UK Chamber of Shipping’s Post

#Supplychain expert Niels Helles Borgen offers insights on the future impact of Red Sea reroutes and delays, from the immediate rerouting of vessels, to the recalibrations impacting insurance, transit times, and beyond. His perspective and historical comparison in Windward’s latest blog post sheds light on the potential ramifications and shifts within supply chains. Read more here. ⬇️ #RedSea #Maritime

The International Maritime Organization has shot down a request for it to tell the world not to rely on its flawed Carbon Intensity Indicator. Panama, the Bahamas and trade bodies representing shipowners and cruise operators had asked the Marine Environment Protection Committee for a resolution to tell parties including financiers, insurers, charterers, brokers and port state control “that CII is currently within a de facto experience building phase and key elements of the system are interim”. The motion, which was swiftly struck down on the debating floor in London yesterday, said there have been more than 30 submissions to IMO noting problems with the CII — an operational efficiency ranking system. None of these problems have been fixed and some of the submissions not yet debated, the motion said. The widely derided measure has no enforcement mechanism and shipowners moan that it creates perverse incentives, including for ships to sail more in ballast and carry less cargo. Ships spending time in port risks worse rankings, even if they are stopping to install fuel efficiency upgrades. The CII is up for review, which is due to be finished by 2026, and big changes are likely. But financiers and others increasingly rely on CII in its current form, which the sponsors said risks unintended consequences https://lnkd.in/e94BrVFy

Important to read for logistics adaptation and consideration.

It's a countdown! ⏳ A sneak peak of the conversation with Carlo D'Amico, where we talked about maritime #decarbonisation from three perspectives: general, shipping companies, and ports and terminals! 💥 All 3 parts of the conversation 𝐝𝐫𝐨𝐩𝐩𝐢𝐧𝐠 𝐥𝐚𝐭𝐞𝐫 𝐭𝐨𝐝𝐚𝐲 on our 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 👇 🔗 https://lnkd.in/e8VEWHHE

Did you know that your every day activities can directly impact the planet? 🌎 Chief Commercial & Operating Officer of CMA CGM, Cleidy Liborio Fernandes explains how not only the logistics and supply chain industry plays a role in CO² emissions, but how we ALL have a responsibility to protect the environment. #FIUChapman #MSLSCM #FIUDBA

Bulk majors Golden Ocean Group, Genco Shipping & Trading Limited and Navios Maritime Partners L.P. do not see a consensus on green fuels for bulk shipping in the short term. So the chief execs made clear at New York’s Marine Money conference. ”I think in dry bulk, it’s challenging to get dual fuel started. So at least from our point of view, it’s not something that we want to do. It doesn’t make sense. But there are many low-hanging fruits that we are working on across the entire field,” said Peder Simonsen, CFO and interim CEO of Golden Ocean. #shipping #oceanfreight #freight #business #sustainability #energytransition

UNCTAD’s Review of Maritime Transport 2023 calls for a “just and equitable transition” to a decarbonized shipping industry.

As European shipowners align with the EU’s objectives for a greener future, Evina Fotiadou, Policy Advisor for Shipping Policy and Communications at European Community Shipowners' Associations (ECSA), highlights the obstacles hindering the maritime industry’s transition. 💡 Read the whole interview: https://lnkd.in/dPG9Z84Q #sustainability #shipping

"Vessels are affected by various factors beyond their control, such as weather conditions, port delays, charterers’ decisions, congestion problems and security threats. Therefore, their performance cannot be accurately assessed by one simple division," observed Dimitris Monioudis of INTERCARGO. SEEP manager at Dynacom Tankers Management, Ltd., Evangelos Adam, provided examples of why CII is not a real measure of environmental performance. "Smaller vessels spending longer periods in ports or anchorages will have a lower rating since they consume fuel without performing cargo work. In absolute terms, these vessels pollute less, but this is inversely proportional to the CII they can achieve. When a vessel is rated E, it does not necessarily mean it pollutes more; market conditions may have significantly affected its performance," said Mr Adam. "Conversely, because the denominator uses dwt and not the actual cargo carried, if a ship is running unladen and sailing all over the Mediterranean for example, it can achieve an excellent CII despite high pollution," he added.

🚢✨ Dive into the current bunkering trends of container shipping. From MSC's pivotal role to the resurgence of HSFO, explore the trends shaping the maritime landscape. Read more now: https://lnkd.in/d2RCPzND #containershipping #scrubbers #maritimeinnovation #bunkerfuel #trends 🌊🔍