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☆ World's first-ever global emissions tax takes a step closer to reality
▼ + stars: | 2024-03-22 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Ucg | Universal Images Group | Getty ImagesTwo weeks of talks at the United Nations shipping agency concluded in London on Friday, with a clear majority of countries emerging in favor of introducing the world's first-ever global emissions levy. The UN is on the edge of adopting the world's first-ever global emissions price, but the policy will only be as successful as countries make it to be. "The UN is on the edge of adopting the world's first-ever global emissions price, but the policy will only be as successful as countries make it to be," said Sandra Chiri, shipping emissions international outreach manager at the Ocean Conservancy, a U.S.-based advocacy group. Other proposals include a push to combine a price on shipping emissions with an international emissions standard for maritime fuel.

Persons: Sandra Chiri, Chiri, Gregor Fischer Organizations: United Nations, International Maritime Organization, Ucg, Getty, UN, Ocean, Ocean Conservancy, EU, Marshall Locations: London, Caribbean, U.S, Pacific, Africa, Canada, decarbonize, Fiji, Marshall Islands, Vanuatu, Barbados, Jamaica, Grenada, Belize

☆ Crunch time for Brazil ports as coffee flow hit, sugar vessels delayed
▼ + stars: | 2023-10-19 | by ( Marcelo Teixeira | ) www.reuters.com time to read: +2 min

FILE PHOTO: Ships and warehouses containing grains and sugar are seen at TIPLAM (Integrator Port Terminal Luiz Antonio Mesquita) from VLI Multimodal S.A. at Santos port, in Santos, Brazil May 25, 2023. “We hear some vessels are delayed even 25-27 days,” said sugar industry consultants CovrigAnalytics in a note on Thursday. The line-up of vessels to load sugar in Brazil rose nearly 40% in the last week to around 4.2 million metric tons, 25% more than at the same time last year. About 90 vessels are available at the ports to load sugar. Buyers are already expecting delays, said a director at one of the largest sugar exporters in Brazil.

Persons: Antonio Mesquita, Amanda Perobelli, Williams, “, ”, CovrigAnalytics Organizations: Reuters, REUTERS, Shipping, ING, Santos Locations: Santos, Brazil, New York

Ships and warehouses containing grains and sugar are seen at TIPLAM (Integrator Port Terminal Luiz Antonio Mesquita) from VLI Multimodal S.A. at Santos port, in Santos, Brazil May 25, 2023. Raw sugar is usually shipped in bulk, while refined sugar uses containers. ING analysts said some sugar shipments scheduled to depart Brazil in October will likely be pushed to November. A director at one of the largest sugar exporters in Brazil said, however, that buyers were already expecting the delays. The forecast is for only light rains in the coming days at Santos, with heavier downpours expected from Oct. 28.

Persons: Antonio Mesquita, Amanda Perobelli, Williams, Marcelo Teixeira, Jamie Freed Organizations: REUTERS, Shipping, ING, Santos, Thomson Locations: Santos, Brazil, New York

☆ Forest fire shuts down Turkey's Dardanelles Strait for maritime traffic
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

ANKARA, Aug 22 (Reuters) - Maritime traffic from the Aegean Sea to the Sea of Marmara has been suspended due to the ongoing forest fire in the Turkish northwestern province of Canakkale, the transport ministry and a shipping agency said on Tuesday. "The traffic at Dardanelles was suspended for both directions on Tuesday at 18:45 (1545 GMT) hours due to the aircraft intervening in the forest fire in the region by safely taking water from the sea," Tribeca shipping agency said. The Dardanelles Strait, a narrow and historically significant passage connecting the Aegean Sea to the Black Sea, serves as a vital shipping route for vessels travelling between Europe and Asia. "Tugboats are prepared to intervene if the fire approaches the seafront, providing additional support to the ongoing firefighting operations," the Transport Ministry said in a statement. Reporting by Ece Toksabay Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Berkrot Organizations: Tribeca, Transport Ministry, Thomson Locations: ANKARA, Marmara, Turkish, Canakkale, Dardanelles, Europe, Asia

FRANKFURT/LONDON, July 26 (Reuters) - German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. At Kaub , the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week. ARTERY OF THE ECONOMYThe impact of low water levels is not limited to big business. But logistics firms are benefiting from rising demand for vessels adapted to lower river levels. "We expect, due to climate change, that the extremes on the river Rhine will happen more often," said Maickel Uijtewaal, general manager at Stolt-Nielsen (SNI.OL).

