Shipping, Energy Tax Could Help Foot $1T to Combat Climate Change - COP29
The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming. Some see new taxes as one way to get there. The Global Solidarity Levies Task Force (GSLT), led by France, Barbados and Kenya, is exploring the issue. Below are excerpts from its latest report on the options being discussed -- as it pertains to shipping and fossil fuels -- and estimates about how much could be raised.SHIPPINGThe levy that could be closest to being agreed is for shipping…
Houthis Target Three Ships in Red Sea and Arabian Sea
Yemen's Houthis said on Monday that they targeted three ships in the Red Sea and Arabian Sea, attacks they called part of their efforts to enforce a naval blockade on Israel.Houthi military spokesperson Yahya Sarea said in a televised address the vessels were targeted for attempting to approach ports bound for Israel.According to the latest data from LSEG, all three targeted vessels were Liberia-registered.One of the vessels, identified by the Houthis as bulk carrier Motaro, was last seen off Yemen's western coast in the Red Sea…
Liberia-flagged Tanker Struck off Yemen
A Liberia-flagged tanker was struck by an unidentified projectile in the Red Sea causing minor damage, but no casualties, British maritime security agencies said on Thursday.The incident occurred about 73 nautical miles (135 kilometres) southwest of the Yemeni port of Hodeidah, security firm Ambrey said.The United Kingdom Maritime Trade Operations agency (UKMTO) said separately that it had received a report of an incident in the same area, adding authorities are investigating.The chemical/products tanker, en route from Saudi Arabia's Jeddah to Muscat in Oman was struck on its starboard side.
IMO Finalizes Norwegian and Canadian ECA Designations
The IMO’s Marine Environment Protection Committee (MEPC) held its 82nd session from September 30 to October 4, 2024, with outcomes including the adoption of the Canadian Arctic and the Norwegian Sea as NOx, SOx and PM Emission Control Areas.The relevant MARPOL amendments will enter into force on March 1, 2026.DNV reports that for the Canadian Arctic:• The 0.10% fuel sulphur content requirement takes effect from March 1, 2027.• Tier III NOx requirements will apply to ships constructed (keel-laid) on or after 1 January 2025…
Two Vessels Damaged in Attacks Off Yemen
Two vessels sustained damage after being hit with missiles and a sea drone off Yemen's Red Sea port of Hodeidah early on Tuesday, maritime security agencies and sources monitoring the area said.Both vessels reported that their crews were safe.One of the vessels, the Panama-flagged tanker M/T Cordelia Moon, reported being hit by an Uncrewed Surface Vessel (USV) 64 nautical miles northwest of Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) agency said.The vessel, which was in ballast condition…
Dark Tanker Fleet Activity Morphs
A new analysis from Windward reports a 20% decrease in the volume of direct oil voyages out of Russia in Q3 2024 compared to Q2.Q3 2024 marked the lowest monthly average of direct voyages from Russia to China since March 2023. When compared to Q2 2024 averages, there is a decrease of 12% in such voyages.This is the first total volume decrease since the beginning of the war between Russia and Ukraine and is likely related to the slight decrease in port calls in Russia this quarter.However…
Houthis Attack Same Container Ship Twice
Yemen's Houthi militants said on Saturday that they attacked a Liberia-flagged container vessel for a second time in the latest action against commercial shipping in the Gulf of Aden.Yemeni military spokesperson Yahya Saree's televised statement did not specify when the latest attack on the MV Groton took place.The United Kingdom Maritime Trade Operations said in an advisory note that two missiles exploded on Friday in close proximity to the vessel, 130 nautical miles east of Yemen's Aden. It said the crew was safe.
