Maritime Vessels Directory

The CEO of container shipping giant MSC highlighted the importance of working together to achieve net decarbonization in a digital keynote speech at DNV’s ‘Fuel of the Future Conference’ on January 11, as part of the annual Nor-Shipping convention.In his speech, Soren Toft explained MSC’s views on the status of decarbonization in the container shipping sector, summarized how the company is approaching this challenge and commented on how everyone must move forward together in collaboration to tackle climate change.As shipping volumes have grown over the years, so have the environmental emissions produced as a by-product of delivering goods around the world.

New Zealand Water Ship Unloads in Tonga

2 days ago

Life-saving water supplies from a New Zealand navy ship were distributed across Tonga's main island on Friday, as other countries battled the logistics of delivering aid to one of the world's remotest communities.Six days after the South Pacific archipelago was devastated by a volcanic eruption and tsunami that deposited a blanket of ash and polluted its water sources, the HMNZS Aotearoa docked in the capital, Nuku’alofa.The ship carried 250,000 liters of water and desalination equipment able to produce 70,000 litres more per day, New Zealand's High Commission said."Trucks ... have begun collecting and delivering water supplies from Aotearoa," the Commission said on its Facebook page.

Royal Dutch No More: Shell Officially Changes Name

2 days ago

Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain."Shell announced the Board's decision to change its name to Shell plc on December 20, 2021. This change has now taken effect," Shell said in a filing.The London and Amsterdam stock exchanges will reflect the name change on Jan. 25 while the New York Stock Exchange will follow on Jan. 31.The change will not affect share ownership and the A shares and B shares will remain unchanged for the time being, Shell said.

Peru Oil Spill Declared an Environmental Emergency

2 days ago

Peruvian President Pedro Castillo declared an environmental emergency on Thursday as clean-up teams struggled to contain a huge oil spill at the country's biggest refinery, after rogue waves rocked a ship unloading crude there.The spill, blamed on unusual swells caused by a volcanic eruption thousands of miles away in Tonga on Sunday, has dirtied waters and beaches along Peru's Pacific coast, with dead birds and seals washing up on shore."We are at a critical moment in environmental matters," said Castillo, before signing the emergency decree on one of the beaches hit by the spill. "This is the most worrying ecological disaster on the Peruvian coast in recent times.

How a Russian-Ukraine Conflict Might Hit Global Markets

2 days ago

A potential invasion of Ukraine by neighboring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe have assets.Below are four charts showing where a potential escalation of tensions could be felt across global markets:Safe havensInflation at multi-decade highs and impending interest rate rises have made for a bad month for bond markets, but an outright Russia-Ukraine conflict could change that.Two-year U.S. Treasury yields have seen the biggest monthly jump since 2016 and 10-year rates appeared headed for the key 2% level. In Germany, 10-year yields rose above 0% for the first time since 2019.

Maritime Reporter and Engineering News (January 2022)