Persons: Uwe Arndt, Barbara Hoyer, majeure, Roberto Spranzi, Maickel Uijtewaal, Steffen Bauer, Christoph Steitz, Vera Eckert, Ludwig Burger, Patricia Weiss, Rene Wagner, Nette, Tom Kaeckenhoff, Matthias Inverardi, Vincent Flasseur, Barbara Lewis Organizations: Federal Waterways, Shipping Agency, Reuters Graphics, Cologne, BASF, Reuters Graphics Reuters, Kiel Institute, Deutsche Bank, Reuters, Stolt, Nielsen, HGK Shipping, Daniels, Midland Co, Chemicals, Thomson Locations: FRANKFURT, LONDON, Kaub, Europe, Reuters Graphics Germany, Ludwigshafen, HGK, Frankfurt, Berlin, Duesseldorf, London

☆ Russia warns ships in Black Sea, Ukraine to create temporary grains export route
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +5 min

Ukraine said on Wednesday it was establishing a temporary shipping route via Romania, one of the neighbouring Black Sea countries. Russia's Defence Ministry said flag states of ships travelling to Ukrainian ports would be considered parties to the conflict on the Ukrainian side from midnight Moscow time (2100 GMT on Wednesday). U.S. officials have information indicating Russia laid additional sea mines in the approaches to Ukrainian ports, said White House National Security Council spokesperson Adam Hodge. "We believe that this is a coordinated effort to justify any attacks against civilian ships in the Black Sea and lay blame on Ukraine for these attacks," he said. Russian President Vladimir Putin accused Western countries of "perverting" the U.N.-backed deal formally called the Black Sea Grain Initiative.

Persons: West, Vasyl Shkurakov, Volodymyr Zelenskiy, Adam Hodge, Vladimir Putin, Putin, Valery Shershen, Grant McCool, Stephen Coates Organizations: Ukrainian Coast Guard, Operational Command, Putin, International Shipping Organization, United, Sunday, Russia's Defence Ministry, White, National Security, Monetary Fund, Russian, Reuters, Pentagon, Ukraine, European Union, Thomson Locations: Izmail, Odesa, Ukraine, Moscow, Russia, Romania, United Nations, Turkey, Ukrainian, Russian, Africa, Asia, China, Azov, Crimea, Washington, Brussels, European

☆ A shipping emissions showdown stands in the way of one of the biggest climate deals of the decade
▼ + stars: | 2023-06-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

The IMO is expected to update its current target of halving shipping emissions by 2050, from 2008 levels, but many are concerned about the maritime regulator's appetite to embrace interim targets. There is a lot of outside pressure pushing on the IMO because it is the climate negotiation of the summer. Gregor Fischer | Getty Images News | Getty ImagesIf stringent abatement measures are not implemented, the IMO has warned that shipping emissions could jump by up to 50% by mid-century. The 1.5 degrees Celsius goal is recognized as a crucial global target because beyond this level, so-called tipping points become more likely. Stefan Rousseau - Pa Images | Pa Images | Getty ImagesAsked which delegates were likely to seek to block calls for tougher climate targets, Maggs replied, "I think there are, of course, the usual suspects.

Persons: Aoife O'Leary, Opportunity Green John Maggs, Maggs, Gregor Fischer, General Kitack Lim, " Lim, Stefan Rousseau Organizations: International Maritime Organization, Getty, Environment, Opportunity, Clean Shipping Coalition, CNBC, United, Chamber of Shipping, Associated Press, ICS Locations: London, decarbonize, Paris, Germany, Russia, Saudi Arabia, United Arab Emirates, Argentina, Brazil, India

☆ Ship traffic to resume in Bosphorus Strait after suspension
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: 1 min

ISTANBUL, April 30 (Reuters) - Ship traffic in Turkey's Bosphorus Strait is set to resume for southbound vessels as of 1840 GMT on Sunday, after a suspension due to an engine failure on one ship, the Tribeca shipping agency said. According to a report shared by the agency earlier on Sunday, the Turkish-flagged ship Ilyas Konan had an engine failure during its passage through the strait and dropped anchor. Reporting by Ezgi Erkoyun; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Spain calls for tougher enforcement of oil transfers at sea
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

MADRID, March 31 (Reuters) - Spain has called for tighter scrutiny of oil transfers involving tankers at sea as the number of unregulated ships hit by sanctions grows and raises pollution risks, a U.N. agency session heard this week. Spain's Mediterranean and Atlantic coastlines have become hubs for shipping activity including the transfer of oil known as ship-to-ship (STS) operations. Madrid, which has already tightened its rules for STS transfers around its coastline, has called for flag states to step up scrutiny and enforcement of such activity, the source added. A paper submitted to the IMO committee by Australia, the United States and Canada said illicit transfers "undermine the rules-based international order". The IMO committee said the shadow tankers "posed a real and high risk of incident" particularly when engaged in STS transfers.

