All Eyes on IMO: U.N. Shipping Regulator Under Pressure to Reduce CO2 Emissions from Ships

By Jonathan Saul and Nina Chestney LONDON, April 9 (Reuters) - The United Nations' shipping agency is under pressure this week to agree on a plan to cut carbon emissions from the sector, following years of slow progress, but the strategy could fall well short of what is required to limit global warming. The shipping sector, along with aviation, avoided specific emissions cut … [Read more...]

China Clamps Down On Imports Of Recycled Waste

By Gavin van Marle (TheLoadstar) Container shipping lines could lose around 5m teu of cargo a year following the recent import ban on a variety of waste materials for recycling, according to new research from Drewry Maritime Advisors. China brought in new rules on 1 January, applying from 1 March, which will see a complete ban on the import of unsorted … [Read more...]

Northern Europe’s first floating rubbish bin installed in Helsinki

The technology group Wärtsilä's project to bring floating rubbish bins to Finland is making progress. The project is being executed in honour of Finland's centenary. The first Seabin marine rubbish bin in all of Northern Europe was launched and placed in test use today in Uunisaari, off the coast of the Kaivopuisto district of Helsinki. Another floating rubbish bin will be … [Read more...]

Norwegian Billionaire, Pledging to Give Away Fortune, Orders Advanced Research Vessel

Norwegian shipping and offshore magnate Kjell Inge Roekke plans give away the 'lion's share' of his estimated $2 billion fortune beginning with the construction of a large research and expedition ship to study ocean sustainability. The vessel, which will operate in partnership with the World Wide Fund for Nature's Norwegian unit, will have a crew of 30 and will offer … [Read more...]

Alternative Ocean Power Moves Closer to ‘Bankability’

By Brian Parkin (Bloomberg) The two-century old dream of harnessing the power of the sea came closer to commercial reality after the European Investment Bank backed a Finnish company with ambitions to deploy machines that generate electricity in six countries. AW-Energy Oy, which also has the support of the nation’s biggest utility, Fortum Oyj, said it expects its could sell … [Read more...]