ShippingNews

Trump Administration Seeks to Influence IMO Sulfur Rule Rollout

By MarEx 2018-10-19 13:32:21

The Trump administration is expected to call for a gradual rollout for the IMO sulfur rule rather than the single-step implementation planned for Jaunary 1, 2020. The rule is expected to result in an increase in the cost of middle distillates, which would be an unwelcome development for any president in an election year. “Few things terrify an American president more than a spike in fuel prices,” said Bob McNally, former energy adviser to former President George W. Bush,...

Video: IMO Promotes Just-In-Time Operations

By MarEx 2018-10-17 20:09:36

Reducing the amount of time ships spend waiting outside port and at anchor could significantly reduce ship emissions, according to studies carried out by members of the IMO GloMEEP Global Industry Alliance (GIA). A new GIA video explaining the Just-In-Time concept was shown at IMO Headquarters, during a presentation to delegates on the sidelines of the IMO Intersessional Working Group on Reduction of GHG Emissions from Ships this week. Implementing “just-in-time” ship operations means ships receive information in advance so...

Charity Intervenes and Abandoned Officer Gets Paid

By MarEx 2018-10-17 19:07:33

The U.K.-based charity Human Rights at Sea (HRAS) has intervened to facilitate the successful repatriation of an Ethiopian Chief Officer who was abandoned on Kish Island in Iran. The officer's wages have also been paid after negotiations led by HRAS Iranian intern, Sayedeh Hajar Hejazi. The charity was contacted by the seafarer on October 12. He had completed a six month contract which had been extended by four further months without pay before the owner had deducted two months and...

ONE Warns of $600 Million Loss in its First Year

By MarEx 2018-10-16 18:44:13

Japanese carrier Ocean Network Express (ONE) expects to book an unexpected $600 million loss in its first fiscal year due to "teething problems," rising fuel prices and staffing shortages. ONE operates the combined container fleets and containerized cargo businesses of MOL, "K" Line and NYK, and it faced significant difficulties early this year as it attempted to integrate the three lines' organizations and booking systems. Utilization of ONE's combined fleet was just 73 percent in the first quarter of operation,...

Netpas Releases Revolutionary Maritime Mail Analyzer

By MarEx 2018-10-16 16:44:49

Netpas has officially released the industry's first maritime mail analyzing solution Netpas MMA (Maritime Mail Analyzer). Netpas, well known for its port distance table tool currently used by the largest number of users and companies around the world, has developed Netpas MMA to analyze cargo and tonnage offer mails and create an associated database on user’s local pc only. It automatically analyzes the mail using criteria set by user and provides various options for searching, filtering and matching to...

Scorpio Reverses Course, Opts for Fleet-Wide Scrubber Installations

By MarEx 2018-10-16 11:07:27

Monaco-based shipping firm Scorpio Group has decided to retrofit scrubbers onto virtually all of its product tankers and bulkers, reversing its skepticism about the technology's viability. As recently as last month, Scorpio had suggested that it did not plan to make a major investment in scrubbers. “We have long maintained that the IMO 2020 regulations are both disruptive to the shipping industry generally as well as a powerful demand catalyst for product tankers," said Scorpio Tankers chairman and CEO Emanuele Lauro...

Investor and Philanthropist Paul Allen Passes at 65

By MarEx 2018-10-15 18:49:20

Microsoft co-founder and business magnate Paul G. Allen passed away Monday from complications related to non-Hodgkin's lymphoma. He was 65 years old, and he left behind a legacy of achievement in business, sports, philanthropy and science - including oceanographic research and exploration. Non-Hodgkin's lymphoma is a cancer of the body's white blood cells, and Allen first learned that he had the disease in 2009. A successful course of treatment put it into remission for nine years, but two weeks ago, Allen...

Hapag-Lloyd and ONE Cooperate on Feeder Networks

By MarEx 2018-10-14 00:56:35

Hapag-Lloyd and Ocean Network Express (ONE) have entered into a strategic feeder network agreement. Under the agreement, both companies will share space on their feeder services. Hapag-Lloyd and ONE have also already ushered in a new Intra-Asia service, the Bohai Feeder (BHX) in August and will further introduce a new Intra-Europe service, the North Sea Poland Express (NPX), in mid-October. The cooperation will cover specific Intra-Europe (BAX, NBS, NPX, REX, SDX, ADX, LEX) and Intra-Asia (BHX, HAS, PID) feeder trade...

It's Back to “Business as Usual” for Live Exports

By MarEx 2018-10-13 22:17:10

The RSPCA has slammed the decision by Australia's Government to relax new animal welfare conditions for live sheep exports only months after they were introduced. In an Export Advisory Notice distributed to industry representatives last week, the Department of Agriculture and Water Resources confirmed that, as of November 1, stocking density reductions for sheep would be relaxed by 37.5 percent from the restrictions put in place in July this year. “This is an outright capitulation to the demands of live...

OOCL Announces Plans for Bunker Recovery Charge

By MarEx 2018-10-13 20:58:19

Shipping line OOCL has joined other major container shipping companies in announcing plans for a bunker recovery charge as a result of the 2020 sulfur cap which is estimated to cost the shipping industry $60 billion each year. “As we explore our options and what would be best for our fleet to ensure compliance by the deadline, OOCL will begin our transition into the use of low sulfur fuel for our entire fleet during the second half of 2019,” said...