Livestock Shipping Grows, IMO to Reduce Red Tape, LPG Newbuild Guidelines, EU Emissions Legal Action, CMA CGM Acquisition Rumours & More

Livestock Shipping Grows, IMO to Reduce Red Tape, LPG Newbuild Guidelines, EU Emissions Legal Action, CMA CGM Acquisition Rumours & More – IMDO Market Review

4th December 2014

#Ports&Shipping –The latest IMDO Weekly Market Review includes the following stories as detailed below.

Irish Shipping: Interest in live Shipping Grows - As reported in the Irish Independent interest in live-shipping is growing as a number of operators look to capitalise on rising demand in North Africa. Along with Cork-based livestock exporters, Curzon, the Louth group are hoping to avail of a 1,500hd, walk-on-walk-off ship that is currently in the final stages of the Department of Agriculture's licencing process.

International Shipping Regulation: International Maritime Organization (IMO) to approve measures to reduce red tape - The council of the IMO is likely to approve measures to reduce red tape when it meets next week, paving the way for wider acceptance of electronic reporting systems.

LPG Newbuild Guidelines: Creation of new Guidelines for Building and Operating gas-powered ships created-Key agreements in creating international rules on building and operating gas-powered ships have been made by regulators. As reported in Lloyds List the IMO has been working on taking guidelines on building and operating gas-powered ships and creating binding regulations that will not only be applicable to LNG-fuelled ships, but any other vessel using a fuel that has a low flashpoint such as methane.

Emissions Control: Update -The European Commission is considering legal action against Belgium, Spain, Cyprus and Hungary if they do not begin moves to translate EU rules on sulphur emissions from ships into domestic law within two months. The EU directive on the sulphur content of marine fuels should have been enacted into national law by 18 June 2014.

International Shipping: CMA CGM linked to acquisition rumours - Speculation surfaced last week linking the French line with German shortsea operator Oldenburg-Portugiesische Dampfschiffs-Rhederei. Details of an acquisition are thought to be imminent, with an announcement possibly early this week.

For more on each of the above and other stories click the IMDO Weekly Markets Review (Week 48). In addition to dedicated coverage on Afloat.ie's Ports & Shipping News section.

Published in Ports & Shipping

Tagged under

About The Author

Jehan Ashmore

Email The Author

Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.