Bangladesh has remained largely quiet for much of the week as they observe the ongoing price reductions, whilst local Recyclers expect further falls ahead.

Indian steel plate prices have declined by nearly $45/LDT over recent weeks, leaving Alang Buyers rather spooked and fearful to maintain previous offers, or even consider offering on any fresh units. Yet, as the week drew to an end, there were signs of a slight rebound on steel prices and sentiment.

Of course, it may still take a couple of weeks of stability before end Buyers return to the bidding tables once again. Notwithstanding, the market appears to have peaked at these exceptional numbers above $600/LDT and end buyers are struggling to reconcile themselves with fresh purchases at these impressive levels.

Many expect a weaker market going into 2022, but the industry overall has been surprised by the continued performance of the market through the course of the year, as prices have surged above and beyond all expectations, having more than doubled from a low of almost $250/LDT through the halfway point of 2020.

Pakistan remains stranded on the sidelines, watching market developments in both India and Bangladesh, hoping to get hold of a bargain or two, even though the supply of vessels for recycling remains remarkably sparse.

On the Turkish end of things, despite demand remaining firm, the dearth of supply has kept local yards increasingly eager for tonnage, while the Lira breaks even more records against the U.S. Dollar.

For week 48 of 2021, GMS demo rankings / pricing for the week are as below.

Source: www.marinelink.com

Image: www.pexel.com

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Throughout this year, the Port Authority of Leixões (APDL) will present its Energy Transition Roadmap, which should guide concrete actions aimed at making Leixões one of the first non-polluting ports, placing it at the level of the main ports in the world and redoubling its commitment to the growth of a sustainable activity.

Achieving carbon neutrality and energy self-sufficiency by 2035, will mean doing so 15 years earlier than stipulated in the so-called European Green Deal. A commitment made by all EU member states to achieve climate neutrality and setting out a continental strategy to make European ports the first emission-free zone in the world by 2050.

Nuno Araújo, president of the board of directors of APDL, commented: “The goal is to become an international reference port in southern Europe in the transition to a new energy system based on the use of its own natural resources, with the ambition to be a self-sufficient port with zero emissions”,

The decarbonisation plan does not only include measures aimed at phasing out fossil fuels but also the main source of energy in port activity. This will require a search for innovative formulas to generate energy using the natural resources of the port as well as for alternative proposals to be more efficient in consumption.

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“I want to announce that in support of the global effort to keep us in reach of 1.5 degrees Celsius and in support of global efforts to achieve net zero by no later than 2050, the United States is committing to work with countries in the IMO to adopt the goal of achieving net zero emissions from international shipping by no later than 2050,” he told a conference hosted by the Ocean Conservancy.

The global sector emits 1 billion metric tons of carbon dioxide each year, according to the Ocean Conservancy, on par with Germany’s annual emissions.

The United States, along with Saudi Arabia, had been one of the two countries to issue a formal “reservation” on the IMO’s initial greenhouse gas strategy.

Kerry told the conference that the United States will help deploy the technologies needed to rapidly reduce the sector’s emissions, which he said are “known to us” that require investment to scale up.

European Union and British officials sent a letter to Biden in March urging the United States to address shipping emissions in its forthcoming climate plan under the 2015 Paris agreement and that responsibility for all ship emissions be split between the country of origin and country of destination.

The United States is expected to announce its new goal, known as a Nationally Determined Contribution, as soon as Wednesday ahead of the summit.

The Ocean Conservancy, a nonprofit environmental group based in Washington, called on the Biden administration to commit to its own zero-emissions goal by 2035, saying that under international law the country can require all ships docking at domestic ports adhere to a clean shipping standard.

source: Reuters (Reporting by Valerie Volcovici; Editing by Marguerita Choy, Jonathan Oatis and Lisa Shumaker)

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Under the partnership, AFKLMP Cargo will use SAF on selected international cargo flights carrying Koppert’s agricultural and horticultural products for biological pest control.

SAF is a jet fuel made from renewable sources such as cooking oil and a sustainable alternative to fossil fuel that reduces carbon emissions by a minimum of 75%.

Koppert and AFKLMP Cargo have been working together for almost 20 years and will be the first AFKLMP Cargo freight shipper to join the SAF programme.

The international biocontrol company is participating in AFKLMP Cargo’s SAF programme in an effort to reduce its transport-related carbon emissions by 50% by 2030. Its live cargo of beneficial insects, fungi and other microbiological substances must be handled with special care so that they arrive at their international destinations in good health and can be used to control pests and diseases in food, floriculture and other crops around the world.

