The Southeast Asia region is poised for strong economic growth over the next few decades and container shipping can expect to benefit from increased volume demand, according to SS Teo, managing director of Pacific International Lines (PIL).
Singapore Maritime Week (SMW) 2019 was officially launched on Sunday afternoon at Marina Square central atrium by, Khaw Boon Wan, Singapore’s Coordinating Minister for Infrastructure and Minister for Transport.
UBM (Seatrade) and the Singapore Maritime Foundation (SMF), in collaboration with PIER71 (Port Innovation Ecosystem Reimagined @ Block71), are introducing the new Innovation Arena onto the exhibition floor of this year’s edition of Sea Asia.
Energy storage solutions provider Corvus Energy has won an order to supply its energy storage system (ESS) for 20 battery-hybrid RTG port cranes in Chinese ports to help cut emissions.
Despite assurances from fuel suppliers over the availability of compliant fuel to meet IMO 2020 from 1 January next year, industry executives warn that logistics will be a mess and the majority of smaller bunkering ports will not have low sulphur fuel.
As with many other industries, key players in maritime are increasingly spurred on to accelerate innovation and adopt new technologies in a bid to stay ahead of the curve.
The IMO's 0.5% sulphur cap that comes into force on 1 January 2020 and how to comply with it are the hottest topics in the shipping industry today.
As regulations on Greenhouse Gas (GHG) emissions loom for shipping, simply using less fuel will be one way to help meet environmental targets, and also potentially save cost from more expensive low sulphur fuels.