Maritime Executive

Survey Seeks Views on 'Green Ship Technologies' in Asian Maritime Sector

January 13, 2015

Despite ships being by far the most efficient form of transport, there is growing concern about climate change, the environmental state of the world's oceans and the air quality close to major shipping routes and ports which has led to ever more stringent legislation on emissions to both sea and air.

Cheap Oil, Oversupply of Liquefied Natural Gas Causes LNG Prices to Plummet

December 22, 2014

Maritime Executive

Asian liquefied natural gas prices are expected to fall by up to 30 percent in 2015, according to a survey of analysts and consultants, as the market enters a period of oversupply and the impact of lower oil prices kicks in.

Will Continued Price Drop Crimp Oil Exploration, Energy Supply by 2020?

December 11, 2014

Maritime Executive

Global oil and gas exploration projects worth more than $150bn are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.

Shipping Emissions Labeled Substantial, With Worst Rates in Chinese, Malaysian Ports

December 9, 2014

Maritime Executive

Shipping emissions in ports are substantial, accounting for 18 million tonnes of CO2 emissions, 0.4 million tonnes of NOx, 0.2 million of SOx and 0.03 million tonnes of PM10 in 2011, according to an International Transport Forum's report. Around 85 percent of emissions come from containerships and tankers. Containerships have short port stays, but high emissions during these stays.

IMO Rules That Loaded Ocean Containers or Their Contents Must Be Weighed Before Placement on Vessels

December 4, 2014

Maritime Executive

The International Maritime Organization has decided to make it mandatory to weigh loaded containers before they are transported by sea. The initiative is designed to enhance safety and prevent pollution of the marine environment.

Australia Could Become World's Largest Exporter of Liquefied Natural Gas

December 3, 2014

Maritime Executive

Global liquefied natural gas (LNG) trade is booming, and Australia will play a growing role in the Asian market despite increasing competition and cost pressures, according to the 2014 Gas Market Report that was recently released by the Bureau of Resources and Energy Economics (BREE).

Debt Pressure Builds on Largest Chinese Companies

November 19, 2014

Maritime Executive

Debt levels at China's 200 biggest companies increased by five times between 2007 and 2013 and financial pressures on them will likely intensify as the economy continues to cool, Standard & Poor's said.

China-South Korea FTA Brings Largest Asian Economic Pact Into Being

November 14, 2014

Maritime Executive

South Korea and China agreed on a bilateral free trade agreement (FTA) that is expected to create the largest economic bloc in Asia. Once implemented, the Korea-China FTA will significantly boost bilateral trade between China, the world's second-largest economy, and South Korea, the fourth-largest in Asia.

Once Again, China Says It Wants to Re-create the Silk Road

November 12, 2014

Maritime Executive

China will contribute $40bn to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced on Saturday, the latest Chinese project to spread the largesse of its own economic growth.

Environmental Group Urges China to Create Maritime Emission Control Areas

November 11, 2014

Maritime Executive

New York-based Natural Resources Defense Council has released a report on air pollution in China citing shipping as a major contributor and recommending the introduction of emission control areas.