Tanker Adrift After Coming Under Attack in Red Sea
A Greek-flagged tanker was adrift in the Red Sea on Wednesday after repeated attacks that started a fire on the vessel and caused the ship to lose power, the UK maritime agency said.Iran-aligned Houthi militants have launched attacks on international shipping near Yemen since November in solidarity with Palestinians in the war between Israel and Hamas. They did not immediately claim responsibility for Wednesday's attacks.Passengers on two small boats attacked the Sounion, hitting…
Two Vessels Report Attacks in the Red Sea off Yemen
Two crude oil tanker ships reported coming under attack in the Red Sea off the coast of Yemen on Tuesday, although neither reported damage, maritime security agencies said.The attempted assaults on those vessels, identified as the Liberia-flagged Delta Atlantica and the Panama-flagged On Phoenix, bear the hallmarks of Iran-aligned Houthi militant attacks on international cargo shipping in solidarity with Palestinians in the war between Israel and Hamas.The Houthis have not claimed responsibility for Tuesday's attacks.
ICS Wants “Feebate” Solution for 2050 Targets
The International Chamber of Shipping (ICS), working with the governments of Bahamas and Liberia, is proposing a “feebate” (rewards) mechanism to ensure delivery of the IMO’s target to achieve net zero GHG emissions from international shipping by or around 2050.At the heart of the proposal is a GHG Fee, charged to ships per tonne of CO2 equivalent (CO2e) emitted, combined with a “feebate” mechanism to incentivize the accelerated production and uptake of zero/near-zero GHG marine fuels…
Iran Shipping Oil to New Destinations as Tehran Pushes Exports
Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, the latest sign of Tehran pushing to sustain output at close to its highest in five years.Oil sales are Iran's major revenue source and the country has been looking for ways to sidestep U.S. sanctions on its crude exports that former president Donald Trump re-imposed in 2018 over Tehran's nuclear program.Iran, which is exempt from output quotas set by the Organization of the Petroleum Exporting Countries (OPEC)…
Oil Tanker Attacked Four Times off Yemen
A crude oil tanker has reported four attacks off Yemen's port of Mokha during the last 24 hours, the United Kingdom Maritime Trade Operations agency said on Friday, and the vessel's manager said the ship and its crew were safe.Yemen's Iran-aligned Houthi militants have launched attacks on international shipping in the Red Sea region since November in solidarity with Palestinians in the war between Israel and Hamas.On Thursday, the captain of the Delta Blue tanker reported that…
Captain Says Vessel Attacked with RPGs Near Yemen
The captain of the Delta Blue crude oil tanker reported an attack from two small craft 45 nautical miles south of Yemen's Mokha, with a rocket-propelled grenade exploding near the vessel, the United Kingdom Maritime Trade Operations (UKMTO) agency said on Thursday.Iran-aligned Houthi militants have launched attacks on international shipping near Yemen since November in solidarity with Palestinians in the war between Israel and Hamas.The Liberia-flagged Delta Blue and its crew are safe…
US Hits Back After Houthis Target American Warships
U.S. military forces have struck at targets in Houthi-controlled Yemen in the past 24 hours, destroying two drones, a Houthi ground control station, and three anti-ship cruise missiles, the U.S. Central Command (CENTCOM) said.Earlier, the Iran-aligned Houthi movement said it had attacked a container ship in the Red Sea and two U.S. destroyers in the Gulf of Aden on Wednesday.CENTCOM said in a statement on the U.S strikes: "These weapons presented a clear and imminent threat to U.S.
Houthis Target Containership, US Warships in Latest Red Sea Attacks
Yemen's Iran-aligned Houthi movement said on Wednesday that it had targeted a ship identified as the Contship Ono in the Red Sea as well as two U.S. destroyers in the adjacent Gulf of Aden.The Houthi air force targeted U.S. destroyer Cole with a number of drones and the U.S.
