Fortnightly maritime news for the industry and PortXL community
“Seafarers: at the core of shippingʹs future” has been selected as the World Maritime theme for 2021, reflecting a clear need to raise awareness of seafarersʹ vital role in world trade and increase their visibility. The focus on seafarers comes as the COVID-19 pandemic has placed extraordinary and unprecedented demands on seafarers. Hundreds of thousands faced and are still facing extended sea times, going months at sea without seeing families and loved ones.
As the Dutch GDP is expected to shrink by at least 5% in 2020, we need innovative solutions to restart our economy and create new jobs. What better than entrepreneurship to be the engine to ignite a new economic growth?
The objective is to reduce EU greenhouse gas emissions to “at least 50%” below 1990 levels “and towards 55%,” Loonela said at a regular press briefing on Tuesday (18 August). While some industries are expected to grow – like renewables, energy and construction – some like oil, gas and coal are set to “decline” while others like the car sector “are likely to transform.
The global grid-connected energy storage market despite disruptions from the Covid-19 pandemic will rebound this year and top 15 gigawatts in 2025, IHS Markit said. The fact that the energy storage industry is proving resilient and has resumed a growth trajectory during the pandemic and subsequent economic shock proves that the 2019 market retraction was an aberration.
Digital performance, standards and internet of things (IoT) connectivity is becoming increasingly important in passenger shipping as operators learn to work remotely. The sector’s implementation of digitalisation has accelerated as it struggles with technical and market challenges during the global coronavirus pandemic.
A.P. Moller – Maersk managed to improve profitability across all businesses in the second quarter of 2020 despite a sharp drop in global volumes following the COVID-19 crisis. Earnings before interest, tax, depreciation, and amortisation (EBITDA) improved to $ 1.7 billion, beating initial expectations from June of an EBITDA slightly above $ 1.5 billion.
The bulk carriers to be built in Sri Lanka are innovative as they will have lower emissions compared to conventional bulk carriers of the same size. Each vessel will measure approximately 293 feet in length and is powered by a 4-stroke diesel engine with an electric hybrid system supplying additional power through a battery system. They will have a load capacity of 5000 DWT, carrying cargoes including grain, timber, unit loads, and containers.