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		<title>Venezuelan Oil Exports Flow Using False Documents, Ships Linked to Iran</title>
		<link>https://cargoworldtoday.com/venezuelan-oil-exports-flow-using-false-documents-ships-linked-to-iran/</link>
		
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		<pubDate>Thu, 01 Dec 2022 14:34:39 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[False Documents]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Oil Exports]]></category>
		<category><![CDATA[ships]]></category>
		<category><![CDATA[Venezuela]]></category>
		<guid isPermaLink="false">https://cargoworldtoday.com/?p=38743</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/11/danan-wahyu-sumirat-marinetrafficcom-137055-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="https://www.marinelink.com/news/venezuelan-oil-exports-flow-using-false-501296" decoding="async" /></p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/venezuelan-oil-exports-flow-using-false-documents-ships-linked-to-iran/">Venezuelan Oil Exports Flow Using False Documents, Ships Linked to Iran</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/11/danan-wahyu-sumirat-marinetrafficcom-137055-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="https://www.marinelink.com/news/venezuelan-oil-exports-flow-using-false-501296" decoding="async" /><div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper">
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			<p>When the supertanker Young Yong sailed to the Chinese port of Qingdao in September last year, it had quality certificates for its cargo stating it was transporting Malaysian crude oil, according to the documents reviewed by Reuters.</p>
<p>But satellite images and photos show the Chinese-owned ship had loaded the oil four months earlier in Venezuela, an OPEC nation in South America under U.S. oil sanctions.</p>
<p>The Young Yong is one of three vessels identified by Reuters that were chartered by little-known companies to export Venezuelan oil and used false documents to conceal its origin, according to shipping documents and 11 sources with knowledge of the trade.</p>
<p>Two of those tankers, including the Young Yong, were designated this month by U.S. authorities for violating sanctions on Iran, one of Venezuela&#8217;s closest allies.</p>
<p>Six shipping and oil trading specialists told Reuters the use of false documents to conceal cargoes originating in sanctioned countries including Venezuela and Iran has increased compliance risks for oil and trading companies, amid a proliferation of international sanctions.</p>
<p>&#8220;It&#8217;s now becoming clear you cannot trust certificates of origin even when they come with official government documentation,&#8221; said Cari Stinebower, a U.S.-based partner with law firm Winston &amp; Strawn, who advises oil and trading companies how to comply with sanctions.</p>
<p>The Young Yong was one of several tankers named by the U.S. Treasury on Nov. 3 as part of a &#8220;smuggling network&#8221; that has used forged documentation to ship Iranian oil to finance Iran&#8217;s Revolutionary Guards and Hezbollah. The Treasury designated the tanker as a frozen asset and placed its owner, Marshall Islands-registered Technology Bright, under sanctions.</p>
<p>The U.S. Treasury declined to comment on the involvement of the Young Yong or the other vessels identified by Reuters in shipping Venezuelan crude.</p>
<p>Stinebower, who previously worked as a legal counsel for the U.S. Treasury&#8217;s sanctions enforcement arm OFAC, said the use of false documents to conceal the origin of cargoes was pioneered by Iran to avoid U.S. sanctions. Citing cases she has worked on as a commercial lawyer, Stinebower said it appeared the technique was now being adopted to transport Venezuelan oil but she declined to provide further details.</p>
<p>Venezuela&#8217;s oil ministry and state-owned oil company PDVSA did not respond to requests for comment. Iran&#8217;s mission to the United Nations in New York also did not respond to Reuters questions.</p>
<p>PDVSA documents reviewed by Reuters said a vessel named the Comuna loaded 1.98 million barrels of oil in the Venezuelan port of Jose from May 11 to 21 last year.</p>
<p>However, independent monitoring company TankerTrackers.com, which specializes in analyzing vessel movements for insurance and shipowners&#8217; research, used satellite images and photos to identify the tanker as the Young Yong.</p>
<p>The images show the vessel&#8217;s name had been painted over but the tanker is identifiable because of the distinctive white arches flanking its bridge, the position of the cranes on its deck and the shape of its funnel, said Samir Madani, TankerTrackers.com&#8217;s owner.</p>
<p>When the Young Yong set sail from Venezuela after loading the oil, its location transmitter showed it departing from the West African port of Lome.</p>
<p>The Young Yong then stopped near Malaysia between early July and August 2021. While there, on July 8, it obtained a quality certificate from Singapore-based laboratory Saybolt that identified its cargo as Malaysian heavy crude – which has similar characteristics to Venezuela&#8217;s Merey 16 crude grade. The certificate measures aspects of oil &#8211; such as its density and its levels of sulfur and metals &#8211; that allow a buyer to be sure a cargo is within a contract&#8217;s specifications.</p>
<p>Saybolt&#8217;s U.S. owner, Core Laboratories N.V. CLB.N, said in a statement to Reuters that it had certified the crude as Malaysian heavy oil blend based on documentation it received from the client and its analysis of the quality of the oil. The company said it had no reason to doubt this was the case. It did not identify who the client was.</p>
<p>The quality certificate was shared with Reuters by advocacy group United Against Nuclear Iran (UANI), which tracks shipments potentially violating sanctions.</p>
<p>Shipping database Equasis listed contact details for the Young Yong&#8217;s owner Technology Bright as care of Hong Kong-based East Wind Ship Management. A Reuters reporter could not find East Wind Ship Management at the address listed in the database nor find a contact elsewhere to seek comment. Reuters was unable to identify the buyer of the oil in China.</p>
<p>Indonesian authorities said in early November that the Young Yong had run aground off the Riau Islands on Oct. 26. UANI said it was carrying Venezuelan fuel oil when it ran aground and was likely trying to reach Nipah, a popular ship-to-ship transfer hub near Indonesian waters, according to satellite pictures and vessel tracking, analyzed by the advocacy group.</p>
<p><strong>Unsuccessful sanctions</strong><br />
Christian M. Ingerslev, chief executive of Maersk Tankers, said the proliferation of sanctions had led to &#8220;separate fleets and separate markets run in parallel&#8221;: some vessels were operating off-the-radar to service sanctioned countries, sometimes without proper insurance, he said.</p>
<p>London-headquartered ship broker Braemar PLC BRMS.L estimated that the total fleet servicing Iran and Venezuela, despite U.S. sanctions, consists of more than two hundred tankers, including some 82 supertankers like the Young Yong that can carry up to two million barrels of oil each.</p>
<p>The United States imposed oil trading sanctions on Venezuela in 2019 after calling Maduro&#8217;s re-election the previous year a sham. Washington has maintained pressure on the socialist leader to hold fair elections and release political prisoners: it said last week it could relax sanctions if there is progress in talks between Maduro&#8217;s government and the opposition.</p>
<p>The use of a wide array of tactics &#8211; including false documentation, fake vessel names and ship-to-ship transfers of cargoes at sea &#8211; has enabled Venezuela to export more than 360 million barrels of crude and fuel since the imposition of U.S. sanctions, according to Reuters calculations based on PDVSA&#8217;s internal documents and ship tracking data.</p>