☆ Insurers count the cost of ships snagged in Ukraine crisis
▼ + stars: | 2023-02-24 | by ( Jonathan Saul | ) www.reuters.com time to read: +4 min

Curtailed shipments from major grain exporter Ukraine played a role in the resulting global food crisis. According to shipping and insurance industry assessments, there are still between 40 and 60 ships stranded, and ship owners can claim a total loss for vessels stuck for a year from their insurers. A senior industry source said exposure for the ships currently stuck was estimated at $500 million. "The liabilities for those people who have ships stuck there, to get those ships out - it’s a real headache." "There is going to be some form of constructive agreement I suspect, but then that owner will have to buy war risk insurance all over again."

☆ Shipping containers ablaze at Turkey's Iskenderun Port, operations halted
▼ + stars: | 2023-02-07 | by ( Antony Paone | ) www.reuters.com time to read: +3 min

ISKENDERUN, Turkey, Feb 7 (Reuters) - Hundreds of shipping containers were ablaze at Turkey's Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to divert vessels to other ports. Leading global container shipping group AP Moller Maersk said there had been significant damage to logistics and transport infrastructure around the earthquake epicentre, including at the Port of Iskenderun. We are currently planning to divert containers to nearby hubs within operational feasibility or hold at transhipment ports - including Port of Mersin (in Turkey) and Port Said (in Egypt)," it said. [1/3] Smoke rises from burning containers at the port in the earthquake-stricken town of Iskenderun, Turkey, February 7, 2023. German container shipping line Hapag Lloyd said it was taking shipments from Mersin given the closure of Iskenderun.

☆ Turkey oil pipelines undamaged, flows continue after quake -official
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

ANKARA, Feb 6 (Reuters) - There is no damage to the Kerkuk-Ceyhan pipeline carrying oil from Iraq to Turkey, or to the Baku-Tbilisi-Ceyhan pipeline, and oil flows are continuing on both after a major earthquake hit Turkey, an energy official told Reuters on Monday. However, operations at the Ceyhan oil terminal in southern Turkey were suspended, the Tribeca shipping agency said, adding that an emergency meeting was being held on the issue. The magnitude 7.8 quake struck southern Turkey and northwest Syria early on Monday, killing more than 500 people and injuring hundreds as buildings collapsed across the region, triggering searches for survivors in the rubble. Earlier state pipeline operator BOTAS said natural gas flows were halted to Gaziantep, Hatay and Kahramanmaras provinces and some other districts as a result of damage to a gas transmission line. Reporting by Orhan Coskun and Can Sezer; writing by Daren Butler; editing by Jonathan Spicer and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Ship traffic to resume at Turkey's Dardanelles Strait after brief suspension
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: 1 min

ISTANBUL, Jan 27 (Reuters) - Ship traffic at Turkey's Dardanelles Strait is set to resume after a brief suspension due to a vessel's engine failure, the Tribeca Shipping Agency said on Friday. Northbound traffic will resume at 1500 GMT and southbound traffic will resume at 1545 GMT, it said. Traffic was suspended in both directions at 1335 GMT. The vessel whose engine failed was proceeding to the strait exit with two tug escorts, it said in an earlier not. Reporting by Can Sezer; Writing by Ali Kucukgocmen; Editing by Alex Richardson and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Bulk carrier Glory ran aground in the Suez Canal on Monday morning, according to shipping agency Leth, which said efforts to refloat the vessel were underway. An employee of the Suez Canal Authority, who could not be named as the news had not been officially announced, told CNBC that other ships in the canal were still able to pass the grounded Glory by around 7:30 a.m. London time. Arabic news channel Al-Arabiya cited Osama Rabie, chairman of the Suez Canal Authority, as saying that the ship had run aground but was being floated, according to a Google translation. The Suez Canal is one of the world's most important waterways, with its 120 miles hosting 30% of global shipping container traffic and 12% of all global trade worth about $1 trillion annually. In March 2021, a massive 220,000-ton tanker called Ever Given got stuck across the Suez Canal for six days, causing its longest-ever closure due to a ship and holding up some $60 billion of trade."

[1/6] Commercial vessels, including oil tankers, wait at an anchorage in the Black Sea off Kilyos near Istanbul, Turkey, December 9, 2022. A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said on Friday. Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked appropriate insurance letters. A shipping source said four of the tankers waiting to cross the Dardanelles were scheduled to go on Saturday with tug escorts. Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean.

