Page 3 - Al-Rashed Newsletter April 19

SHIPPING WORLD
SHIPPING NEWS

China has six of the world’s 10 busiest container ports, spurred by booming
trade and a state coffer that invests in public works
Shanghai was the world’s biggest container port in 2018, holding on to the pole
position for the ninth consecutive year after snatching it from Singapore in 2010.
Shanghai surpassed Hong Kong in throughput traffic in 2007, two years after the
Yangshan deep water port opened in Hangzhou Bay and accelerated the decline of
Hong Kong’s importance as a transshipment hub for mainland China.
Shanghai’s deputy transport commissioner announced that China’s largest
commercial hub would slash handling fees and harbour dues for the second year in
a row, easing the financial burden on trading companies caught by slumping
commerce because of the US-China trade war.Up to 300 million yuan worth of
service feeds, loading and discharging charges and dues for Shanghai’s port and
tugboats would be cut this year, adding to the 2 billion yuan (US$298 million) of
reductions meted out in 2018.

Green light: Sweden commits to fossil-free shipping
The Swedish Shipowners’ Association has developed plans to phase out the use of
fossil fuels by 2045, in line with the country’s wider climate change plans. It’s a bold
move for a heavy fuel industry, but far from unachievable.
Sweden has some of the strongest environmental credentials in the EU.Generally
speaking, the Scandinavian shipping sector has been progressive for some time in
reducing its footprint. In 2015, Norway launched the first all-electric ferry, Ampere,
which has since gone on to cut emissions by 95%, in contrast to its fuel-powered
equivalents. Last year also saw Danish shipping giant Maersk pledge to become
carbon-neutral by 2050.

I M O 2 0 2 0 - a i m s i n
0 . 5 % r e d u c t i o n i n
s u l p h u r e m i s s i o n
a n d a 7 7 % d r o p
i n o v e r a l l
e m i s s i o n s f r o m
s h i p s b y 2 0 2 5

Source: Hellenic Shipping News, www.ship-technology.com, IMO