Koppert’s biocontrol products offer a sustainable alternative to chemicals in horticulture and agriculture.
“We have signed an agreement under which we will purchase a full year of sustainable aviation fuel, thereby reducing our carbon dioxide to a level comparable to emissions from our shipments flown by AFKLMP to our main market, the North American continent,” said Martijn van de Waarsenburg, corporate manager supply chain at Koppert.

GertJan Roelands, SVP sales & distribution for Air France KLM Martinair Cargo, added: “We are proud to partner with Koppert Biological Systems, a leading Dutch company that attaches great importance to sustainability. The SAF programme enables different stakeholders in the logistical airfreight industry to power a percentage of their flights with SAF.

“Customers determine their own level of engagement and we ensure that their entire investment is used for sourcing SAF. By participating in our programme, our customers not only reduce their carbon footprint, but confirm their commitment to leading the industry towards a more sustainable future. Only with the support of all stakeholders can we successfully develop a more viable market for SAF.”

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“Going forward, we will only order ships which have zero carbon emission capability,” managing director of the company’s Singapore arm, Rene Piil Pedersen told S&P Global Platts on the sidelines of the Marine Money conference held in Singapore on April 20.

This means that even though these new ships will have dual fuel engine capability and can use diesel when zero carbon emitting fuels are unavailable, this will only be opted as a last resort.

“The diesel fuel [in new build ships] will only be a backup if availability of zero carbon fuels is not there,” Pedersen said.

The halt in purchase does not include ships for which the order has already been placed, he said, but added that the company’s orderbook as a percentage of total fleet size is very small.

Maersk is now focusing on innovative supply chain solutions, integrating inland services and logistics along with decarbonization of ocean transportation, he said.

“It’s a chicken and egg situation where we can identify the technology, but the infrastructure to back it up is a challenge,” Pedersen said.

His comments assume significance because the company has around 700 container ships, including both own and operated, which consume around 10 million mt of fuel annually and has a potential of around 30 million mt of carbon emissions.

What is put in the engine and how it is designed is a very big challenge, he said, and many participants at the conference said cost effective solutions to meet it will be key.

Owners may not consider it viable to pay 20%-25% higher for a new ship just because it does not have any carbon emissions, but Joshua Politis, deputy managing partner at Transport Capital pointed out that at present, there is a lot of credit available chasing very few opportunities.

Order book for ships with dual fueled engines is at present dominated by “very large players” in the maritime industry, but for decarbonization to succeed, medium-sized owners should be brought onboard this initiative as they control a third of the world’s merchant fleet, Politis said.

Few months ago, Maersk ordered a 2,000 TEU container ship with zero carbon emission capability, that will run on dual fuels — methanol and diesel — and will be ready for operation by 2023.

“It is by no means a solution, but it is a start,” Pedersen said.

“We tested the methanol technology before opting it. Every technology has its advantages and disadvantages and in the next decade many technologies will be tested,” he said.

It is not just a case of picking up an alternative fuel to replace the traditional fossil fuels, they need to be tested properly because they will be used for the next 50-60 years, he added.

To meet its objective of being a zero carbon company by middle of the century, Maersk has so far reduced emissions by almost 46% compared with a 2008 baseline.

source:Platts

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The company has supported the production of 12,000 tonnes of biomethane – equivalent to a year’s fuel consumption by two 1,400 twenty-foot-equivalent (TEU) ships. The green gas is produced in part by the methanation of European-sourced organic and plant waste

CMA CGM intends to “push ahead” with the development of this biogas by investing in biomethane production facilities and studying the viability of liquefaction processes so that biomethane can be rolled out as a shipping fuel.

According to the company, 12,000 tonnes of guaranteed-of-origin biomethane is enough to fuel two 1,400-TEU LNG-powered ships operating on the Northern European Balt3 line between St Petersburg and Rotterdam for a full year.

Guarantee-of-Origin biomethane, coupled with CMA CGM’s dual-fuel gas-power technology, can reduce well-to-wake (entire value chain) greenhouse gas emissions by at least 67%; on a tank-to-wake basis (at ship level), the reduction reaches 88%.

Rodolphe Saadé, chairman and CEO of CMA CGM, said: “We have crossed a new step with the launch of the first low-carbon shipping offer based on biomethane.

“We know that there is still a long way to go to meet the commitments of the Paris Agreement. Achieving these goals does not rely on a single solution, but on a set of initiatives and new technologies complementary to each other.”

