Latest news with #ESPO
Zawya
11-08-2025
- Business
- Zawya
Jordan: ACT receives Port Environmental Review System certification from ESPO
AMMAN — The Aqaba Container Terminal (ACT) has become the first port in the region to receive the Port Environmental Review System (PERS) certification from the European Sea Ports Organisation (ESPO) and join the certified European EcoPorts network. The achievement positions the ACT as a regional leader in the sustainable port management, aligning its operations with the highest international environmental standards, the Jordan News Agency, Petra, reported. The internationally recognised accreditation follows a "rigorous" assessment of ACT's environmental policies and practices, including its "integrated" environmental strategy, "detailed" risk and compliance evaluations and transparent reporting in addition to strict adherence to marine and terrestrial cleanliness standards. The review also confirmed the port's "full" compliance with environmental regulations and its dedication to resource allocation for sustainable operations. ACT CEO Harold Nijhoff called the recognition a "milestone moment" for the terminal and the wider region. "As the first port in the region to join the EcoPorts network, we are setting a new benchmark for environmental responsibility and operational excellence," he said. "This achievement reflects our team's unwavering commitment to shaping a sustainable future for the region and beyond.' The certification was awarded after the ACT passed a 'stringent' external audit, which included a comprehensive review of its procedures and documentation, supported by over 64 pieces of evidence proving compliance with the ESPO's environmental management standards, he added. The ACT views the PERS certification as a strategic step in its long-term vision to become a world-class, sustainable logistics hub that supports the green economy, embraces global environmental trends, and boosts operational efficiency through eco-friendly innovations, Petra reported. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
09-08-2025
- Business
- Jordan Times
ACT receives Port Environmental Review System certification from ESPO
AMMAN — The Aqaba Container Terminal (ACT) has become the first port in the region to receive the Port Environmental Review System (PERS) certification from the European Sea Ports Organisation (ESPO) and join the certified European EcoPorts network. The achievement positions the ACT as a regional leader in the sustainable port management, aligning its operations with the highest international environmental standards, the Jordan News Agency, Petra, reported. The internationally recognised accreditation follows a "rigorous" assessment of ACT's environmental policies and practices, including its "integrated" environmental strategy, "detailed" risk and compliance evaluations and transparent reporting in addition to strict adherence to marine and terrestrial cleanliness standards. The review also confirmed the port's "full" compliance with environmental regulations and its dedication to resource allocation for sustainable operations. ACT CEO Harold Nijhoff called the recognition a "milestone moment" for the terminal and the wider region. "As the first port in the region to join the EcoPorts network, we are setting a new benchmark for environmental responsibility and operational excellence," he said. "This achievement reflects our team's unwavering commitment to shaping a sustainable future for the region and beyond.' The certification was awarded after the ACT passed a 'stringent' external audit, which included a comprehensive review of its procedures and documentation, supported by over 64 pieces of evidence proving compliance with the ESPO's environmental management standards, he added. The ACT views the PERS certification as a strategic step in its long-term vision to become a world-class, sustainable logistics hub that supports the green economy, embraces global environmental trends, and boosts operational efficiency through eco-friendly innovations, Petra reported.
Zawya
09-08-2025
- Business
- Zawya
Aqaba Container Terminal awarded PERS environmental certification by the European Sea Ports Organization
Aqaba, Jordan – Aqaba Container Terminal (ACT), the preferred gateway to Jordan, the Levant, and beyond, officially received the Port Environmental Review System (PERS) certification from the European Sea Ports Organisation (ESPO), marking a major milestone in the terminal's ongoing journey toward environmental sustainability and operational excellence. With this achievement, ACT becomes the first port in the Middle East to join the accredited European EcoPorts network. The internationally recognized certification underscores ACT's commitment to adopting best-in-class environmental practices. The PERS certification was granted following a rigorous and comprehensive assessment process that evaluated the terminal's environmental policies, risk analysis, legal compliance, role clarity, resource allocation, and reporting accuracy. The audit also reviewed the terminal's efforts to maintain a clean marine and land-based environment and its full adherence to international environmental requirements. Commenting on this achievement, Harald Nijhof, Chief Executive Officer of Aqaba Container Terminal, said, 'It is our absolute pride to receive the PERS certification from the European Sea Ports Organisation. It is a milestone that underscores our unwavering commitment at Aqaba Container Terminal to environmental stewardship and operational excellence. As the first port in the Middle East to join the EcoPorts network, we reaffirm our responsibility to lead by example in shaping a more sustainable future for our region and beyond with the dedication of our entire team.' The certification follows ACT's successful completion of a rigorous external audit process, during which more than 64 pieces of supporting evidence were submitted, validating the terminal's compliance with the core requirements of the ESPO's environmental management system. Securing the PERS certification represents a key step in ACT's broader vision of becoming a sustainable logistics hub, one that supports the green economy, aligns with global environmental standards, and enhances efficiency through eco-friendly practices. ACT extends its deepest appreciation to all team members and partners whose efforts contributed to this accomplishment. The terminal remains firmly committed to upholding the highest environmental standards and promoting a culture of sustainability across all facets of its operations. To learn more about the EcoPorts Global Network, visit:
Reuters
06-08-2025
- Business
- Reuters
Russia ships first naphtha cargo to Vietnam, data shows
MOSCOW/SINGAPORE, Aug 6 (Reuters) - Russia has shipped its first naphtha cargo to Vietnam, as it looks for new buyers to support sales hit by Western sanctions, data from traders and shipbrokers showed. According to LSEG and Vortexa shipping data, the Malta-flagged tanker Northernlight loaded around 60,000 metric tons of naphtha in the Russian Baltic port of Vysotsk on June, 23 and delivered its cargo at Vietnam's Khanh Hoa terminal. State-owned Petrolimex did not respond on Reuters request to comment. The tanker discharged up to 27,000 tons of naphtha at Khanh Hoa, one of the sources said, adding that the terminal mostly consists of bonded storage tanks. According to LSEG and Vortexa data, after the Vietnam stop the Northernlight is heading to Chinese port of Dalian to discharge the rest of its cargo. Since the European Union's full embargo on Russian oil products went into effect in February 2023, countries in the Middle East and Asia have become the main destinations for Russia's naphtha supplies. Naphtha is a primary feedstock in the petrochemical industry for producing olefins and aromatics, which are then used to manufacture a wide array of products, including plastics, synthetics, and various other chemicals, and also used for gasoline blending. Russia doesn't supply oil to Vietnam, despite active cooperation in the oil industry between state companies. The only test supply was back in 2015, when a cargo of ESPO was shipped to Dung Quat refinery.
