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Wave of the Future: Port welcomes new Brusco tug

Brusco Tug & Barge, Inc. has modernized its tug fleet at the Port of Hueneme by bringing aboard the “Teresa Brusco

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Wave of the Future: Port welcomes new Brusco tug
Wave of the Future: Port welcomes new Brusco tug. Image: Port of Hueneme
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Brusco Tug & Barge, Inc. has modernized its tug fleet at the Port of Hueneme by bringing aboard the “Teresa Brusco,” a state-of-the-art vessel that will dramatically lower vessel emissions and bring more power and ability to the tugs’ important ship-handling role on Port. Brusco’s investment strengthens their partnership with the Port and the tug’s acquisition is an achievement in keeping with the Port’s commitment to environment.

Replacing the Lulapin, the Teresa Brusco will join the Simone Brusco as the Port’s powerhouses — accompanying ships in and out of the harbor and guiding them to and from their berths. The Teresa Brusco represents a nearly $10 million capital investment by Brusco.

“It takes many moving parts for a port to operate smoothly,” says Oxnard Harbor District President Jess Herrera. “We greatly appreciate our partners’ commitment; once again, Brusco Tug has contributed to keeping the Port of Hueneme as the Greenest Port in the United States by investing in the best and latest clean technology with the arrival of the Teresa Brusco. As the Port and the community, we all benefit from this. Congratulations to everyone at Brusco.”

Captain Mike Fullilove, Manager of Operations at the Port, says that Brusco “is proud to be a part of the Port family since 1989 and remains committed to assisting the Port meet its goal of improving the working waterfront environment and surrounding community.”

The Teresa is a Tier 3-powered vessel with main engine ratings of 4750 horsepower and capable of 61 tons of bollard pull — an increase of 20% over the previous vessel. The Tier 3 technology aboard the Teresa will realize immediate and significant reduction in vessel emissions, including Nox reductions of approximately 80%.

“This significant upgrade to Brusco’s fleet keeps with the Port’s commitment to environment — as the Greenest US Port and Green Marine-certified (a third party environmental verification program), we take the health of our water, air and community very seriously,” says Port Director and CEO Kristin Decas. “We value the fact that Brusco is investing in our Port’s green future.”

The Port of Hueneme’s partnership with Brusco has been going strong for 30 years, and will do so well into the future. As Captain Fullilove states, “we look forward to the tug Teresa helping Port Hueneme to be among the most capable and environmentally conscious ports in the world for years to come.”

Environment

BNP Paribas and Credit Suisse join leading global shipping banks in support of UN climate targets 

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BNP Paribas and Credit Suisse join leading global shipping banks in support of UN climate targets. Image: Pixabay
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The world’s largest lender to global shipping, BNP Paribas, and leading wealth manager, Credit Suisse, become the 15th and 16th financial institutions to sign on to the Poseidon Principles.

With the signing by BNP Paribas and Credit Suisse, Signatories of the Poseidon Principles represent around $140 billion in loans to international shipping – about 30% of the total global ship finance portfolio.

The Poseidon Principles are the world’s first sector-specific, self-governing climate alignment agreement amongst financial institutions. They establish a common framework to quantitatively assess and disclose whether financial institutions’ lending portfolios are in line with climate goals set by the International Maritime Organization (IMO), a specialized agency of the United Nations responsible for regulating shipping.

The IMO’s target is for greenhouse gas emissions from international shipping to peak as soon as possible and to reduce the industry’s total annual GHG emissions by at least 50% by 2050, with a strong emphasis on zero emissions.

The Principles are designed to support ship owners in achieving the ‘at least 50% by 2050’ reduction target and to help financial institutions in managing critical investment risks – to the benefit of business and society.

“The decision of BNP Paribas and Credit Suisse to sign on to the Poseidon Principles represents another milestone for responsible ship finance. We welcome their leadership and we encourage other serious financial institutions to join them in serving global seaborne trade in a sustainable manner,“ says Michael Parker, Chairman of Global Shipping Logistics & Offshore at Citi and Chair of the Poseidon Principles Association.

“As a leading and longstanding lender to the global maritime industry, we welcome the establishment of the Poseidon Principles, an industry-wide and self-volunteered initiative that reflects our own commitment to combat climate change and protect the oceans,” says Vincent Pascal, Head of Shipping & Offshore Finance EMEA at BNP Paribas.

“The Poseidon Principles are key to leading industry-wide change. Along with our co-signatories, we aim to align our ship finance portfolio to be environmentally responsible and to lead by example in the reduction of GHG emissions. Joining the Principles shows our clear and continued commitment to sustainable shipping – being there to support our clients in their business and in their transition to a low-carbon shipping industry,” says Mario Béhé, Global Head of Ship Finance at Credit Suisse.

Signatories of the Poseidon Principles include, ABN Amro, Amsterdam Trade Bank, BNP Paribas, Citi, Credit Agricole CIB, Credit Industriel et Commercial, Credit Suisse, Danish Ship Finance, Danske Bank, DNB, DVB, Export Credit Norway, ING, Nordea, Société Générale, and Sparebanken Vest.

