May 17, 2020

IMO lays down new green shipping measures

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Freddie Pierce
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Seeking a larger capesize fleet, dry cargo shipper DryShips acquires OceanFreight for $118M
One small step for the United Nations. One giant leap for the safeguarding of our planet. In an unprecedented move by the U.N. last Friday, the agency...

One small step for the United Nations. One giant leap for the safeguarding of our planet.

In an unprecedented move by the U.N. last Friday, the agency ruled that global merchant marine shipping companies must meet energy efficiency standards and cut down on carbon pollution.

The decision by the International Maritime Organization is looking to remedy the fuel source for many of the world’s largest freighters, which run on bunker fuels, which are some of the most heavily polluting oils in the world.

According to the International Maritime Organization, 2.7 percent of global carbon emissions in 2007 where from shipping, but that number could double or even triple by the middle of this century if no action is taken.

The best part of the new shipping regulations is that solutions for the problem will be up to the ship builders, which should pave the way for innovation in the ocean freight industry.

“As long as the required energy-efficiency level is attained, ship designers and builders would be free to use the most cost-efficient solutions for the ship to comply with the regulations,” the regulation said.

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The new rules stipulate that new ships built in the first five years after 2015 would have to improve fuel efficiency by 10 percent, and would be further tightened every five years after that.

The IMO is aiming for a 30 percent reduction by 2030 from the averages of ships built between 1999 and 2009.

There are still problems with the measures taken by the International Maritime Organization, as those opposed are worried that the new measure is not enough in that existing ships are not bound to the green agreement.

“There will be no change to existing ships, which are currently pumping a billion tons of carbon dioxide each year,” Jacquilne Savitz of the nonprofit Oceana told The Washington Post.

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Jun 21, 2021

Elon Musk's Boring Co. planning wider tunnels for freight

BoringCompany
supplychain
freight
elonmusk
2 min
Elon Musk’s tunnelling firm plans underground freight tunnels with shipping containers moved on “battery-powered freight carriers”, according to reports

Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports. 

A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers. 

Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US. 

The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two. 

 

Boring Co.'s new freight tunnels

The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.

The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete. 

Tesla’s supply chain woes 

Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue. 

Elon Musk Tweet

Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely
 

Top Image credit: The Boring Company / @boringcompany

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