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Tuesday, 07 January 20
CLEANER AIR IN 2020: 0.5% SULPHUR CAP FOR SHIPS ENTERS INTO FORCE WORLDWIDE - EUROPEAN COMMISSION
 From 1 January 2020, the maximum sulphur content of marine fuels is reduced to 0.5% (down from 3.5%) globally – reducing air pollution and protecting health and the environment. Sulphur Oxide (SOx) emissions from ships’ combustion engines cause acid rain and generate fine dust that can lead to respiratory and cardiovascular diseases, as well as reduced life expectancy.
Commissioner for Transport Adina Vălean said: “Maritime transport is a global business, and reducing its emissions requires global solutions. The entry into force of the global sulphur cap is an important milestone for the entire maritime sector; it will contribute to further reduce emissions of harmful air pollutants, directly benefiting cities and communities around the globe, including important ones on our Southern European shores. It also shows that concerted effort from the EU and the IMO, together with strong commitment from the industry can deliver important benefits to the environment and the health of our citizens.”
Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevičius added: “The European Green Deal is set to deliver on a zero-pollution ambition for both climate neutrality and a toxic-free environment. This EU ambition protects our citizens’ well-being, but also ensures healthy and clean environments, seas and oceans within a carbon-free and sustainable blue economy where all sides jointly engage, including maritime transport. We welcome low sulphur standards globally and in Emission Control Areas so that more EU coastal citizens can breathe clean air.”
EU’s low sulphur approach as international example
Since 2012, the EU has taken firm action to reduce the sulphur content of marine fuels through the Sulphur Directive. In 2016, the International Maritime Organization (IMO) maintained 2020 as entry-into-force date of the global 0.5% sulphur cap.
Moreover, in some very fragile ecosystems such as the Baltic Sea and the North Sea – designated as ‘Sulphur Oxides Emissions Control Areas’ (SECAs) – the maximum sulphur content has been reduced to 0.10%, already in 2015. Such stricter sulphur limits have more than halved sulphur dioxide concentrations around SECAs, bringing health benefits to people in coastal regions and ports, while the overall economic impacts on the sector remained minimal.
Next steps on sustainability in shipping
Based on the successful implementation of the Emission Control Area (ECA) limits, the introduction of the global sulphur limit is expected to bring similar results. The EU is also actively working in the context of the Barcelona Convention, on the possible future designation by the IMO of ECAs in other EU waters such as in the Mediterranean Sea.
The EU has strived for an active role in tackling maritime emissions more generally, both at home and globally. In 2018, the IMO agreed to reduce greenhouse gas emissions from shipping by at least 50% by 2050. The EU and its Member States played an instrumental role in brokering and securing the deal for the sector, which currently represents 2-3% of global CO2 emissions. Discussions are already ongoing at the IMO to translate this deal into concrete measures.
To tackle plastic pollution within our oceans, the EU adopted new rules on port reception facilities, making sure that waste generated on-board ships or fished at sea is collected and treated in ports.
The EU is also working with the IMO to address concerns regarding discharge waters from after-treatment systems used by ships. The objective is to ensure full sustainability of those systems, possibly by setting stricter and uniform legislative requirements.
In addition, the European Green Deal, presented by the President of the Commission Ursula von der Leyen in December 2019, sets out further action to make shipping more sustainable such as the extension of the European emissions trading to the maritime sector.
Background
Maritime transport has a direct impact on air quality in many European coastal cities. Exhaust gases from ships are a significant source of air pollution, including through sulphur oxide emissions resulting from the burning of fuel oil. Sulphur oxides are harmful to the human respiratory system and make breathing difficult.
Ships traditionally use fuel oils for propulsion, which can have a sulphur content of up to 3.50 %. For comparison, the sulphur content of fuels used in trucks or passenger cars must not exceed 0.001 %. The 2012 Sulphur Directive which was revised in 2016, reduced SOx emissions by setting maximum sulphur content levels for marine fuels and incorporated new standards set by the International Maritime Organisation into EU law both inside regionally protected areas and outside of those.
Source: European Commission
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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
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- ICICI Bank Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
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