<p>That represents more than two-thirds of Venezuela&#8217;s total oil exports from 2019 through October 2022. The remainder went either directly to its ally Cuba or to other destinations in the Caribbean and Europe under exemptions to U.S. sanctions, according to the Reuters calculations.</p>
<p>PDVSA did not respond to a request for comment on those figures.</p>
<p>When asked about Reuters&#8217; findings about the use of false documentation by vessels carrying Venezuelan crude, a U.S. State Department spokesperson said: &#8220;our Venezuela sanctions remain in effect&#8221;.</p>
<p>PDVSA documents from May 2021 listed Yunshu Maritime Ltd as the charterer of the Comuna – the name used by the Young Yong to load Venezuela crude that month. The PDVSA shipping documents and invoices for the cargo dated September 2021 did not provide contact details for Yunshu Maritime. Reuters was unable to find a website or address for the company.</p>
<p>Yunshu Maritime was also the charterer for another supertanker that loaded Venezuelan oil in May 2021 under the name Joy, PDVSA&#8217;s loading schedules showed. Using satellite images and photos, TankerTrackers.com identified that vessel as the Panamanian-flagged tanker Adisa, which was also blacklisted this month by the U.S. Treasury for transporting Iranian oil.</p>
<p>The Treasury said the vessel is controlled by a company owned by Viktor Artemov, a Ukrainian national who oversees a network of cover companies used to sell sanctioned Iranian oil and channel the proceeds to the Revolutionary Guards and Hezbollah.</p>
<p>Artemov, who has been placed under U.S. sanctions, did not respond to requests for comment.</p>
<p>The Treasury named the Adisa&#8217;s owner as Triton Navigation Corp, which is listed on Equasis as care of Thomarose Global Ventures. Reuters was unable to locate Nigeria-based Thomarose Global Ventures for comment.</p>
<p>The Adisa set its location signal to make it appear that it set sail from Africa in early June 2021 with Malaysia as its destination. The vessel made a stop in Malaysia between July and early September and then switched its transponder off for about a week before reappearing near Qingdao in mid-September, where it discharged, according to ship tracking data.</p>
<p>However, a bill of lading for the Adisa dated June 3, 2021 and issued by West Atlantic Port Services in Togo said the vessel had loaded 1.89 million barrels of West African blended heavy crude oil, according to the document reviewed by Reuters. West Atlantic Port Services did not answer phone calls for comment.</p>
<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-38767" src="https://cargoworldtoday.com/wp-content/uploads/2022/11/danan-wahyu-sumirat-marinetrafficcom-137055.jpg" alt="https://www.marinelink.com/news/venezuelan-oil-exports-flow-using-false-501296" width="800" height="409" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/11/danan-wahyu-sumirat-marinetrafficcom-137055.jpg 800w, https://cargoworldtoday.com/wp-content/uploads/2022/11/danan-wahyu-sumirat-marinetrafficcom-137055-300x153.jpg 300w, https://cargoworldtoday.com/wp-content/uploads/2022/11/danan-wahyu-sumirat-marinetrafficcom-137055-768x393.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></p>

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<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/venezuelan-oil-exports-flow-using-false-documents-ships-linked-to-iran/">Venezuelan Oil Exports Flow Using False Documents, Ships Linked to Iran</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>Baltic Dry Index Drops to 3-week Low, Ends Quarter Higher</title>
		<link>https://cargoworldtoday.com/baltic-dry-index-drops-to-3-week-low-ends-quarter-higher/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 01 Apr 2022 10:39:57 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[Baltic Dry Index]]></category>
		<category><![CDATA[cargo business]]></category>
		<category><![CDATA[cargo shipping]]></category>
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		<category><![CDATA[coal cargoes]]></category>
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		<category><![CDATA[Dry Bulk]]></category>
		<category><![CDATA[dry bulk sea freight index]]></category>
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		<category><![CDATA[Shipping]]></category>
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		<category><![CDATA[vessel]]></category>
		<category><![CDATA[vessels]]></category>
		<guid isPermaLink="false">https://cargoworldtoday.com/?p=29853</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />The Baltic Exchange&#8217;s dry bulk sea freight index fell to its lowest level in over three weeks on Thursday, dragged by sliding panamax and supramax vessel rates, although the main&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/baltic-dry-index-drops-to-3-week-low-ends-quarter-higher/">Baltic Dry Index Drops to 3-week Low, Ends Quarter Higher</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ship-g42badb4e9_1920-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>The Baltic Exchange&#8217;s dry bulk sea freight index fell to its lowest level in over three weeks on Thursday, dragged by sliding panamax and supramax vessel rates, although the main index posted monthly and quarterly gains.</p>
<p>The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 11 points, or about 0.5%, to 2,358 points, its lowest since March 8.</p>
<p>The main index has gained about 6.4% this quarter and 15.6% in March, its second monthly gain this year.</p>
<p>The panamax index dipped 95 points, or 2.9%, to 3,141 points. The index added about 22.1% this quarter, after posting declines in the last two. For the month, it was up more than 20%.</p>
<p>Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, fell by $850 to $28,273.</p>
<p>Dalian iron ore rose boosting a quarterly gain that was the biggest since end-2020, while the Singapore benchmark hovered around the $160 mark, as traders anticipated additional policy support to shore up China&#8217;s economy.</p>
<p>The capesize index gained 114 points, or 6.9%, to 1,760, but posted its second straight quarterly decline at 23.9% and an 8.8% monthly decline.</p>
<p>Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased $938 at $14,593.</p>
<p>The supramax index dropped 67 points to 2,808 points and increased about 22.6% for the first quarter of the year.</p>
<p>Source: www.marinelink.com</p>
<p>Image: www.pixibay.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/baltic-dry-index-drops-to-3-week-low-ends-quarter-higher/">Baltic Dry Index Drops to 3-week Low, Ends Quarter Higher</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>IMO to Work on Safe Corridor for Ships Stranded by Ukraine Conflict</title>
		<link>https://cargoworldtoday.com/imo-to-work-on-safe-corridor-for-ships-stranded-by-ukraine-conflict/</link>
		
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		<pubDate>Thu, 17 Mar 2022 14:19:20 +0000</pubDate>
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		<category><![CDATA[Sea of Azov]]></category>
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		<guid isPermaLink="false">https://cargoworldtoday.com/?p=28292</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />The UN&#8217;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&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/imo-to-work-on-safe-corridor-for-ships-stranded-by-ukraine-conflict/">IMO to Work on Safe Corridor for Ships Stranded by Ukraine Conflict</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/01/pexels-tom-fisk-3223309-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>The UN&#8217;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.</p>
<p>Russia&#8217;s military took control of waterways when it invaded Ukraine on Feb. 24, in what Moscow calls a &#8220;special operation&#8221;.</p>
