Japan, South Korea and industry groups oppose EU plan to cut shipping emissions

Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market. As the 27-country EU seeks to steer its economy towards “net zero” emissions by 2050, the executive European Commission wants to expand its carbon …

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Falling Rhine levels add pressure to already weak ULSD, 50ppm gasoil barge markets

Falling Rhine water levels leading to short loadings of barges are adding pressure to already weak ultra-low sulfur diesel and 50ppm gasoil barge markets in Northwest Europe. According to German waterways authority WSV, Rhine water levels at the key chokepoint of Kaub had fallen to 103 cm by 0400 GMT on Nov. 26 from around …

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China’s export trade value rose 11.39% year-on-year in October

In October 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 145.45 points,down 6.01% from the previous month and up 8.58% year-on-year; the export trade index was 164.44 points,down 1.07% from the previous month,an increase of 11.39% year-on-year;the import trade index …

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5th BIMCO Report on the IMSBC Code Amendments entering into force – New Table of Characteristics

BIMCO started reporting from 30 September 2020, a series of articles, informing members of 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. This is the 5th article in the series. Today, BIMCO reports on a new table of physical …

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