BSJ Launches Environmental Management Systems Standard

first_imgStory Highlights This international standard provides guidance for all organisations, particularly micro, small and medium-sized enterprises (MSMEs), on the phased development, implementation and maintenance of an EMS within their entities. Importantly, it will assist organisations in adequately observing the ban imposed on plastics and styrofoam. The Bureau of Standards Jamaica (BSJ) has launched Jamaican Standard (JS) ISO 14005:2017 – Environmental Management Systems (EMS) Guidelines. The Bureau of Standards Jamaica (BSJ) has launched Jamaican Standard (JS) ISO 14005:2017 – Environmental Management Systems (EMS) Guidelines.This international standard provides guidance for all organisations, particularly micro, small and medium-sized enterprises (MSMEs), on the phased development, implementation and maintenance of an EMS within their entities.Importantly, it will assist organisations in adequately observing the ban imposed on plastics and styrofoam.Speaking at the launch on Wednesday (March 27) at the BSJ’s Winchester Road offices, Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, said that the standard is in keeping with measures to inculcate a culture of sound environmental stewardship.He noted that the national standard is applicable to any organisation, regardless of its level of development, the nature of the activities undertaken or the location at which they occur.He added that standards are a proven way of ensuring that entities and individuals implement and practise environmentally friendly behaviours to reduce waste and pollution in the society.The JS ISO 14005, in particular, is a global benchmark for environmental management best practice that can be applied to businesses of any size.“The real benefit of ISO 14005 is that it can significantly improve an organisation’s environmental performance while greatly improving its bottom line at the same time. To enjoy the benefits of the standard, it is vital that each member of an organisation, regardless of position or role, be aware of and take responsibility for environmental management,” Mr. Shaw said.He noted that the launch not only brings attention to the standard, but also seeks to energise activities around its use as a tool to achieve the government’s mandate to reduce the impact of plastics on the environment.“This will be facilitated through the combined efforts of the BSJ and identified partners,” he said.Meanwhile, Executive Director BSJ, Hopeton Heron, noted that the agency continues to align its activities to the national strategy.“The BSJ is not only supporting the ban on the use of single-use plastics, but we are publicly endorsing the importance of taking all the necessary measures in order to protect the environment,” he said.“Every organisation, in some way, affects the environment, which eventually affects public health,” Mr Heron said.Benefits of an EMS include ultimate cost savings by implementing measures in product design to avoid or minimise environmental impacts; optimisation of manufacturing operations to reduce the quantity and quality of waste generated, including opportunities for recycling; and optimal water and energy use or energy and water consumption.last_img read more

Odfjell SE 2018 the Turning Point for Chemical Tankers

first_imgzoomImage Courtesy: Odfjell The chemical tanker market remained challenging in the third quarter of this year, however, it stabilized quarter-on-quarter, according to Norwegian shipping and tank terminal company Odfjell SE. “The chemical tanker market remained depressed during the quarter, but we continue to believe that 2018 is the turning point for the chemical tanker markets,” Kristian Mørch, CEO Odfjell SE, said.General demand and COA nominations remained high during the quarter but the spot rates continued to soften slightly due to the continued supply pressure from “swing tonnage” from other tanker segments, mainly product tankers.The global core chemical tanker orderbook stands at 8% of the current fleet. The global deep-sea fleet based on vessels larger than 18,000 dwt grew by 9 vessels in 3Q as 11 vessels were delivered, and 2 vessels were scrapped. Two new orders of 19,000 dwt chemical tankers were concluded during the quarter, the company said.Overall, Odfjell SE  posted a net loss of USD 31 million compared to USD 120 million in the last quarter, which was impacted due to one-off costs related to the sale of the Rotterdam terminal. The loss was widened year-on-year as in Q3, Odfjell booked a net loss of USD 10.5 million. EBITDA of USD 27 mill from Odfjell Tankers EBITDA of USD 4 mill from Odfjell Terminals  “Adjusting for the Rotterdam terminal, our terminal division delivered stable results. We have positioned ourselves well for the future, both within tankers and terminals, with one of the most energy efficient fleets in the world,” Mørch added.During the quarter the company took delivery of the first vessel from Sinochem on a bareboat contract. The remaining three vessels from Sinochem will be delivered during the fourth quarter of 2018.The company said that another four vessels owned by Sinochem will enter into the pool operated by Odfjell, where Odfjell will receive a management fee plus profit splits.In October, Odfjell took delivery of one newbuilding Bow Precision on long-term TC from Shin-Kurushima shipyard and does not have any further newbuilding deliveries in 2018.The company’s tank terminal business delivered an EBITDA of USD 3.9 mill in the third quarter of 2018 versus USD 8.9 mill in the previous quarter.“The decrease was impacted by the fuel oil spill in the Rotterdam harbor, interrupting storage and distillation business due to the closure of the port. The sale of the Rotterdam terminal also led to fewer days of income contribution for the terminal. The result was also impacted by higher G&A related to the restructuring of the Odfjell Terminals organization,” the company said, adding that it expects Odfjell Terminals results to improve in the final quarter of the year.last_img read more