<p>Ukrainian maritime officials have told Reuters fighting has left around 100 foreign-flagged vessels and hundreds of mariners stranded in Ukrainian ports.</p>
<p>Last week a seafarer was killed at the Ukrainian port of Olvia after a missile struck his Bangladesh-flagged cargo ship. Projectiles have hit four other vessels in recent days with one sunk.</p>
<p>The UN&#8217;s International Maritime Organization (IMO) convened a virtual meeting on Thursday and Friday to discuss the escalating situation.</p>
<p>A statement afterwards said the IMO&#8217;s Secretary-General Kitack Lim &#8220;indicated his commitment to take immediate action to realise the blue safe maritime corridor with the cooperation and collaboration of the relevant parties including littoral states&#8221;.</p>
<p>It said a maritime corridor would &#8220;allow the safe evacuation of seafarers and ships from the high-risk and affected areas in the Black Sea and the Sea of Azov to a safe place&#8221;.</p>
<p>Ukraine has accused the Russian military of targeting Olvia port facilities in a missile strike, while Russia’s embassy in Dhaka said last week the circumstances of the incident involving the Bangladesh ship were &#8220;being established&#8221;. Russia denies deliberately targeting civilians.</p>
<p>The IMO meeting was held with its Council, which consists of 40 member countries who are elected for two years. Non-Council member states such as Ukraine were able to make statements.</p>
<p>The IMO statement said separately that the Council &#8220;deplored the attacks of the Russian Federation aimed at commercial vessels, their seizures, including search-and-sescue vessels&#8221;.</p>
<p>The Council separately demanded that Russia &#8220;cease its unlawful activities to ensure the safety and welfare of seafarers and the security of international shipping and the marine environment in all affected areas&#8221;.</p>
<p>Russia&#8217;s IMO representatives could not be immediately reached for comment on Friday.</p>
<p>Source: www.marinelinks.com</p>
<p>Image: www.pixibay.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/imo-to-work-on-safe-corridor-for-ships-stranded-by-ukraine-conflict/">IMO to Work on Safe Corridor for Ships Stranded by Ukraine Conflict</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>Marine Insurers Widen High-risk Area as Ukraine Conflict Escalates</title>
		<link>https://cargoworldtoday.com/marine-insurers-widen-high-risk-area-as-ukraine-conflict-escalates/</link>
		
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		<pubDate>Thu, 10 Mar 2022 15:15:20 +0000</pubDate>
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		<guid isPermaLink="false">https://cargoworldtoday.com/?p=27869</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia&#8217;s invasion of Ukraine intensifies and&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/marine-insurers-widen-high-risk-area-as-ukraine-conflict-escalates/">Marine Insurers Widen High-risk Area as Ukraine Conflict Escalates</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/03/ships-g9e65ebe6a_1920-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia&#8217;s invasion of Ukraine intensifies and perils to merchant shipping grow.</p>
<p>The insurance industry&#8217;s Joint War Committee (JWC) said in an advisory dated March 7 that the high-risk area had been widened to waters close to Romania and Georgia after initially adding Russian and Ukrainian waters in the Black Sea and Sea of Azov on Feb. 15.</p>
<p>At least five commercial ships have been hit by projectiles since Feb. 24, including one vessel that sank and another on which a seafarer was killed by a missile that struck the ship. Read full story</p>
<p>The new high-risk areas also extend to various inland waters and sections of the high seas, underscoring the increasing dangers.</p>
<p>&#8220;There is clearly a growing nervousness around the region in the insurance market, especially in relation to the Black Sea,&#8221; said Marcus Baker at insurance broker and risk adviser Marsh.</p>
<p>&#8220;Any future amendments to these areas will very much depend upon a further escalation of activity in the region.&#8221;</p>
<p>Insurance premiums for voyages in the region have soared since Russia&#8217;s invasion on Feb. 24, an action Moscow calls a &#8220;special operation&#8221;.</p>
<p>Many shipping companies have suspended sailings to affected ports and the United Nations&#8217; shipping agency will convene a special meeting this week to discuss the worsening situation.</p>
<p>Guidance from the JWC is watched closely and influences underwriters’ considerations over insurance premiums.</p>
<p>The JWC advisory pointed to three ships that had been hit around the Ukrainian port of Odessa, adding that the situation is &#8220;dynamic&#8221; and being monitored closely.</p>
<p>The listed areas will be readjusted if the JWC believes it appropriate, the guidance said.</p>
<p>The JWC normally meets every quarter to review areas it considers high risk for merchant vessels and prone to war, piracy, terrorism and related perils. It had previously met in February before Russia’s invasion.</p>
<p>Niels Rasmussen, chief shipping analyst at trade association BIMCO, said there was a higher risk of Black Sea export disruption owing to shipping companies&#8217; reluctance to service the area and because of increasing freight costs.</p>
<p>&#8220;Of particular concern to global supply is the export of wheat and maize, which is mainly loaded in the Black Sea (region).&#8221;</p>
<p>Source: www.marinelinks.com</p>
<p>Image: www.pixibay.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/marine-insurers-widen-high-risk-area-as-ukraine-conflict-escalates/">Marine Insurers Widen High-risk Area as Ukraine Conflict Escalates</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>Recovery, Resilience and Demand Shifts to Drive Inland Waterway Cargo Flows</title>
		<link>https://cargoworldtoday.com/recovery-resilience-and-demand-shifts-to-drive-inland-waterway-cargo-flows/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 10 Mar 2022 14:41:27 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[cargo business]]></category>
		<category><![CDATA[cargo flows]]></category>
		<category><![CDATA[cargo shipping]]></category>
		<category><![CDATA[container ship]]></category>
		<category><![CDATA[container transport]]></category>
		<category><![CDATA[global logistics]]></category>
		<category><![CDATA[inland waterway system]]></category>
		<category><![CDATA[less carbon intensive transport]]></category>
		<category><![CDATA[logistics]]></category>
		<category><![CDATA[shipping industry]]></category>
		<category><![CDATA[ships]]></category>
		<category><![CDATA[supply chain]]></category>
		<category><![CDATA[transport]]></category>
		<category><![CDATA[transportation]]></category>
		<category><![CDATA[U.S.]]></category>
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		<category><![CDATA[Waterway Cargo]]></category>
		<category><![CDATA[Waterway traffic]]></category>
		<guid isPermaLink="false">https://cargoworldtoday.com/?p=27821</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/recovery-resilience-and-demand-shifts-to-drive-inland-waterway-cargo-flows/">Recovery, Resilience and Demand Shifts to Drive Inland Waterway Cargo Flows</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2021/09/pexels-mali-maeder-70419-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages of early 2020. Flows estimated by the Bureau of Transportation Statistics (BTS), part of the U.S. Department of Transportation, based on data from the U.S. Army Corps of Engineers (USACE) show a 25% rise from June 2020. Data in a presentation by The Waterways Council Inc (WCI), also using USACE data, showed overall tonnage, in 2019, of 514.9 million short tons, with petroleum and products leading (with 150 million tons), followed by coal (95.6 million tons), aggregates (81 million tons) and grains (77 million tons).</p>