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The investment comes as LanzaJet continues its work to build the first Alcohol-to-Jet (AtJ) facility, a commercial-scale plant (10 million gallons per year capacity) in Soperton, Georgia, US. Freedom Pines Fuels, as it is called, continues on schedule with operations beginning in 2022.

LanzaJet’s technology is able to produce up to 90% of its fuels as SAF, with the remaining 10% as renewable diesel.  The SAF will be blended with conventional fossil jet fuel and be supplied to airports through the existing supply routes.

Anna Mascolo, President, Shell Aviation, said: “LanzaJet’s technology opens up a new and exciting pathway to produce SAF using an AtJ process and will help address the aviation sector’s urgent need for SAF.
“It demonstrates that the industry can move faster and deliver more when we all work together. Provided industry, government and society collaborate on appropriate policy mechanisms and regulations to drive both supply and demand, aviation can achieve net-zero carbon emissions.”

Jimmy Samartzis, LanzaJet CEO, added: “We’ve been at a crossroads for years and we’re now at a point in time when real solutions matter to address the global need to get to net zero. At LanzaJet, we’re in a unique position with technology that is ready and scaling today to produce lower-carbon, sustainable fuels. Shell’s investment and partnership helps to further advance our work to do our part to decarbonize aviation globally, a sector with limited other options in the near- and mid-term.”

Jennifer Holmgren, LanzaJet Board Chair and LanzaTech CEO, said: “We have an outstanding group of investors, leading in the energy transition and working across industries to reduce carbon emissions. I am delighted to welcome Shell to the LanzaJet family as we work together to realize our ambition of producing significant volumes of SAF from wastes to help the aviation sector meet their carbon reduction goals.”

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The aircraft will be purchased from Beta technologies (BETA) and used to augment UPS’s air service for select small and mid-size markets. The Beta aircraft’s 1,400-pound cargo capacity is ideally suited to more quickly and sustainably transport time-sensitive deliveries that would otherwise fly on small fixed-wing aircraft.

UPS’s use of the aircraft will benefit healthcare providers, thousands of small and medium-sized businesses, and other companies in smaller communities. With a 250-mile range and cruising speed of up to 170 miles per hour, UPS will be able to plan a series of short routes, or one long route, on a single charge to meet customers’ needs.

“This is all about innovation with a focus on returns for our business, our customers, and the environment,” said UPS chief information and engineering officer Juan Perez. “These new aircraft will create operational efficiencies in our business, open possibilities for new services, and serve as a foundation for future solutions to reduce the emissions profile of our air and ground operation.”

The aviation industry is focusing on small aircraft, which UPS uses to serve many small and medium-sized communities, to develop groundbreaking, sustainable electric-powered aircraft. BETA’s aircraft has four fixed vertical lift propellers and one pusher propeller for forward flight. It can charge in an hour or less, and produces zero operational emissions.

“We’re combining simple, elegant design and advanced technology to create a reliable aircraft with zero operational emissions that will revolutionise how cargo moves,” said BETA founder and chief executive officer Kyle Clark. “By utilising vertical takeoffs and landings, we can turn relatively small spaces at existing UPS facilities into a micro air feeder network without the noise or operating emissions of traditional aircraft.”

UPS has also reserved BETA’s recharging station for a seamless and fully integrated electric aviation system. The BETA charging station helps ensure safe and rapid charging of the aircraft in under one hour, and facilitates a quick turn for the loading and unloading of cargo. The charging station also offers the aircraft’s batteries a second life cycle.

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The fuel requirements on the flights are covered entirely by Sustainable Aviation Fuel (SAF), which are estimated to save around 174 tonnes of conventional kerosene each week.

Jochen Thewes, ceo of DB Schenker, commented: “As of now, carbon neutral supply chains are also feasible with air freight. Our weekly flights between Frankfurt and Shanghai are the kick-off of a new era. We are proud to have already convinced so many customers of this future-orientated product. Next, business and politics have to take charge to create more capacity for regenerative fuels and clean aviation.”

Dorothea von Boxberg, ceo of Lufthansa Cargo, added: “With the world’s first sustainable cargo flight with DB Schenker at the end of 2020, we demonstrated that flying without fossil emissions is already possible. Today, we jointly launched the world’s first regular sustainable cargo flight connection. This paves the way for many more connections of this kind. We are counting on the determination of our industry and the dedication of consumers to get this off the ground together.”

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