Vessel Damaged in Houthi Attack Diverts to Djibouti
A container vessel that was hit by Houthi militants off Yemen on Saturday in the first such attack in two weeks, has arrived safely in Djibouti and the strike caused no injuries or water ingress, its Greek manager said on Monday.Yemen's Iran-aligned Houthis said on Sunday that they targeted the Liberia-flagged MV Groton in the Gulf of Aden with ballistic missiles, claiming their first attack on shipping lanes since Israel carried out a retaliatory airstrike in Hodeidah port on July 20.The MV Groton was hit by a missile 60 nautical miles off the coast of Yemen…
Houthis Claim First Attack on Shipping in Two Weeks
Yemen's Iran-aligned Houthi movement said on Sunday that it targeted a Liberia-flagged container vessel in the Gulf of Aden, claiming its first attack on shipping lanes since Israel carried out a retaliatory airstrike in Hodeidah port on July 20.Houthi military spokesperson Yahya Saree said in a televised statement that the MV Groton was attacked by ballistic missiles.British maritime agency UKMTO and British security firm Ambrey said on Saturday that the vessel was targeted by a missile 125 nautical miles east of Yemen's port of Aden.
Two More Ship Attacks Reported off Yemen
The United Kingdom Maritime Trade Operations (UKMTO) said on Saturday it had received a report of two attacks on a vessel 64 nautical miles (118.5 km) northwest of Yemen's Mokha, causing slight damage.It said the captain of the vessel reported attacks by an Uncrewed Aerial System, which exploded close to the vessel and by an Uncrewed Surface Vessel, which also exploded nearby.A maritime security source told Reuters that the vessel, which has been identified as a Liberia-flagged containership was attacked by a skiff and drones.
Possible Red Sea Oil Spill After Houthi Attack
Liberia-flagged oil tanker Chios Lion was assessing damage and investigating a potential oil spill after it was attacked by Yemen's Houthis in the Red Sea, the Red Sea and Gulf of Aden Joint Maritime Information Center (JMIC) said on Tuesday.An unmanned watercraft inflicted minor damage to Chios Lion's port side on Monday as part of a swarm of attacks by the Houthis on the vessel and another ship sailing around 100 nautical miles northwest of Yemen’s port city of Hodeidah."While originally headed south, following the attack the vessel turned around and back north out of the threat area to furt
Houthis Target Three Vessels, Including Oil Tanker
Yemen's Houthis targeted three vessels, including an oil tanker, in the Red and Mediterranean seas with ballistic missiles, drones and booby-trapped boats, they said on Monday.Houthi military spokesperson Yahya Saree said the latest Houthi military operations were a response to the Israeli airstrike on the southern Gaza Strip city of Khan Younis on Saturday, an attack that killed at least 90 Palestinians and wounded 300 others, according to the Gaza Health Ministry.In dozens of attacks since November…
CBP Cracking Down on Maritime Auto Theft
Each year, criminals try to smuggle countless stolen vehicles through U.S. ports, attempting to load them onto merchant vessels for destinations overseas.The U.S. Customs and Border Protection (CBP) has been cracking down on these efforts. During fiscal year 2023 (Oct.1, 2022 – Sept. 30, 2023), CBP recovered 1,316 stolen vehicles nationally before they could be exported from the United States—an increase of about 6.5%.To help stop the thieves, CBP performs rigorous import and export examinations.
Monjasa Adds Two Tankers for West Africa Operations
Oil and shipping group Monjasa on Wednesday announced it has added two secondhand tankers to its owned fleet, in a move that targets growth in West Africa’s offshore industry.The vessels are the 17,200 DWT Monjasa Rover (formerly Fure Nord) and 7,858 DWT Monjasa Hunter (formerly Annelise Theresa), the latter of which joins as a unique fleet addition targeting length-restricted offshore oil and gas vessels in West Africa, including FPSOs, Monjasa said.According to Monjasa, the…
Bulk Carrier Reportedly Sunk by Houthis in the Red Sea
Yemen's Houthi militants are believed to have sunk a second ship, the Tutor, in the Red Sea, the United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday.The Greek-owned Tutor coal carrier was struck by missiles and an explosive-laden remote-controlled boat on June 12 and had been taking on water, according to previous reports from UKMTO, the Houthis and other sources."Military authorities report maritime debris and oil sighted in the (Tutor's) last reported location," UKMTO said in a security update.The Tutor's manager could not immediately be reached for comment.One crew member…