<p>During 2021, selected barge grain movements (moving through key locks, approximately half of overall tonnage shown above) were down slightly from the previous year, according to the U.S. Department of Agriculture’s December 30 Grain Trade Report. Michael Steenhoek, executive director of the Soy Transportation Coalition, in speaking with Marine News, stressed the linkages between the export markets and agricultural transportation on the rivers, noting that the U.S. exported 60.5 million total metric tons of soybeans in the marketing year ended August 31, 2021 adding that, overall, 35 million of the total went to China. He said the leading export region is the Mississippi/Gulf, accounting for 27 million tons in the 2020/2021 marketing year. He said that, normally, around 60% of U.S. soybean exports will come out of that region, with the overwhelming majority of that arriving via barge transportation.</p>
<p>Medium term trends on the waterway system were discussed within a detailed study on the waterways released by Vanderbilt University in September 2021. The authors noted, “The last 20 years validate that the underlying markets relevant to barge demand are stable and resilient, and the summary outlook for 2025 anticipates that tonnages will be slightly lower and ton-miles slightly higher than 2019.</p>
<p>The increase in ton-miles is in spite of a reduction of tons and is the result of a generally bullish outlook for the agricultural sector, which is expected to increase by nearly 15%. Most agricultural barge transports are also longhaul shipments of 1,000 miles or more. In short, the U.S. is expected to retain its position as one of the world’s largest grain exporters.” The USDA, in its 2021 “Agricultural Projections to 2030”, shows small, but steady growth in exports (which drives barge traffic into the Lower Mississippi region) for the major grains.</p>
<p>While agricultural moves are likely to grow, the opposite is true for coal. The Vanderbilt University researchers note that “…the energy sector sees the most significant projected change, reflecting a continuing decline in utility coal use, and the beginning of a gradual shift away from petroleum use across numerous economic sectors as decarbonization policies and practices are implemented, impacting overall refined petroleum demand.” Similar views can be seen at the level of individual ports. For example, in a Kentucky Economic Development Summit, held in Spring 2021, scenario-based forecasts for 11 individual riverports out to 2045 (prepared by IHS Markit) were presented. A number of ports saw grain replacing coal as the top commodity handled; in those ports handling coal, its moves fall substantially under the varied scenarios.</p>
<p>The forecast for the tank barge marketplace is upbeat. In a conference call accompanying the release of Kirby’s 2021 fourth quarter earnings, company CEO David Grzebinski told investors: “In inland marine, we expect a strong market in 2022 driven by continued economic growth, increased volumes and minimal new barge construction. This should contribute to further improvements in the spot market with our barge utilization ranging in the high-80% to low-90% range for the year.” He did caution that “the first quarter [would be] the lowest due to seasonality and the headwinds related to COVID with the positive pricing environment building throughout the year.” For comparison, during the Spring 2020 lockdowns, Kirby’s utilization had plunged toward the 60% level, with 2021 providing a recovery up toward 80% utilization.</p>
<p>Clark Todd, chairman and CEO of Blessey Marine Services, a New Orleans area based specialist in transporting liquid cargoes for petroleum and petrochemical companies as well as commodity trading houses, explained to Marine News, “We have continued to see a moderate increase in demand for inland tugboat and barge business to start the year. The equilibrium of supply and demand of our assets across the industry is tightening up as fewer new build tug boats and barges will be built in 2022. We are optimistic that the upcoming summer driving season will yield stronger demand as consumption of refined products increases. So, we look for 2022 to be a better year for everyone in the inland tugboat in barge business.”</p>
<p>In the investor call’s Q&amp;A session, Kirby’s Grzebinski offered similar sentiments, saying, “Demand continues to grow. We still got some chemical plants coming on. And as you know, demand for liquid volumes typically goes up with GDP. We&#8217;re looking at a pretty good GDP number this year and probably next year…. [the supply picture] is even better. With barge pricing a new 30,000-barrel barge is probably $4.1 million to $4.2 million for a brand-new barge. That&#8217;s the highest we&#8217;ve ever seen. And a lot of that is steel price and some labor costs, but at those prices, we&#8217;re not seeing much newbuilds if any at all… and barge retirements are still going on because the equipment is getting older…So, when you put supply and demand together, this is about the best we&#8217;ve seen in a long, long time, and we think it&#8217;s a multiyear kind of upswing.”</p>
<p>Equity analyst Gregory Lewis, from brokerage BTIG, in a report released following Kirby’s call—where his recommendation was upgraded to “Buy” from “Neutral”—wrote, “After limping along for years, first around barge oversupply (2017-2019) and then from COVID (2020-2021), the inland barge market finally looks to be ready to inflect higher. Not surprisingly…the near- and medium-term setup looks good… And while the outlook for U.S. GDP remains constructive, which should buoy continued growth in both refined product and petrochemical volumes, on the back of what has been a challenging five-year period for barge owners the medium-term supply outlook is constructive (the inland barge fleet looks to have shrunk in 2021 and the lack of orders at yards points to negative fleet growth again in 2022).”</p>
<p>Going forward, new attention on infrastructure in Washington, D.C., against an ongoing backdrop of less carbon intensive transport generally—the subject of the Vanderbilt University study—may help waterborne cargo flows, with switching from less efficient modes and greater supply chain resiliency, encompassing matters such as Hurricane Ida, the I-40 Bridge and Colonial Pipeline disruptions now on the radar. The other big mover, aggregates (encompassing a variety of cargoes), is tied to construction, and waterborne flows could likely increase with spending on roads and other projects.</p>
<p>The WCI applauded the passage of the Infrastructure Bill, in late 2021, earmarking $2.2 billion for inland waterways projects. In mid-January, 2022, when the USACE identified specific projects to be funded, WCI president and  CEO, Tracy Zea said, “Today’s release of inland waterways infrastructure funds will not only advance the inland waterways construction portfolio but also create thousands of skilled jobs for America’s building trades, make American farmers more competitive, and promote energy security. WCI thanks its members and supporters on Capitol Hill, who helped to push this funding over the goal line.” Noteworthy projects funded included the Kentucky Lock (on the Tennessee River, near Paducah) the Montgomery Lock on the Ohio River (about 30 miles downstream from Pittsburgh), and Lock and Dam 25 on the Upper Mississippi River (mile 241, north of St. Louis), benefitting from the USACE’s Navigation &amp; Ecosystem Sustainability Program (NESP).</p>
