Maritime Roundup: 14 December 2018

PortXL Maritime Roundup

Fortnightly maritime news for the industry and PortXL community.

MARITIME NEWS

CMA CGM Joins Freightos

CMA CGM took a giant leap in inking a pilot agreement with Freightos, becoming the first ocean carrier listed on the freight marketplace. This is despite the fact that CMA CGM has been working on its own e-commerce platform called Freddie, which has not been launched.

Barcelona Joins the Fight for Emission Control Area in the Mediterranean

Barcelona is the first city to join the NGO-led initiative, which aims to establish an Emission Control Area (ECA) in the Mediterranean Sea to limit air pollution produced by ships.

European Maritime Single Window Environment (EMSWe) Welcomed By Shipowners

With the adoption of a single approach towards reporting, a real internal market for shipping can be facilitated and harmonised.

Euronav’s Merger with Gener8 Maritime Awarded Deal of the Year by Lloyd’s List

Concluded in June this year, the merger between Belgium’s tanker shipping company Euronav and US-based crude oil shipping company Gener8 Maritime is a big step towards improving fuel consumption in preparation of the 2020 sulphur cap.

The Growing LNG Bunkering Phenomenon

With the IMO 2020 sulphur cap deadline fast approaching, here’s a roundup on how the global shipping community is its boosting LNG bunkering services and infrastructure.

Singapore Bans Open Loop Scrubbers

According to the Maritime and Port Authority of Singapore (MPA), the decision to ban open-loop scrubbers was made to protect the local marine environment. The ban will come into effect from January 1, 2020, the day the global sulphur cap kicks in for international shipping.

Ship Recycling Transparency Initiative Launched

The non-profit Sustainable Shipping Initiative – made up of major shipping companies and banks – has launched the Ship Recycling Transparency Initiative’s (SRTI) online platform, a tool for sharing information on ship recycling to drive responsible practice.

OPEC Cuts to Test the Strength of Tanker Market Recovery

Just days after U.S. President Donald Trump called on OPEC to maintain production at the same level, the organisation and Russia agreed to cut oil production by 1.2 million barrels a day.

Imports at Major U.S. Ports Sets New Record

According to a monthly Global Port Tracker report, imports at major retail container ports in the U.S. have reached two million containers in a single month for the first time, as retailers continue to bring in merchandise ahead of an increase in tariffs on Chinese goods.

PORTXL ALUMNI NEWS

Njord Power Breaks into New Markets