The Poseidon Principles were developed by Citi, DNB, and Société Générale in collaboration with leading industry players – A.P. Møller Mærsk, Cargill, Euronav, Lloyd’s Register, and Watson Farley & Williams – with expert support provided by the Global Maritime Forum, Rocky Mountain Institute, and University College London Energy Institute. The Principles were established in June 2019.

The Principles are applicable to lenders, relevant lessors, and financial guarantors including export credit agencies. They are implemented in internal policies, procedures and standards and applied in all credit products secured by vessels that fall under the purview of the IMO. The Principles are intended to evolve over time to include other issues where the collective influence of financial institutions can help improve the contribution the maritime industry and its lenders can make to society.

 

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Break Bulk

Safe Bulkers, Inc. enters into a Scrubber Service Agreement with Alfa Laval

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Safe Bulkers, Inc. enters into a Scrubber Service Agreement with Alfa Laval. Image: Flickr/ Ross Geograph
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Safe Bulkers, Inc. an international provider of marine drybulk transportation services, announced that the Company has entered into a Service Agreement with Alfa Laval to minimize down time, enhance regulatory compliance and safeguard scrubber performance over the life-time of the vessel.

The Agreement provides for a flat yearly fee, lifecycleoriented services from the Alfa Laval PureSOx 360° Service Portfolio, including remote monitoring of scrubber performance through connectivity module, service kits, minimum
inventory of genuine Alfa Laval spares parts on board and ashore for remote trouble-shooting and sensor calibration by exchange.

In addition, the Agreement provides for training of Company’s crew members and superintendents at the Alfa Laval PureSox training center in Shaghai, China.

15 Alfa Laval PureSOx Scrubbers have been installed at COSCO retrofit
shipyards with engineering design of Alfa Marine Consulting P.C., and five more are scheduled to be installed within the first quarter of 2020 after the resumption of shipyard operations following the Chinese New Year, concluding the Company’s scrubber retrofit program.

The remaining 21 vessels of Company’s fleet are operated using compliant fuels, having timely completed tank cleaning and all other related actions for such transition according to their respective Ship Implementation Plan in accordance with IMO provisions.

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Etihad targets zero net carbon emissions by 2050, in expanded commitment to environmental sustainability

Etihad Airways, the national airline of the United Arab Emirates, today committed to a minimum target of zero net carbon emissions by 2050

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Etihad targets zero net carbon emissions by 2050, in expanded commitment to environmental sustainability. Image: Wikimedia/ Richard Vandervord
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Etihad Airways, the national airline of the United Arab Emirates, today committed to a minimum target of zero net carbon emissions by 2050 and halving of its 2019 net emission levels by 2035.

The company’s ambitious environmental targets will be achieved through a mix of internal initiatives, collaboration with industry partners and adoption of a comprehensive program of relevant carbon offsets, to be developed with specific focus on the requirements of the UAE and markets served by the airline.

The Group Chief Executive Officer of Etihad Aviation Group, Tony Douglas, said: “The global focus on the environment and the urgency of reducing carbon emissions has never been greater. Etihad Aviation Group, together with its partners, is taking an active role in reducing the impact of aviation on the environment through initiatives ranging from optimised fuel management to sustainable financing practices.”

Today’s announcement came as part of Abu Dhabi Sustainability Week, an annual event in the capital of the UAE, where Etihad is headquartered.

Mr Douglas said the entire air transport industry, from airlines and suppliers to airspace providers, was responsible for helping to reduce aviation’s emissions, and solutions needed to be holistic and coordinated, not isolated and sporadic.

“Airlines have attracted significant scrutiny in the global discussion of the environment, and our collective challenge as a fast-growing industry is to deliver meaningful initiatives which can quickly help to contain and reduce carbon emissions,” he said.

The International Air Transport Association (IATA) predicts that the number of passenger journeys will more than double within 20 years, from 4.5 billion in 2019 to an estimated 9 billion by the late 2030s.

The International Transport Forum (ITF) at the Organisation for Economic Cooperation and Development (OECD) adds that international aviation will experience compound annual growth of 3.8 per cent to 2050, forecasting that traffic will reach 16.5 billion passenger kilometres, or 3.6 times 2015 volumes.

Recent sustainability initiatives taken by Etihad Aviation Group include:

  • Continued induction of the latest-generation, most fuel-efficient aircraft, including additional Boeing 787 Dreamliners, and plans for three new types – the wide-bodied Airbus A350-1000 and Boeing 777-9, and narrow-bodied Airbus A321neo. The next Dreamliner is due to arrive next week;
  • Commencement of the Etihad Greenliner Programme, in which the airline’s entire fleet of Boeing 787 aircraft will be used during normal scheduled flights as ‘test beds’ for sustainable products and practices;
  • Becoming the first airline to secure commercial funding conditional upon compliance with the Sustainable Development Goals of the United Nations. In partnership with First Abu Dhabi Bank and Abu Dhabi Global Markets, Etihad recently secured 150 million Euros to help finance the development of a multi-storey ‘eco residence’ for cabin crew living in Abu Dhabi. The airline is now exploring more opportunities for this style of funding;
  • Commitment to reduce single use plastics by 80 per cent by 2022, and;
  • Partnering in the development of sustainable aviation fuels including biofuel developed and refined in Abu Dhabi from saltwater-tolerant plants, and commitment to support the development of another sustainable jet fuel from municipal waste in Abu Dhabi.

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