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Environmental

OP/ED: The Capital Construction Fund

Tom Escher, owner, Red and White Fleet

How to make the Capital Construction Fund work for all vessel owners and operators.The Red and White Fleet is a passenger vessel operator on San Francisco bay with roots back to 1892. We make no secret of the fact that we want to build new vessels with zero environmental signatures, all in an effort to increase employment for shipyard workers,

Teekay Joins SRTI

Image: Teekay

Teekay Shipping Corporation, the global marine energy transportation, storage & production company, has signed up to the Ship Recycling Transparency Initiative (SRTI).The Canadian shipowner thus  joined A.P. Moeller-Maersk, the China Navigation Company, Wallenius Wilhelmsen and other major

Africa's Preparedness in Oil Spill

Pic:  International Maritime Organization (IMO)

Increased maritime traffic as well as offshore oil and gas industries in west and central Africa means more risks of oil spill in the region, pointed out International Maritime Organization (IMO).To strengthen the capability for preparedness and response of a potential oil spill, a workshop underwent in Abidjan,

HMM Intros Scrubber Installation Fund

Photo: From left to right: Young-Jun Yoon (CEO of PANASIA), Jun-Sup Shin (CEO of DSEC), Myeong-Ho Ha (CEO of Hyundai Corporation), Ho-Seon Hwang (KOBC), C.K. Yoo (President & CEO of HMM), Seok-Won Seo (President & CEO of SKTI), Kwang-Hun Ahn (CEO of Hyundai Global Service), and Ki-Cheon Nam (CEO of Multi Asset Global Investments)

South Korean shipping company Hyundai Merchant Marine (HMM) announced that it has signed a memorandum of understanding (MOU) to establish a win-win fund for scrubber installation in preparation for IMO 2020 and to seek cooperation in the shipping-related industries.The total investment amount will be KRW 153.

Guyana Build-up Oil Spill Response Capacity

Pic:  International Maritime Organization (IMO)

Guyana is the latest country to benefit from International Maritime Organization (IMO)’s continuing work to strengthen oil spill response capacity in the Wider Caribbean Region.According to the UN body, Guyanese officials from 28 different government agencies, environmental stakeholders, and local

Norway Cautious on Indian shipbreaking

Image: NGO Shipbreaking Platform

The Council on Ethics of the Government Pension Fund Global (Oil Fund), Norway's $1 trillion sovereign wealth fund (SWF), said that it will turn its attention towards Indian shipbreaking practices.The SWF cautioned that this may well result in further divestments from shipping companies with poor shipbreaking records.

Project NEPTUNES: Noise Control in Port

Pic: World Ports Sustainability Program

Upcoming Project NEPTUNES is set to offer a best practices guide for ports on measuring, labelling and mitigating noise emissions of vessels at ports.Up until today, there is a noticeable absence of any universal measurement protocol for the quantification of noise performance of ships in port. Nor

ICS Updates Flag State Performance Table

Photo: ICS

The International Chamber of Shipping (ICS) has published the latest update of its Flag State Performance Table, which can be downloaded free of charge via the ICS website.The annual update, which is also supported by the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA),

ITC: Houston Petrochemical Blaze Extinguished

File Image: the Houston petrochechemical refining complex (CREDIT: AdobeStock / © Irina K)

Firefighters on Wednesday extinguished a fire at a Mitsui & Co petrochemical storage site outside Houston that has been billowing acrid smoke for days, the company said.The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas, was put out by 3 a.m., but fire crews continued to spray

NYK Secures Japan’s First ESG Loan

Image: NYK

Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK) has entered into a 9 billion yen syndicated loan agreement in which the proceeds will be used solely for the purpose of funding environment-friendly projects."This is Japan’s first syndicated loan to be certified by Japan Credit

Air Quality Monitored as TX Tank Blaze Rages

File Image: an aerial view of the port of Houston petrochemical refining complex. CREDIT: AdobeStock / © Irina K

Houston officials and environmental groups raced to expand air monitoring on Tuesday after a raging fire at a Mitsui & Co petrochemical storage site produced billowing acrid smoke that could be seen and smelled miles away.The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas,

Havyard Delivers Another Battery-Run Ferry

Photo: Stig Breidvik

Havyard delivered the third battery-run ferry for the Hareid–Sulesund route to Fjord1.To ensure that the ferries run as energy efficient as possible, Havyard developed digital ferry models and incorporated them into a ‘digital Sulafjord’ made with unique weather data from the area.

Marine Hybrid quietly arrives … positioned to explode

The Harbor Harvest under construction (CREDIT: Robert Kunkel)

Hybrid is not only here, it is growing, and with that growth it will soon reach far beyond coastal applications.For those who were around for the arrival of Y2K, you will remember the anticipation, preparation and perspiration as the maritime world waited for the failure of communications, navigation,

GIA Expands Membership

Pic: International Maritime Organization (IMO)

The Panama Canal Authority and A.P. Moller – Maersk A/S are the latest entities to join the International Maritime Organization (IMO)-supported Global Industry Alliance to Support Low Carbon Shipping (GIA).According to the UN body, the GIA now has 18 members, including leading shipowners and operators,

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