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American Industrial Partners to obtain Rand Logistics

American Industrial Partners (AIP) is to acquire Rand Logistics, Inc. through an agreement which will see Rand convert its second lien debt into 100% of common equity within the newly reorganised company.



 
 

Carrylift performs for ABP Garston

ABP’s Port of Garston call on Carrylift to provide large capacity, short-term rental trucks while longer term specialist handling solutions for fertilizer are sourced.


 
 

Stena Bulk prepares for a reorganisation

Stena Bulk oversees the reorganisation of its business activities, appoints two new Managing Directors and announces the opening of a new office in Copenhagen.

 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

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ICS: delivering on environmental sustainability relies on shipping being economically sustainable

On 20 November 2017, addressing government trade negotiators in the OECD Working Party on Shipbuilding, at a workshop on 'green growth' in Paris, the International Chamber of Shipping (ICS) asserted that the shipping industry could only be environmentally sustainable if it was economically sustainable.

ICS Director of Policy, Simon Bennett, said: “The perennial challenge facing shipowners is overcapacity, aided and abetted by government subsidies and support measures that encourage shipyards to produce ships that are surplus to requirements”. “If governments are serious about helping the shipping industry deliver on the UN Sustainable Development Goals, the OECD needs to reboot efforts to have a global agreement on the elimination of market distorting measures from shipbuilding. Despite being in existence for over 50 years it's disappointing that the working party on shipbuilding has still made little progress, with the last round of negotiations on a new OECD agreement having been suspended several years ago.” 

ICS also set out the progress that is being made to further improve the shipping industry's environmental performance.  

With regard to successfully implementing the UN IMO Ballast Water Management Convention, Bennett commented that whenever possible, shipowners should only install treatment systems that have been approved in accordance with the revised and more robust type-approval standards adopted by IMO in 2016, even though their use is not yet mandatory, in order to ensure that it would be fit for purpose in all operating conditions worldwide. 

On the 2020 global sulfur in fuel cap, ICS explained that in conjunction with other shipowner associations it is working on a proposal to IMO that the carriage of non-compliant bunker fuels should be banned in order to ensure fair competition. 

Remarking on the IMO’s ambitious strategy for the reduction of CO2 emissions by the international shipping sector, Bennett said: “The vision of ICS is zero CO2 emissions as soon as possible using alternative fuels and new propulsion technologies. But so long as ships are dependent on fossils fuels, IMO member states need to be both politically and technically realistic about what can be achieved in the short term if this is to compatible with the legitimate concerns of emerging economies about the impacts on trade and their sustainable development”.

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