Industry Developments

Industry Developments

Dry bulk shipping is riding the waves of industry developments, facing at the same time its own particular challenges. Time-wise these span from the imminent to longer-term ones.

In the immediate to short-term, we see the BWM (Ballast Water Management) Convention coming into force in September, and the emissions EU MRV (Monitoring, Reporting, and Verification) obligations starting August. The bunkers 0.5% Sulphur Cap has also become a short-term issue with its practically ‘tomorrow’ implementation in  2020.

IMO will soon be discussing in more detail the Greenhouse Gas Emissions roadmap, with MBMs (Market Based Measures) possible as medium-term solutions for energy & environmental sustainability. At the same time, EEDI (Efficiency Design Index) will be moving to a next phase, while the industry will embrace new construction standards, and the science of "liquefaction" will advance, improving cargo transportation safety. New technologies & digitalisation will be adopted, with the emerging themes of remote connectivity, big data, and robotics, as the Smart ship concept develops along with the associated cyber risks.

In the longer-term,  we will see new fuels, propulsion & powering, and materials innovations getting implemented, and further down the timeline even Artificial Intelligence and autonomous ships.

The above will be shaping the supply side, against a new demand landscape, after China’s current economic transformation is followed by new growth drivers, such as the One Belt One Road initiatives connecting East-to-West.

INTERCARGO touches upon all of the above developments, - as safety, operational and environmental challenges are faced with an evolving regulatory framework - the latest one being autonomous ships (see our IMO MSC 98 outcome brief), so do stay tuned and actively participate to the Secretariat’s activities -  and non-Members consider joining us!

(see also latest/indicative links about BWM, 0.5% Sulphur Cap, Greenhouse Gas Emissions, MRV, Construction standards, EEDI, Cyber riskspropulsion & powering, One Belt One Road).

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Dr Kostas G. GKONIS, INTERCARGO Secretary General

THIS WEEK’S HEADLINES SELECTED BY INTERCARGO

Shipping associations propose to IMO aspirational objectives for cutting CO2 emissions

 

BIMCO, Intercargo, International Chamber of Shipping and Intertanko have made a joint proposal to the International Maritime Organization, with goals to substantially reduce CO2 emissions in the global shipping sector. https://lloydslist.maritimeintelligence.informa.com/LL108818/Shipping-associations-propose-to-IMO-aspirational-objectives-for-cutting-CO2-emissions

ICS urges IMO to finalise BWM implementation dates

ICS says that IMO decision on BWM implementation dates at forthcoming MEPC 71, will be critical, having significant implications for around 40,000 existing ships and urges IMO to back a carefully crafted proposal, from a broad coalition of governments. ICS supports that a pragmatic proposal, from a broad coalition of governments. http://www.green4sea.com/ics-urges-imo-finalise-bwm-implementation-dates/

The INTERCARGO Secretariat is pleased to communicate the attached open article on Ballast Water Management, providing our insights on the current relevant developments that are of major concern to the shipping community and especially to INTERCARGO members.

Re-publication / sharing in other media is welcome, citing the source and kindly notifying us at This email address is being protected from spambots. You need JavaScript enabled to view it.

Attachments:
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Download this file (INTERCARGO_BWM_article_04_2017.pdf)INTERCARGO_BWM_article_04_2017.pdf 266 kB16-May-2017

On the 29th March 2017, DNV GL arranged a Bulk Carrier related seminar in London during which, the following presentations were delivered:

  • Update and Outlook of the Bulk Carrier market - Morten Lovstad, DNV GL
  • Chinese Newbuildings - Wei Gao, DNV GL

Both presentations can be found below (member login required)

 

 

INTERCARGO members and guests had the opportunity to attend a very interesting presentation on the Righship Qi Predictive Model delivered by Warwick Norman, CEO of RightShip. The presentation provided much attended and very useful clarifications and insights to Qi.

The presentation was delivered in the context of the INTERCARGO meetings in Hong Kong on 6-7 March 2017 (see relevant article here) during the Presentations afternoon session on the second day.
Members please login to access the full presentation attached.