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CMA CGM Has Finally Collaborated With Shell For Supplying Marine Biofuel The world-famous French container shipping organization CMA CGM has entered into a joint agreement with Shell for providing an incredible amount of tens of thousands of tons of marine biofuel to its existing fleet. The marine biofuel has made the headlines by becoming a highly effective fuel that is composed of 80% of low sulphur fuel oil and 20% of cooking oil. Of recent, CMA CGM has already achieved a huge milestone in the shipping industry by becoming the very first shipowner across the globe that has finished a successful trial of reaping the countless benefits of marine biofuel with respect to its two container vessels called CMA CGM Alexander Von Humboldt and CMA CGM White Shark respectively. This biofuel is claimed to go a long way in reducing the harmful emissions and eventually eliminating the sulphur oxides emissions, as well. Greek Company TOP Ships Has Added Two Scrubber-Fitted Tankers To Its Fleet The Greece-based shipping organization called TOP Ships has acquired not one but two ultra-high product/chemical tankers that are fitted with advanced scrubbers. The tankers are currently being built at the well-known Hyundai Mipo Dockyard Co. Ltd. that is located in South Korea. TOP Ships has made it clear to the media that it has purchased the issued and outstanding shares of Santa Monica Inc. and Santa Catalina Inc.( the two scrubber-fitted tankers) that fall under the banner of Marshall Island. The vessels will definitely incorporate the latest technology and will prove to be highly efficient in the maritime arena, thus becoming two brand new assets in the fleet of the international ship-owning company. India Embraces The Modern Concept Of Efficient Ship Recycling Reflecting on the urgent need of the hour to preserve our environment, the Indian government has provided the Recycling of Ships Bill in 2019 to facilitate the recycling of vessels by strictly following a set of international standards and applying the statutory mechanism regarding them. This Act is very effective in banning the use or installation of hazardous materials, though not completely applicable non-commercial vessels and warships. The European Sea Ports Organisation Acts In Accordance To The European Green Deal The European Sea Ports Organisation (ESPO) has embraced the European Green Deal that was published on 11th December and aims to transform into the first climate-neutral continent in the whole world by the year 2050. Currently, avid discussions are going on to formulate a top-notch strategy in planning how the European ports can contribute along with the implementation of necessary policies and financial techniques. The European Green Deal has the power to influence all segments of the economy in Europe, which includes energy, buildings, agriculture, transport with respect to industries like cement, textiles, ICT, and chemicals. Sri Lanka Plans To Double The Crude Oil Tank Capacity By 2020 Sri Lanka has strategized to double the crude oil tank capacity by 2020 along with the joint collaboration with Japan with respect to a tripartite LNG terminal and power plant agreement as put forward by the Transportation, Power and Energy Minister. The present two-week fuel storage capacity is likely to be enhanced to four weeks soon enough by 2020 that will make sure that there is no dearth of oil and no chance of another devastating oil crisis in Sri Lanka. Sources: https://splash247.com/cma-cgm-partners-with-shell-in-biobuel-move https://www.marinelink.com/news/top-ships-acquires-scrubber-fitted-473992 http://www.eximin.net/NewsDetails.aspx?name=42841 https://www.porttechnology.org/news/european-ports-welcome-green-deal-ambitions/ http://www.maritimegateway.com/sri-lanka-double-crude-oil-tank-capacity-2020/