☆ Twenty oil tankers wait to cross Istanbul's Bosphorus Strait -shipping agency
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

ISTANBUL, Dec 9 (Reuters) - One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up. On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks. Eight tankers were also waiting for passage through the Dardanelles strait into the Mediterranean, down from nine a day earlier, Tribeca said, making a total of 28 tankers waiting for southbound passage. It requires vessels to provide proof of insurance covering the duration of their transit through the Bosphorus strait, or when calling at Turkish ports. Reporting by Daren Butler and Can Sezer; Editing by Himani Sarkar and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ G7 oil price cap not to blame for Turkey tanker queues, EU says
▼ + stars: | 2022-12-09 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

The queues have coincided with the introduction of a plan this week by G7 countries and the European Union to stop insurers from helping to export Russian oil by ship unless it is sold at a capped price, in an attempt to reduce Moscow's oil revenues. "This situation is not due to the G7 oil price cap, since there is, in any case a 45-day wind-down period for seaborne Russian crude oil purchased before 5 December," a European Commission spokesperson told Reuters in emailed comments. The Commission spokesperson said that after this transition period, Turkish authorities can continue to verify the insurance policies of tankers in "exactly the same way as before". "We are therefore in contact with the Turkish authorities to seek clarifications and are working to unblock the situation," the spokesperson said. On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks.

☆ Number of oil tankers waiting at Bosphorus rises by five - Turkish agency
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

ISTANBUL, Dec 8 (Reuters) - The number of oil tankers waiting in the Black Sea to cross Istanbul's Bosphorus strait on the way to the Mediterranean rose by five to 16 on Thursday, a shipping agency said, amid talks between Western and Turkish officials on steps to resolve the tanker queues there. A British Treasury official has said those talks were happening after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports. But a separate Turkish measure in force since the start of the month has caused a logjam, requiring vessels to provide proof they have insurance covering the duration of their transit through the Bosphorus strait or when calling at Turkish ports. The Tribeca shipping agency named five new tankers longer than 200 metres waiting north of the Bosphorus strait to cross southbound towards the Mediterranean Sea, in addition to the 11 named a day earlier. At the Dardanelles strait further south, nine tankers were waiting to cross southbound, down from 12 a day earlier, the agency said.

☆ Factbox: Why are oil tankers stuck in Turkish waters?
▼ + stars: | 2022-12-08 | by ( Jonathan Saul | ) www.reuters.com time to read: +5 min

LONDON, Dec 8 (Reuters) - Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure". The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil. Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean. Ships typically have protection & indemnity (P&I) insurance, which covers third party liability claims including environmental damage and injury. Turkish authorities introduced new requirements, which came into effect at the beginning of December, in which every ship must have P&I insurance cover in place for all circumstances when sailing through Turkish waters or when calling at ports.

Nine vessels totaling 606,540 tonnes of Brazilian corn were set for sail to China this month, according to Tuesday’s shipping lineup from Williams Shipping Agency. Phytosanitary requirements prevented China from importing much corn from Brazil before last month, when Beijing approved several Brazilian corn traders for export. China’s remaining U.S. corn balance is thin, with unshipped 2022-23 sales at 1.8 million tonnes as of Nov. 24. Exporter association Anec on Wednesday pegged Brazil’s December soy exports at 1.7 million tonnes, below the five-year average of 2.5 million. China and unknown destinations, frequently assumed to be China, purchased 1.9 million tonnes of U.S. soy in the week ended Nov. 10.

☆ Oil tankers are getting stuck in the Black Sea. That could become a problem
▼ + stars: | 2022-12-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

A further nine tankers were waiting to cross southbound from the Sea of Marmara through the Dardanelles strait into the Mediterranean. The snag is linked to a Western price cap on Russian oil that came into effect on Monday. Countries including Russia, Kazakhstan and Azerbaijan use the Turkish straits to get their oil to world oil markets. The traffic jam in the Turkish straits arose following the imposition this week of the price cap on Russian oil. Turkish officials say this position is “unacceptable” and on Thursday reiterated demands for letters from insurers.

☆ Oil tankers queuing to transit Turkish straits face more delays - sources
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

Companies Ingosstrakh SPAO FollowISTANBUL, Dec 6 (Reuters) - At least 20 oil tankers queuing off Turkey to cross from Russia's Black Sea ports to the Mediterranean face more delays as operators race to adhere to new Turkish insurance rules added ahead of a G7 price cap on Russian oil, industry sources said. The new rule was announced before a $60 per barrel price cap was imposed on Russian seaborne crude this week, Western insurers are required to retain proof that Russian oil covered is sold at or below that price. Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean. Tribeca shipping agency said nine oil tankers were waiting to transit the Dardanelles southbound on Tuesday. The only tanker passing the straits after the deadline, Vladimir Tikhonov, was insured by Russia's Ingosstrakh (INGSI.MM), the source added.

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