1. EU parliament rejected proposal to upgrade the ETS – not ambitious enough
The European Parliament unexpectedly rejected a proposal to upgrade the European Union’s Emissions Trading System on Wednesday. MEPs argued that it failed on climate ambition. Shipping inclusion does not seem to be questioned.
The unexpected rejection seems to be caused by disagreements over climate ambitions. A main disagreement concerned the share of quotas and the emissions reduction targets in the system. According to current reports the inclusion of shipping into the ETS does not seem to have raised major debates, despite that the European Parliament’s environmental committee (ENVI) some weeks ago voted to speed up the inclusion. https://cyprusshippingnews.com/2022/06/11/eu-parliament-rejected-proposal-to-upgrade-the-ets-not-ambitious-enough/
2. Port of Long Beach joins the Green Shipping Corridor
First announced in January by C40 Cities, the ports of Shanghai and Los Angeles, and key maritime stakeholders, this Green Shipping Corridor will be a big step toward decarbonizing shipping between the busiest ports in China and the United States. C40 Cities is a network of the world’s leading cities that are working to deliver the urgent action needed to confront the climate crisis and create a future where everyone, everywhere can thrive. https://cyprusshippingnews.com/2022/06/11/port-of-long-beach-joins-the-green-shipping-corridor/
3. MOL to start Sea Trials of Panamax Bulk Carrier powered by Biofuel
MOL has signed a deal for biofuel supply with Chevron Singapore , and about 500 tons of ISCC certified biofuel will be bunkered on the vessel at Port of Singapore. The biofuel supplied by Chevron Singapore is blended with Used Cooking Oil Methyl Ester as a 20% to 24% component in the VLSFO. This biofuel can be used on vessels without changing engine specifications and is expected to decrease approximately 15% to 20% of exhausted CO2based on lifecycle analysis https://cyprusshippingnews.com/2022/06/11/mol-to-start-sea-trials-of-panamax-bulk-carrier-powered-by-biofuel/
4. 2050 not achievable without Carbon Capture says ABS Chairman, President and CEO
“Carbon capture is going to be a key transformational technology for shipping to achieve net zero emissions by 2050. It will be critical to addressing the challenge before us, which is the sheer gradient of the curve. At the moment we can only see the outline of a solution to get us to 2050. But it is clear already that net zero cannot realistically be delivered without efficient carbon capture and storage technology.” https://cyprusshippingnews.com/2022/06/11/2050-not-achievable-without-carbon-capture-says-abs-chairman-president-and-ceo/
5. Posidonia stereotypes
As in: “Piers mate, it’s Jonno – you up for a spot of Lunchidonia at the Margi?” Often used to justify the hours between 1pm to 5pm as a business meeting. Requires a table in the permanent shade and yet sunglasses to be warn at all times. Lobster, sourdough and overly garlic tzatziki to soak up the free flow vino. Others may join as the afternoon wears on. https://splash247.com/posidonia-stereotypes/
6. American Shipping Company clinches long-term employment for tanker pair
Aker-dominated owner of Jones Act compliant tankers, American Shipping Company (AMSC) has struck a long-term bareboat charter deal for two of its vessels with US tanker operator Keystone Shipping. The charters will begin in December of this year and last for a minimum of three years. The deals are secured by back-to-back time charters of the same duration between Keystone and a major US-based oil and refinery group. https://splash247.com/american-shipping-company-clinches-long-term-employment-for-tanker-pair/
7. Update: Spirit of Norfolk Fire Is Extinguished And Is Towed To Shipyard
NORFOLK, Va., USCG–The Unified Command for the Spirit of Norfolk fire response confirmed that, as of 9:58 a.m. Saturday, the fire aboard the vessel was extinguished.
Crews completed dewatering efforts, conducted final surveys and assessed the ship’s stability to ensure the vessel was safe to tow. Divers inspected the hull and sealed off access points so no more water would enter. https://gcaptain.com/update-spirit-norfolk-fire-extinguished-towed-shipyard/
8. DHL Warns Supply Chain Won’t Recover to Pre-Covid Days in 2023
Port congestion should ease next year as new container vessels are delivered and demand from shippers softens from pandemic highs, but not enough to restore global supply-chain flows to where they were before Covid, according to the head of DHL’s freight-forwarding unit. https://gcaptain.com/dhl-warns-supply-chain-wont-recover-pre-covid-days-2023/
9. Adriatic LNG starts auction for 2022 Open Season
LNG, operator of Italy’s biggest LNG regasification terminal, has launched the accreditation phase for the Open Season 2022 for operators interested in participating in the auction sessions for regasification capacity between October 2022-December 2047
The Open Season is offering up to 147 billion cubic metres per year (bcm/y) in regasification capcity and is an opportunity to increase national and European imports of LNG while diversifying gas supply sources. https://www.rivieramm.com/news-content-hub/adriatic-lng-starts-auction-for-2022-open-season-71514
10. How new EU sanctions on Russia will shake up global energy trade
The Ukraine-Russia war has already shaken up global energy markets. Sanctions finalized Friday by the EU will shake them up a lot more — not only for the tanker industry but also for American diesel and gasoline consumers. The EU is a vastly larger buyer of Russian petroleum than the U.S., which banned imports from Russia in early March. The new EU sanctions will end Europe’s imports of Russian seaborne crude by Dec. 5 and refined products by Feb. 3, 2023. https://www.shippingtribune.com/news/shipping/How+new+EU+sanctions+on+Russia+will+shake+up+global+energy+trade