Time of India
01-08-2025
- Business
- Time of India
How Moscow might respond if Trump stops Russian oil to India
President Trump's demand for India to cease Russian oil imports threatens Russian revenues, potentially triggering retaliation by halting the U.S.-led CPC pipeline. India, a major buyer of Russian oil since 2022, faces tariffs if it continues purchases, prompting state refineries to pause orders. This disruption could lead to a global supply crisis and higher oil prices. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads U.S. President Donald Trump 's demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply the world's third largest oil importer, has become the biggest buyer of Russian oil since 2022, purchasing up to 2 million barrels per day of oil accounting for 2% of global supply. Other top buyers are China and Indian route is so important for the Kremlin that if disrupted it could prompt it to retaliate by closing the CPC pipeline from Kazakhstan, where U.S. oil majors Chevron and Exxon hold big stakes, analysts at JP Morgan said this week."Russia is not without leverage," the U.S. bank has threatened to slap tariffs of up to 100% on countries that buy Russian oil unless Moscow reaches a peace deal with Ukraine by August 7-9. A 25% tariff on all U.S. goods imports from India starts on reported on Thursday that Indian state refineries had paused purchases of Russian oil this week amid Trump's only began buying large quantities of oil from Russia, the world's second largest oil exporter, since 2022. It became a top importer after Europe, Russia's former top client, imposed a ban on Russian oil over its military actions in Ukraine. Russia's oil giant Rosneft has a major stake in one of India's biggest oil is now 35% reliant on Russian oil imports worth $50.2 billion in the 2024-25 fiscal year, according to India's government data."Cutting off this flow would require a massive realignment of trade flows," said Aldo Spanjer from BNP Paribas, adding that the global supply was already buys all varieties and grades of Russian oil - including Urals from Western ports, ESPO and Sokol from the Pacific and some grades from the Arctic, according to LSEG would be hit hardest if India stops buying as it purchases up to 70% of Russia's biggest export grade by volume. India's oil minister said the country can find alternative would need to raise imports of U.S. and Middle Eastern crude or cut refining runs, leading to a spike in diesel prices, especially in Europe, which imports fuel from India."Indian refiners will still struggle to replace the heavy quality of Russian crude so they may end up paring runs," said Neil Crosby from Sparta has managed to continue selling oil since 2022 despite international sanctions, although it sells it at discounts to global global prices mean Russia's income is already under pressure. Its oil and gas revenue fell 33.7% year-on-year in June to its lowest since January 2023, finance ministry data showed. Revenues will fall 37% in July due to weaker global oil prices and a strong rouble, Reuters calculations firms will need to store oil on tankers if India stops buying, paying extra money for shipping charges and being forced to offer wide discounts to new buyers, traders said.A loss of 2 million bpd of exports might also gradually prompt Russia to start reducing oil production from the current levels of 9 million bpd, traders said. Russia's current production is regulated by OPEC+ could potentially divert some 0.8 million bpd of oil to Egypt, Malaysia, Pakistan, Peru, Brunei, South Africa and Indonesia, JP Morgan could also disrupt the CPC pipeline to make sure the West feels the pain from higher oil prices. Western oil firms Exxon, Chevron, Shell, ENI and TotalEnergies ship up to 1 million bpd via CPC, which has total capacity of 1.7 million bpd."If we get a visible and substantial difficulty in clearing Russian crude and Putin shuts off CPC, oil prices might get well over $80 per barrel, possibly a lot more," said CPC pipeline crosses Russian territory and the consortium has clashed with Moscow, which ordered it to suspend operations for several days in 2022 and 2025 citing environmental and tanker regulations.A combined stoppage of CPC and Russian flows to India would create a disruption of 3.5 million bpd or 3.5% of global supply."The Trump administration, like its predecessors, will likely find sanctioning the world's second-largest oil exporter unfeasible without spiking oil prices," JP Morgan said.