<p>Indicative of future shifts of traffic onto the rivers is progress being made on shifting containerized cargo from crowded supply chains onto ships built specially for transporting boxes down the Mississippi River. American Patriot Holdings (APH), a company formed by a trio of industry veterans involved currently involved in barging of liquid cargoes, announced that it would be seeking bids from U.S. yards for construction of four “hybrid”—liquefied natural gas (LNG) and conventional fuel—fueled container vessels, with options on four additional vessels. APH has been inking tie-ups with ports on the rivers, including terminals at Plaquemines Parish, La., Memphis, Tenn. (a distribution hub served currently by container on barge services linking it to New Orleans), and nearby to St. Louis, which local organizations have promoted as “The Ag Coast of America”. The vessel designs, ranging from 1,800 TEU for use on rivers with locks up to 2,400 TEU for use on the Mississippi River, will enable speeds faster than those of traditional tug/ barge tows. One group, the Mid-America Freight Coalition, wondered whether the plans represented a “Marine Freight Renaissance”.</p>
<p>Efforts to supercharge container transport on the Mississippi have been underway for several years, but they have taken on a sense of urgency with the ongoing supply chain chaos of 2021. The Soy Transportation Coalition’s Steenhoek offered a very positive view of APH’s plans, in remarks at Kentucky’s 2020 Riverports Summit. “There is a trend towards moving agricultural commodities via containers, including commodities like soybeans.” In moving beans to export markets, he noted that bulk transport would predominate, but container transits, backhauls for boxes that transported consumer goods up the rivers: “the slice of the pie chart that is labeled as containerized shipping will continue to grow….as shippers try to localize supply chains in a global market.”</p>
<p>Modal shifts from surface transport (road and rail) on to the rivers has also been a feature in the bulk cargo moves. The U.S. Maritime Administration’s America’s Marine Highway program’s late 2021 awards included a $1.4 million grant for the M-70 Barge Service linking Cincinnati with ports in Kentucky along the Ohio River, following up on $2.9 million awarded the previous year for related projects. Steel producer Nucor Corporation, the project sponsor, will increase its transport of steel products by barge, taking trucks off the roads. When the 2021 grants were announced (which also included funding for Seacor’s container-on-barge linkage from Memphis to the Lower Mississippi River), the Acting Maritime Administrator Lucinda Lessley described AMH as “an innovative program that encourages the use of America’s navigable waterways for the movement of freight and people as an alternative to land-based transportation.” Analysts and port executives participating in the Kentucky Riverports 2021 session (a follow-up to the 2020 event) emphasized the potential to divert multiple types of cargo moving in surface modes on to the Ohio River, and other waterways.</p>
<p>The year 2021 did not see any significant merger and acquisition activity, so that the well-known names continue to dominate. On the dry side, with a total fleet of more than 18,000 barges, Ingram’s fleet totaled around 3,900, American Commercial Lines (ACL) with more than 3,000 and American River Transportation (tied to agri-giant ADM) with approximately 1,800 barges. On the liquid side, with 4,000 total barges, Kirby dominated with more than 1,000 units, followed by Canal Barge, ACL and Florida Marine, each with more than 300 barges.</p>
<p>In summing up the sector’s overall picture for Marine News, Blessey’s Clark Todd said, “As the incoming chairman of the board of American Waterways Operators, I have a unique perspective of the entire inland tugboat and barge industry. In my role at AWO, I have the opportunity to have dialogues with the different sectors of the marine world. A few of the sectors have already started to see stronger demand and utilization. With rising crude oil prices, and an eagerness for folks to travel, we believe 2022 will be a very strong as a jumpstart to recovery in our industry.”</p>
<p>Source: www.marinelinks.com</p>
<p>Image: www.pexel.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/recovery-resilience-and-demand-shifts-to-drive-inland-waterway-cargo-flows/">Recovery, Resilience and Demand Shifts to Drive Inland Waterway Cargo Flows</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>Ukraine Invasion: What Can Be Done at Sea?</title>
		<link>https://cargoworldtoday.com/ukraine-invasion-what-can-be-done-at-sea/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 04 Mar 2022 14:35:04 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[ban of ships]]></category>
		<category><![CDATA[cargo business]]></category>
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		<category><![CDATA[carriers]]></category>
		<category><![CDATA[container shipping]]></category>
		<category><![CDATA[Global Economy]]></category>
		<category><![CDATA[Helping Ukraine]]></category>
		<category><![CDATA[maritime]]></category>
		<category><![CDATA[Nato]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[sealift°]]></category>
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		<category><![CDATA[Turkey]]></category>
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		<category><![CDATA[Ukraine invasion]]></category>
		<category><![CDATA[war in ukraine]]></category>
		<guid isPermaLink="false">https://cargoworldtoday.com/?p=27310</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />The closure of the Turkish straits to all warships has drawn attention to the maritime dimension of Russia’s invasion of Ukraine. From a tactical and operational perspective, Russian naval forces have already&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/ukraine-invasion-what-can-be-done-at-sea/">Ukraine Invasion: What Can Be Done at Sea?</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/03/pexels-splash-of-rain-7321-1-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>The closure of the Turkish straits <a href="https://www.reuters.com/world/middle-east/turkey-urges-respect-black-sea-straits-pact-after-closing-access-2022-03-01/" target="_blank" rel="noopener">to all warships</a> has drawn attention to the maritime dimension of Russia’s invasion of Ukraine.</p>
<p>From a tactical and operational perspective, Russian naval forces have already contributed, albeit in a limited way, to the current invasion of Ukraine, notably with <a href="https://www.navalnews.com/naval-news/2022/02/russia-ukraine-conflict-what-happened-in-the-black-sea-so-far/" target="_blank" rel="noopener">missile strikes</a> and <a href="https://news.usni.org/2022/02/25/russian-navy-launches-amphibious-assault-on-ukraine" target="_blank" rel="noopener">amphibious assaults</a>. But from a strategic and political perspective, there are other important maritime elements to the conflict, for both Russia and Nato.</p>
<p>Russia is not, and has never been, a maritime power, but it would be a mistake to assume that Russia does not have maritime objectives. Since the late 17th century, securing access to global sea lanes of communication (the primary maritime routes between international ports) has been a <a href="https://www.theatlantic.com/international/archive/2015/10/navy-base-syria-crimea-putin/408694/" target="_blank" rel="noopener">recurring driver</a> of Russian foreign policy.</p>
<p>In particular, the country has striven for access to the Turkish straits between the Black Sea to the Mediterranean. This route connects Russia to other global sea lanes and provides the sole access for Russia’s Black Sea Fleet. In the past 15 years, Russia’s annexation of Crimea, securing naval facilities in Syria, and attempts to warm up relationships with Turkey have all contributed to this long-term objective.</p>
<p>According to the <a href="https://www.reuters.com/world/middle-east/turkey-warns-countries-not-pass-warships-through-straits-2022-02-28/" target="_blank" rel="noopener">1936 Montreux Convention</a> that regulates control of the straits, Turkey can <a href="https://www.ejiltalk.org/can-turkey-close-the-turkish-straits-to-russian-warships/" target="_blank" rel="noopener">decide to limit the transit of military vessels</a> in case of war, although ships returning to base are permitted to pass through. The closure of the straits to warships will not make a substantial difference to the war in coming weeks, although it might hinder Russia’s efforts if the conflict continues for months by preventing reinforcements travelling by sea.</p>
