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The Latest Breaking News from IMO

Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies

Water transport is a cost-efficient way of moving goods and people — but it emits lots of greenhouse gases

The Independent UK

Global shipping is under pressure to stop its heavy fuel oil use fast – that’s not simple, but changes are coming

Most of the clothing and gadgets you buy in stores today were once in shipping containers, sailing across the ocean. Ships carry over 80% of the world’s traded goods. But they have a problem – the majority of them burn heavy sulfur fuel oil, which is a driver of climate…

The Conversation

Pressure grows on shipping industry to accept carbon levy

World Bank among those urging levy to fund climate action in developing world and encourage fleets to upgrade

The Guardian - UK

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Pacific push to decarbonise the shipping industry

Pacific leaders are being urged to front up to the topic of shipping emissions after submissions for the most ambitious decarbonisation targets yet are publicly released

Newsroom.co.nz

Inuit warn ‘rock concert-like’ noise from ships affecting Arctic wildlife

Calls for mandatory measures to reduce underwater noise pollution as melting ice opens up shipping routes

The Guardian - UK

Top Irish doctor says it's likely patients have 'died as a result of avoidable delays' amid hospital crisis

"There is a very real likelihood that some patients will have died as a result of avoidable delays in the system in recent weeks"

Irish Mirror

Concern over antibiotics shortage due to Strep A outbreak

Due to the recent outbreak of Strep-A and the fear associated with it, patients and parents are “more inclined to attend early”

Dublin Live

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Cruising for a bruising: $$$s v nature in Milford Sound

As international cruise ships once again ply our waters, there’s renewed debate about whether they belong in one of New Zealand’s - and the world’s - most precious places.

Newsroom.co.nz

Shipping must accelerate its decarbonisation efforts – and now it has the opportunity to do so

Member states of the International Maritime Organisation (IMO), the UN agency that regulates international maritime affairs, are meeting on December 5-16 to discuss how to accelerate the industry’s climate mitigation efforts.

The Conversation

Extension of alcohol licensing laws 'regressive and harmful', IMO says

The organisation accused the Government of not having a coherent policy on alcohol

Irish Mirror

A faster route to greener shipping

Delegates from over 190 countries recently gathered in Lisbon for the UN Ocean Conference, the most important event on this issue this year. Opening the meeting, UN Secretary-General António Guterres urged governments "to raise their level of ambition for the recovery of ocean health".

Bangkok Post

‘It’s a total disaster!’ How soaring rents, cutthroat competition and unscrupulous landlords are breaking tenants

Want to rent a flat or house? Be prepared to queue in the street, get into a bidding war or put down a deposit for somewhere you haven’t even seen

The Guardian - UK

UN seeks plan to beat plastic nurdles, the tiny scourges of the oceans

Billions of the pellets end up in the sea, killing turtles, whales and dolphins, and are washed up on beaches around the world

The Guardian - UK

Imperial (IMO) To Report Q2 Earnings: Is A Surprise In Store?

Imperial Oil Limited (NYSEAMERICAN: IMO) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.14 per share on revenues of $16.7 billion.

Benzinga

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The Guardian - UK

Shipping’s dirty secret: how ‘scrubbers’ clean the air – while contaminating the sea

Told to reduce air pollution, the shipping industry could have switched to cleaner fuels – instead, many vessels turned to special devices that simply dump the toxins into the water

Bangkok Post

Ships get older and slower as emissions rules bite

LONDON: If shipping is the beating heart of global trade, its pulse is about to get slower.

Reuters

Russian separatists seize two foreign ships in Mariupol - letters

Russian-backed separatists have seized two foreign-flagged ships in the eastern Ukrainian port city of Mariupol, saying they are now "state property", in the first such moves against commercial shipping, letters seen by Reuters showed.

Benzinga

RBC Capital Ticks Up Imperial Oil Price Target By 1.5%

Imperial Oil Ltd (TSX:IMO) (NYSE:IMO) price target has been raised to C$66 from C$65 by RBC Capital analyst Greg Pardy while maintaining the Outperform rating on the shares. The analyst states that the bullish stance toward Imperial Oil reflects its capable leadership team, favorable long-term operating outlook, strong balance sheet, and commitment to shareholder returns.…

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StockNews.com

3 Strong Under-the-Radar Energy Stocks to Add to Your List

Energy stocks have attracted significant investor attention over the past few months, thanks to soaring oil and gas prices due to strong demand and a global supply crush caused by the Russia-Ukraine war. Because this trend is expected to continue in the coming months, we think it could be wise…

The Conversation

Whale sharks: how we discovered what's killing so many of the world's largest fish

Over 80% of international trade is carried by sea. Much of what we use and consume everyday either has been or will be transported on huge vessels which plough the global ocean.

The Guardian - UK

‘Black carbon’ threat to Arctic as sea routes open up with global heating

As climate crisis allows new maritime routes to be used, sooty shipping emissions accelerates ice melt and risk to ecosystems

Reuters

Ships stranded in Ukraine as conflict slows UN rescue efforts

With more than 1,000 seafarers stranded on ships in Ukrainian ports and food supplies running low, the United Nations is pressing for their safe passage out of danger but security risks and disagreements are hobbling those efforts, maritime sources say.

Benzinga

Danaos Orders Two 7,100 TEU Containerships

Danaos Corp (NYSE:DAC) placed orders for two 7,100 TEU containerships. Financial terms were not disclosed. The vessels will be built at Dalian Shipbuilding in China and are expected to be delivered in 2Q24 and 3Q24. The vessels will be methanol fuel ready and built as per the latest requirements of the International…

Reuters

UN to work on safe corridor for ships stranded by Ukraine conflict

The UN's shipping agency will seek to create a safe maritime corridor to enable merchant ships and their crews stuck in the Black Sea and Sea of Azov to sail away without the risk of being hit, it said on Friday.

Salon

Global shipping moving invasive species

Global shipping is moving invasive species around the world. Can world governments agree on preventative measures?

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