Page 8 - Al-Rashed Newsletter February 2020

SHIPPING WORLD
SHIPPING NEWS

Climate change: Fertiliser could be used to power ocean-going ships
Ocean-going ships could be powered by ammonia within the decade as the shipping
industry takes action to curb carbon emissions.
The chemical - the key ingredient of fertilisers - can be burned in ships’ engines in
place of polluting diesel.The industry hopes ammonia will help it tackle climate
change, because it burns without CO2 emissions.The creation of the ammonia itself
creates substantial CO2, but a report says technology can solve this problem.The
challenge is huge, because shipping produces around 2% of global carbon
emissions – about the same as the whole German economy. Making ammonia is
also a major source of carbon. A report by the Royal Society says ammonia
production currently creates 1.8% of global CO2 emissions – the most of any
chemical industry.

China’s Shipping Nears a Standstill Amid Coronavirus Disruption
Shipping volumes out of China are plummeting as the impact of the coronavirus
outbreak takes a deeper toll on industrial production, and ocean carriers are bracing
for financial blows from the diminished output.“Substantially less cargo is being
moved between China and the rest of the world” said Lars Jensen, head of
Denmark-based maritime research group Sea-Intelligence. “Last week we had an
additional 30 sailings canceled, with 23 across the Pacific and the rest to
Europe.”Mr. Jensen said the canceled trips, which have topped 50 since late
January, will delay or reduce shipments into the U.S., where retailers may see a
slowdown in their traditional restocking of inventories for the spring.
Companies exporting goods into China are also facing problems because only a
fraction of workers are back at work to handle goods arriving at ports. That has
backed up cargo at terminals and warehouses at big gateways including Shanghai,
Tianjin and Ningbo.

DID YOU KNOW?

Feel old yet? Tom & Jerry turned 80 on
Feb 10th 2020.

Oscar nominees walk home this year
with a $225000 gift bag which includes:
12-day trip for two on the Scenic Eclipse,
a stay at a Spanish lighthouse, a 12 day
Antarctic trip on a super yacht and many
more.

Source: https://www.mhlnews.com/, Logistics Middle East, Splash247, https://www.porttechnology.org/news/how-has-coronavirus-affected-ports-and-shipping/