News Bulletin – 6th October 2018

1. Women need courage to succeed in maritime industry.

5 October 2018 : The President, Women’s International Shipping and Trading Association (WISTA), Mary Haman, has charged females wishing to come into the maritime industry to be courageous if they must be successful. In an interview with Vanguard Maritime Report, Haman noted that the reason why young and upcoming female seafarers should work with courage in the industry is to overcome fear and doubt.

Using the Managing Director of NPA, Mrs Hadiza Bala, as example of a courageous woman in the industry, she commended her for inspiring such courage among other female maritime workers, adding that though she hadn’t been in the industry for long, she could equip herself very fast thereby giving no room for intimidation from whomever. In her words: “She gives us courage, because she has not always been in the maritime industry and she learned the work very fast.

This is because she groomed herself, she makes sure she got to know what is there so if Hadiza can do it as young as she is as the managing director of NPA, it means anybody can come and do it if you are focused, you can aspire to be the head of any industry in the maritime.”

2. India must reform maritime training to raise its seafarers supply as part of sustainability goals. 

5 October 2018 : India’s Maritime Administration must initiate major regulatory reforms for maritime training and education sector to calibrate its sea-faring supply side mechanism as countries with smaller population has out-stripped India in the supply of seafarers and marine officers.

According to a white paper issued by Maritime Association of Nationwide Shipping Agencies (MANSA) states, “Unless issues relating to the sustainability of the quality of maritime education and training are sorted out, the goal of taking the Indian Maritime Education to the next level will be a distant dream. To retain the lead, India will have to take concerted efforts to establish rigorous training and education standards to keep path with international level.

The white paper with the theme India’s approach towards United Nations’ Sustainable Development Goals was issued as part of MANSA’s 40th annual general meeting. UN has set 17 sustainable development goals to get rid of poverty, hunger and safe from the worst effects of climate change.

Taking over the reins as the new President, Captain Amit Wason expressing his humbleness, said, “It is not an easy task for me to step into the shoes of Captain Anand. But with the support of experienced veterans including Hiren and Vijay and the entire executive committee, I look forward to taking the unfinished agenda to its logical conclusion in the larger interest of our members and the entire stakeholders.”

3. Shipping Must Rise to the Biggest Technology Challenge in 100 Years.

5 October 2018 : The shipping industry must rise to the biggest technology challenge in 100 years in order to meet its decarbonization ambitions, a group of 34 maritime CEOs and industry leaders stressed in a call for action towards a new decarbonized future.

The CEOs support the International Maritime Organization’s (IMO) climate strategy to reduce the total greenhouse gas emissions by at least 50% by 2050.

In order to achieve this, the maritime industry needs to accelerate both technological and business model innovation, further improve operational and technical energy efficiency, and transition to zero-carbon fuels and new propulsion systems, the call for action states.

The signatory CEOs believe that a shift to a low-carbon economy by 2050 has the potential to create new opportunities for business through both technological and business model innovation. However, regulations should provide long-term certainty for financiers, builders, owners and charterers to make the required investments in low-carbon technologies. There is also a need for transparency to help drive change, the CEOs said.

4. Cleaner shipping fuel regulation presents opportunities for Middle East ports.

5 October 2018 : Nineteen months. That is how long the world’s oil and shipping markets have left to adjust to the International Maritime Organisation’s (IMO) ruling to reduce the sulphur cap from 3.5% to 0.5% at the start of 2020. The change will be immense for the shipping, refining and trading industry but could also present opportunities for Middle East ports who have invested in cutting edge infrastructure.

The new legislation will force ship owners to switch to using cleaner, more expensive alternatives to High Sulphur Fuel Oil (HSFO). They also have the option of installing scrubbers to continue using HSFO, but the high up-front capital cost of fitting the technology has deterred many in the shipping industry.

The echo of surprise that has reverberated around the market in the Middle East and beyond since the ruling was announced in October 2016 – a 2025 start date was on the cards – has finally fallen silent. There is widespread acceptance that there will be no last-minute grace period. Stakeholders along the value chain – from refiners, traders, ports to shipowners – are now united in their efforts to make compliance an affordable reality in less than two years.

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