<p>However, the political impact of closing the straits is immediately significant. It adds further weight to the various sanctions and acts of diplomatic opposition to Russia’s invasion, such as banning Russian banks from the <a href="https://www.bbc.co.uk/news/business-60521822" target="_blank" rel="noopener">Swift banking payment system</a>, and closing EU airspace to <a href="https://www.bbc.co.uk/news/world-europe-60539303" target="_blank" rel="noopener">Russian aircraft</a>, reinforcing Russia’s status as an outcast on the world stage.</p>
<h2>Helping Ukraine</h2>
<p>There are other maritime actions that western countries can take as part of their efforts to support Ukraine. While they want to avoid an open confrontation with Russia, they are also keen to demonstrate support to allies and to deter Russia from aggression towards eastern European Nato members.</p>
<p>The US and EU could ban Russian ships from docking at their ports (<a href="https://www.cityam.com/grant-shapps-asks-uk-ports-deny-access-russian-ships/" target="_blank" rel="noopener">as the UK has already done</a>). And they can enforce sanctions at sea. For instance, on Saturday 26 February, the French authorities seized a cargo ship “suspected of being <a href="https://www.reuters.com/world/europe/france-seizes-ship-suspected-violating-russia-sanctions-official-2022-02-26/" target="_blank" rel="noopener">linked to Russian interests</a> targeted by the sanctions” in the English Channel.</p>
<p>There is a risk that Russia will consider restrictions imposed on Russian assets, such as commercial ships, as a hostile act. This could lead to potential escalation between Nato and EU member states and Russia. But as demonstrated by France’s rapid action, it is possible to implement sanctions so long as risks are measured.</p>
<p>Similarly, Nato is surely going to avoid any naval skirmish that could degenerate into open hostilities. Nato’s priority is to support Ukraine’s defence and enduring independence and sovereignty without risking a war with Russia.</p>
<p>Sealift – the use of ships to deliver assistance and material such as defensive weaponry to Ukraine – is unlikely because of the status of the Turkish straits. Also, there is a large possibility of encountering Russian warships, which are strategically positioned along the access routes to Ukrainian ports, with a risk of an open confrontation.</p>
<p>Third party commercial ships in the Black Sea have <a href="https://www.navalnews.com/naval-news/2022/02/two-civilian-vessels-hit-by-russian-missiles-off-odessa-ukraine-mod/" target="_blank" rel="noopener">already been hit</a> by Russian weapons. What action Nato countries will take if their civilian ships are attacked is a crucial question. Indeed, even if provocations and collateral damages originate from the Russian side, any armed response to them could risk an open war with Russia.</p>
<p>However, naval diplomacy can be part of <a href="https://en.kims.or.kr/issubrief/kims-periscope/peri264/" target="_blank" rel="noopener">Nato’s toolkit</a>. Deploying warships, and in particular <a href="https://www.navylookout.com/situation-report-the-naval-aspects-of-the-war-in-ukraine/" target="_blank" rel="noopener">aircraft carriers</a>, for example in the eastern Mediterranean, would have a substantial symbolic and political effect. This would give a strong message on Nato’s resolve to oppose the invasion to both Russia and eastern European Nato members.</p>
<p>Source: www.theconversation.com</p>
<p>Image: www.pexels.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/ukraine-invasion-what-can-be-done-at-sea/">Ukraine Invasion: What Can Be Done at Sea?</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>Addressing Supply Chain Pain Points for Shippers</title>
		<link>https://cargoworldtoday.com/addressing-supply-chain-pain-points-for-shippers/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 24 Feb 2022 13:13:25 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[Marine]]></category>
		<category><![CDATA[maritime]]></category>
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		<category><![CDATA[transportation management system software solution]]></category>
		<guid isPermaLink="false">https://cargoworldtoday.com/?p=26372</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />Shippers must navigate a daunting array of complex challenges when operating in today&#8217;s often turbulent supply chain landscape. Potential pain points are rampant. Fortunately, shippers can turn to a variety&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/addressing-supply-chain-pain-points-for-shippers/">Addressing Supply Chain Pain Points for Shippers</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-shvets-production-7203788-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>Shippers must navigate a daunting array of complex challenges when operating in today&#8217;s often turbulent supply chain landscape. Potential pain points are rampant.</p>
<p>Fortunately, shippers can turn to a variety of solutions and tools that can help drive capacity, control for rates, enable visibility, manage inbound and outbound execution of shipments, and improve the freight audit and payment processes—cumulatively addressing those nagging obstacles that frequently surface.</p>
<h3>ORDER MANAGEMENT</h3>
<p>For instance, a lack of information on inbound orders can cause shippers to need to devote additional costs to labor throughout the supply chain. However, an order management tool within a transportation management system software solution can serve to provide shippers with full visibility for tracking and tracing shipments and the capability to manage events.</p>
<p>That visibility includes a view of purchase order fulfillment and creates the ability to quickly review with the supplier the timing of the shipment to schedule labor at distribution centers for outbound shipment execution.</p>
<div class="text-center ad-unit-margins">
<div id="sas_82849"><span style="color: #000000; font-size: 28px;">SHIPMENT EXECUTION</span></div>
</div>
<p>When shippers struggle to find capacity from their providers, it leads to increased freight spend and labor costs. Getting status updates on shipments also can eat up time and resources. Through outbound shipment execution tools, shippers can take sales orders and interface with a transportation management system to manually or auto rate and auto tender shipments to transportation providers. Shippers can gain visibility of shipments down to part level, order number; receive alerts for shipments out of the delivery window; and at the same time control costs.</p>
<h3>SPOT AUCTION</h3>
<p>Global inbound shipments have been in turmoil in 2021 and are forecasted to remain that way at least through the first three quarters of 2022. Ocean shipments, in particular, are facing not only capacity challenges and longer transit times, but extremely high rates.</p>
<p>Operating in these markets means relying heavily on spot auction tools and automated bidding solutions to identify and lock in the best possible rates that match capacity and transit needs. Spot auctioning can be executed for all modes in a timed automated tool for both inbound and outbound shipments.</p>
<h3>CONTRACT MANAGEMENT</h3>
<p>Contract management is a necessary condition for successful end-to-end procurement and supplier performance—and arguably even more critical than the &#8220;sourcing&#8221; phase in the end-to-end supplier engagement process. Contract management tools can improve business functioning, control spending through better visibility of spending and identification of future savings, help to monitor and evaluate suppliers, and ensure compliance with clear rules and procedures.</p>
