By Alexander Whiteman (The Loadstar) - Shipping must pay the price today for tomorrow’s sustainability as a push to cleaner supply chains is seeing shippers reconsider their best routes to market. A report from classification society American Bureau of Shipping (ABS) claims that with no truly carbon neutral fuels available the best short-term option is slow steaming and … [Read more...]
IMO Urged to Consider Mandatory Speed Limits for Ships
An open letter signed by more than 100 shipping companies and environmental organizations is urging the International Maritime Organization to impose mandatory speed limits for ships as a way to reduce harmful emissions from shipping. The letter states that effectively addressing climate change is quite possibly the greatest challenge of lifetime. In response to this crisis, … [Read more...]
Warning to Shippers: Expect More Slow Steaming, Transshipment After IMO 2020
By Mike Wackett (The Loadstar) - Analysts predict that the impact of IMO 2020 will mean slower ships and more transhipment. This would be a further blow to shippers who also face additional costs to compensate carriers for using cleaner fuel from 1 January. Shippers may dislike surcharges, but they universally hate transhipment, as it introduces another level of risk to … [Read more...]
Environmental Group Proposes Speed Limits for Ships to IMO
By Alexander Whiteman (The Loadstar) - Mandatory speed limits could be shipping lines’ best hope of achieving the IMO’s 2030 emissions reduction targets. Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar slow-steaming could “single-handedly” achieve the target. “We’re proposing mandatory limits, based on ship type,” said Mr … [Read more...]
IMO’s 2020 Sulphur Cap Seen Ushering In New Era of Slow-Steaming
By Alex Longley, Firat Kayakiran and Irene García Pérez (Bloomberg) -- If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will probably be moving just a fraction slower. If the slowdown does happen -- and the likes of Citigroup Inc. say it will -- then the wider consequences … [Read more...]