Maritime News

BIMCO Publishes Report on New Cargo Addition To IMSBC Code

The third BIMCO IMSBC code report highlights new cargo that is added to the code, says an article published on their website. 

This is part of a series of articles that BIMCO started reporting from 30 September 2020 in order to inform members about what to expect in the revised International Maritime Solid Bulk Cargoes (IMSBC) Code (Amendment 05-19), which will come into force on 1 January 2021. 

New Cargo Addition

A total of 11 new cargoes have been incorporated into the IMSBC Code. These new...

https://mfame.guru/bimco-publishes-report-on-new-cargo-addition-to-imsbc-code/

IMO Expected To Approve Methanol As Ship Fuel

  • IMO’s MSC expected to approve proposals to include methanol as marine fuel.
  • MSC 102 committee meetings to be held remotely from 4-11 November.
  • Adoption of ethyl and methyl alcohols, fuel cells and low-flashpoint diesel in the IGF Code.

IMO is set to pass a key milestone in developing and regulating methanol as an alternative marine fuel, says an article published in Riviera Maritime Media.

Methanol proposal approval

IMO’s delayed Maritime Safety Committee (MSC) is expected to approve proposals...

https://mfame.guru/imo-expected-to-approve-methanol-as-ship-fuel/

New Policies To Boost Bunkering Industry in China

  • The State Council Information Office of China announced the first 40 policies authorised by the Chinese government.
  • Three policies to boost the shipping industry of Shenzhen have been outlined below.
  • Enterprises legally established in Shenzhen will be allowed to register all their ships in Shenzhen without any restrictions on the foreign shareholding ratio of the enterprise.
  • The government said it plans to optimise entry and exit procedures, extend the time of customs clearance, and abolish...

https://mfame.guru/new-policies-to-boost-bunkering-industry-in-china/

2nd Largest US Oil Company To Unveil Job Cuts

  • Exxon Mobil Corp is ‘very close’ to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts.
  • The second-largest US oil company by market value lost nearly $1.7 billion in the first six months and analysts forecast a third-quarter $1.17 billion loss, according to IBES data.
  • The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness.
  • Exxon has exceeded a target of reducing operating expenses by $1...

https://mfame.guru/2nd-largest-us-oil-company-to-unveil-job-cuts/

IMO Honours 75th anniversary of the United Nations

  • The IMO joins the wider UN family in celebrating the 75th anniversary of the United Nations and its founding Charter, on 24 October.
  • In a statement, IMO Secretary General Kitack Lim emphasised the importance of global solidarity and collaboration as the world faces the COVID-19 pandemic. 
  • He also highlighted the continued commitment of the Organizationto support the aims and ambitions of the sustainable development goals of the United Nations. 

A news report in IMO’s official website says...

https://mfame.guru/imo-honours-75th-anniversary-of-the-united-nations/

UN Climate Change Talks Fall Out Amid Threats Of A Walkout

  • Delegates at IMO failed to agree to targets that would meet the Paris Agreement, as they had originally agreed to do in 2018, a deal the shipping industry hailed as ‘historic’ and which 100 countries had voted on.
  • By projecting such weak enforcement of its own laws into the proposals on GHG emissions for the global shipping fleet, will increase climate risk and push the world beyond the permissible limits.
  • It also increases the chance that the IMO will be broken up into a regional set of...

https://mfame.guru/un-climate-change-talks-fall-out-amid-threats-of-a-walkout/

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