<h3>PROCUREMENT TOOL</h3>
<p>An RFP bid/tender sourced in one tool for multiple transportation providers offers the ability to run global multi-modes and establish tasks and activities. Shippers can build a generic bid and quickly view the low-cost providers. They also can award and allocate multiple providers a percentage of the lane or lanes that need carriers.</p>
<h3>FREIGHT AUDIT AND PAYMENT</h3>
<p>Tech-based tools can help avoid early payments (driving cash flow), duplicate payments, and late payment penalties, while ensuring shippers take advantage of payment terms. They also provide data for future rate negotiations and invaluable visibility to supply chain costs.</p>
<p>Source: www.inboundlogistics.com</p>
<p>Author: Dave Maddox, Senior Vice President, Global Supply Chain Sales &amp; Marketing, nVision Global</p>
<p>Image: www.pexels.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/addressing-supply-chain-pain-points-for-shippers/">Addressing Supply Chain Pain Points for Shippers</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>Baltic Dry Index Dips on Weaker Demand for Larger Ships</title>
		<link>https://cargoworldtoday.com/baltic-dry-index-dips-on-weaker-demand-for-larger-ships/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 17 Feb 2022 11:41:39 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[Baltic Dry Index]]></category>
		<category><![CDATA[cargo business]]></category>
		<category><![CDATA[cargo shipping]]></category>
		<category><![CDATA[container ship]]></category>
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		<guid isPermaLink="false">https://cargoworldtoday.com/?p=25967</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />The Baltic Exchange&#8217;s dry bulk sea freight index (.BADI) slipped on Wednesday as lower rates for capesize and panamax vessels outweighed gains in the supramax segment. The overall index, which&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/baltic-dry-index-dips-on-weaker-demand-for-larger-ships/">Baltic Dry Index Dips on Weaker Demand for Larger Ships</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2021/09/iron-boat-hull-6594356_1920-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>The Baltic Exchange&#8217;s dry bulk sea freight index (.BADI) slipped on Wednesday as lower rates for capesize and panamax vessels outweighed gains in the supramax segment.</p>
<p>The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 72 points, or nearly 3.7%, at 1,896, the lowest since Feb. 10.</p>
<p>The capesize index (.BACI) dipped 237 points, or 13.8%, to a one-week low of 1,476.</p>
<p>Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell by $1,970 to $12,239.</p>
<p>The panamax index (.BPNI) eased 25 points, or 1%, to 2,375.</p>
<p>Average daily earnings for panamaxes, which ferry 60,000-70,000 tonne coal or grain cargoes, fell by $227 to $21,374.</p>
<p>The supramax index (.BSIS) was up 43 points to 2,320.</p>
<p>Source: www.marinelink.com</p>
<p>Image: www.pixabay.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/baltic-dry-index-dips-on-weaker-demand-for-larger-ships/">Baltic Dry Index Dips on Weaker Demand for Larger Ships</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>From the Science Lab: Clean Energy Projects that Could Impact Maritime</title>
		<link>https://cargoworldtoday.com/from-the-science-lab-clean-energy-projects-that-could-impact-maritime/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 17 Feb 2022 11:25:20 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[carbon emission]]></category>
		<category><![CDATA[clean energy technology]]></category>
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		<category><![CDATA[decarbonization]]></category>
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		<guid isPermaLink="false">https://cargoworldtoday.com/?p=25886</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />As part of a $175M grant for 68 novel clean energy technology projects from the U.S. Department of Energy, these four offer promise in helping the maritime industry meet its&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/from-the-science-lab-clean-energy-projects-that-could-impact-maritime/">From the Science Lab: Clean Energy Projects that Could Impact Maritime</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-chokniti-khongchum-2280568-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><article>
<div class="fr-view">
<p>As part of a $175M grant for 68 novel clean energy technology projects from the U.S. Department of Energy, these four offer promise in helping the maritime industry meet its decarbonization goals.</p>
<p><strong>Makai Ocean Engineering – Waimanalo, HI</strong></p>
<ul>
<li><em>Remotely Installed Anchorages for Floating Offshore Wind and Other Offshore Renewables Cost Reduction &#8211;<br />
$849,951</em></li>
</ul>
<p>The Makai Ocean Engineering (Makai) team will develop novel mooring and anchoring methods to reduce the costs of offshore renewable energy. Makai will focus on enabling grid-scale floating offshore wind turbines and marine hydrokinetic systems to be deployed in areas that would otherwise not be accessible or too expensive with current mooring and anchoring technologies. The team’s unique approach to remotely installing micropiles on the seafloor will enable installation of an anchorage strong enough to secure these systems. This approach does not require large and costly equipment and vessels, dramatically reducing the initial installation costs. In addition to reducing costs, Makai’s system will enable offshore renewable deployment where it would otherwise not be feasible.</p>
<p><strong>University of California, Santa Barbara – Santa Barbara, CA</strong></p>
<ul>
<li><em>Quantifying the Potential and Risks of Large-Scale Macroalgae Cultivation and Purposeful Sequestration as aViable CO2 Reduction (CDR) Strategy- $2,897,686</em></li>
</ul>
<p>The University of California, Santa Barbara-led team will investigate the impacts of removing up to 0.1 Gt CO2/yr from the atmosphere and surface oceans through cultivating and sinking fast-growing macroalgae that would capture carbon and sequester it for more than 100 years at sea. Macroalgae do not require arable land, fresh water, or added fertilizers, and high production can be achieved in the offshore areas of the U.S.<br />
Exclusive Economic Zone. The team will quantify the long-term biogeochemical fates of fixed carbon in macroalgae, assess the sequestration time scales of macroalgal carbon, estimate their environmental impacts on the ocean interior, and evaluate the benefits and risks of these introduced perturbations to natural earth systems.</p>
<p><strong>Columbia University – New York, NY</strong></p>
<ul>
<li><em>High Capacity Electrolyzers Based on Ultrathin Proton-Conducting Oxide Membranes &#8211; $3,375,712</em></li>
</ul>
<p>Columbia University seeks to lower the production cost of carbon-free, “green hydrogen” through the development of a low-temperature electrolyzer that uses proton-conducting oxide membranes (POM) with the potential to achieve step-change increases in current density and efficiency compared to today’s commercial polymer electrolyte membrane (PEM) electrolyzers. The project’s approach of decreasing POM thickness by 2-4 orders of magnitude, and subsequently decreasing its resistance by roughly an order of magnitude, would enable efficient low-temperature water electrolysis at current densities higher than those used by conventional PEM electrolyzers. The production of carbon-free “green hydrogen” from low-temperature (&lt; 100 °C) water electrolysis is a highly attractive approach to enabling large-scale decarbonization across a variety of end-use<br />
sectors.</p>
<p><strong>University of Houston – Houston, TX</strong></p>
<ul>
<li><em>Lithium- and Transition Metal-Free High-Energy Fast-Charging Batteries &#8211; $3,400,000</em></li>
