid ferry. Over at Stena Bulk, there’s also plenty of work going on to ensure the Swedish...
EPS, which operates a diverse fleet of over 15m dwt, revealed the achievement as it published its Environmental, Social & Governance (ESG) Policy for 2021, says an article published in seatrade maritime.
EPS Disclosing Its Fleetwide CO2 EmissionsEPS started disclosing its fleetwide CO2 emissions last year and uses the Annual Efficiency Ratio (AER) measurement for which had set a target of 4.5 by 2022, reducing 4.7 in 2019 and 5.1 in 2021. On Thursday EPS disclosed that it had achieved an AER of...
https://mfame.guru/eps-surpassed-its-co2-reduction-target-two-years-ahead-of-schedule/
One year ago — which seems like an eternity ago — no one in ocean shipping was talking about COVID. They were talking, ad nauseum, about fuel. About a massive spike in fuel prices due to a regulatory “tsunami” that would hammer liner companies’ 2020 financial results, inflate the cost of imported goods and steer winners and losers among shipping stocks, says an article published in freight waves.
Trend in PricesIt didn’t happen, courtesy of COVID. Instead, the price of marine fuel collapsed....
In a major development, Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that it has formulated measures to prevent an reoccurrence of the incident involving the bulk carrier Wakashio, chartered by MOL from a subsidiary of Nagashiki Shipping Co., Ltd. (the Shipowner), which ran aground off the island of Mauritius on Saturday, July 25, and leaked bunker oil on Thursday, August 6, says a press release published by the company.
How did they do it?In developing the...
https://mfame.guru/mol-issues-a-guidance-to-prevent-mauritius-oil-ship-grounding-incident/
The Italian shipowners’ association, Assarmatori, chaired by Stefano Messina has officially asked the Italian government to open the international register to the other EU-flagged ships and make possible also for shipping companies based abroad to obtain benefits by employing Italian seafarers....
https://splash247.com/assarmatori-italian-shipping-priorities/
2020’s final Maritime CEO issue sees Eli Glickman, CEO of Israeli carrier ZIM on the cover. Glickman has presided over a dramatic turnaround at the world’s 10th largest containerline, and now the aim is to push through a successful IPO. ‘ZIM notched up a record net profit of $144.4m in the third...
The International Transport Intermediaries Club (ITIC) recently released a press release in which it warns of the dangers of allowing important information to be sent to individual email addresses with no back-up.
What is the caseIn a recent case, a ship owner advised its ship agent that a particular port they used regularly was no longer accepting the discharge of dangerous cargoes at certain berths.
Unaware at the time, the agent accepted a booking for a cargo that contained a quantity of...
https://mfame.guru/itic-warns-not-to-depend-on-individual-email-after-this-case/
Once again Scorpio is the talk of the markets this month. The decision to exit dry bulk in favour of wind installation has elicited enormous comment and conjecture and set the pulses of S&P brokers racing. In August Emanuele Lauro-led Scorpio Bulkers signed a letter of intent with South Korea’s...