</ul>
<p>The University of Houston seeks to create a class of battery that uses magnesium anodes instead of lithium and organic materials in place of transition metal-based cathodes. Early work has shown very fast reaction kinetics, and power capabilities in excess of 5kW/Kg have been demonstrated. The battery would provide a transportation energy storage solution that could be charged very fast and have a comparable energy density with the state-of-the-art lithium ion. Additionally, given growing market pressures in lithium and transition  metals, this alternative could enhance the nation’s energy supply chain security. The project team seeks to advance the technology on multiple fronts including electrode material and electrolyte optimization, cycle life extension, practical cell design, and scaling-up material production and cell fabrication.</p>
<p>Source: www.marinelink.com</p>
<p>Image: www.pexels.com</p>
</div>
</article>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/from-the-science-lab-clean-energy-projects-that-could-impact-maritime/">From the Science Lab: Clean Energy Projects that Could Impact Maritime</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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		<title>The Time to Reduce Port Emissions is Now</title>
		<link>https://cargoworldtoday.com/the-time-to-reduce-port-emissions-is-now/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 10 Feb 2022 09:54:59 +0000</pubDate>
				<category><![CDATA[Cargo]]></category>
		<category><![CDATA[air pollution]]></category>
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		<category><![CDATA[CO2 emissions]]></category>
		<category><![CDATA[emission]]></category>
		<category><![CDATA[maritime]]></category>
		<category><![CDATA[poor air quality]]></category>
		<category><![CDATA[port]]></category>
		<category><![CDATA[ports]]></category>
		<category><![CDATA[sea cargo]]></category>
		<category><![CDATA[sea containers]]></category>
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		<category><![CDATA[zero emission]]></category>
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		<guid isPermaLink="false">https://cargoworldtoday.com/?p=25295</guid>

					<description><![CDATA[<p><img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" />Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air&#8230;</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/the-time-to-reduce-port-emissions-is-now/">The Time to Reduce Port Emissions is Now</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
]]></description>
										<content:encoded><![CDATA[<img width="150" height="150" src="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-150x150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" srcset="https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-150x150.jpg 150w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-550x550.jpg 550w, https://cargoworldtoday.com/wp-content/uploads/2022/02/pexels-vitaly-vlasov-1737779-1100x1100.jpg 1100w" sizes="(max-width: 150px) 100vw, 150px" /><p>Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air quality.</p>
<p>Incorporating propane can help ports support economic growth while safeguarding our environment.</p>
<p>The loading and unloading of container ships at marine terminals requires a variety of cargo handling equipment, historically powered by diesel and gasoline. As the country seeks to reduce emissions and fight climate change, stevedores need reliable, efficient equipment to help them handle growing cargo volumes, as well as an energy source that doesn’t sacrifice environmental impact in the process.</p>
<p>While battery-powered EV equipment is answer for some applications, there are significant challenges to be overcome and it is important to consider other “Near Zero” emissions options with ultra-low NOx, including propane equipment.</p>
<p><strong>Propane offers ultra-low NOx “Near-Zero” emissions for port applications</strong><br />
Recently passed legislation outlining funding availability for ports infrastructure will help ports across the country make the switch to “Near Zero” emissions technologies and enable our ports to be better stewards of the environment today and into the future.</p>
<p>While many port authorities are making the jump to electrification thinking this equipment is the best solution for reducing emissions, they are likely unaware that propane is cleaner, with a reduced carbon footprint than electricity when lifecycle emissions and nominal electricity production emissions are taken into consideration. Using propane produces 43% fewer greenhouse gas emissions than using an equivalent amount of electricity generated from the U.S. grid, according to data from the Propane Education &amp; Research Council (PERC).</p>
<p>Switching to cleaner energy directly impacts the millions of people living near ports. Families can be exposed to air pollution output from diesel engines at ports and be at risk of developing asthma, heart disease, and other serious health problems. Equipment, vehicles, and marine vessels that burn diesel fuel are the primary source of combustion-related emissions at port facilities, according to the Environmental Protection Agency (EPA). Existing propane applications in ports include forklifts and small and medium-duty vehicles that are meeting today’s emissions regulations and sustainability goals.</p>
<p>Near-zero emission propane port tractors produce fewer emissions and cost approximately $200,000 less than electric models, meaning ports can afford to replace more of their diesel-powered fleet and achieve carbon reduction goals faster. Propane powered cargo handling equipment in development includes reach stackers, empty container handlers, and rubber-tired gantry cranes.</p>
<p>Plus, propane can support employees needing to operate equipment both indoors and out, whereas gasoline and diesel equipment aren’t fit for indoor use. Propane forklifts, for example, can safely operate in properly ventilated indoor spaces, thanks to the equipment’s low-emissions profile. Well-maintained propane forklifts meet or exceed nationwide indoor air quality standards, whereas gasoline and diesel can produce higher amounts of carbon monoxide and other harmful emissions.</p>
<p><strong>The Infrastructure Investment and Jobs Act<br />
</strong>A new $1.2 trillion law to improve America’s infrastructure creates an unprecedented opportunity for more fleets to take advantage of low emission energy sources, like propane. Propane is recognized in the Act as a clean alternative energy source and its inclusion is a major win for both ports and near-port communities, allowing more ports and dockworkers the opportunity to replace the use of diesel and gasoline on-site.</p>
<p>With funding available as of January 2022, the Infrastructure Investment and Jobs Act provides over $9 billion in funding for refueling infrastructure and clean vehicles and equipment—including $5 billion earmarked for ports. Propane-powered vehicles and refueling infrastructure are eligible for the following funding opportunities under the new law:</p>
<ul>
<li>$2.5 billion in grants for emissions reduction at port facilities</li>
<li>$2.5 billion in grants for charging and refueling infrastructure</li>
</ul>
<p>Ports interested in taking advantage of this funding can make the switch to propane knowing that it’s a go-to energy solution for their operation. Propane reliably powers on- and off-road vehicles including forklifts, light- and medium-duty vehicles, port and terminal tractors, shuttles, and small marine vessels.</p>
<p>Source: www.marinelink.com</p>
<p>Image: www.pexels.com</p>
<p>The post <a rel="nofollow" href="https://cargoworldtoday.com/the-time-to-reduce-port-emissions-is-now/">The Time to Reduce Port Emissions is Now</a> appeared first on <a rel="nofollow" href="https://cargoworldtoday.com">Cargo World Today</a>.</p>
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