Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule
Clean Medium Range tanker freight rates have rallied this week as gasoline traders scramble to ship gasoline out of Northwest Europe, where a significant build in stocks has pressured gasoline prices.
Singapore plans to apply stricter control measures to the marine fuels sector, a move that industry sources say could boost transparency in a notoriously opaque industry.
With all the focus on complying with the 2020 sulphur cap the IMO’s Ballast Water Management Convention has slipped off the agenda with the need to comply seemingly an accepted fact whatever
With just over a year until the new marine fuel regulations are put in place, ship owners are heavily investing in scrubbers, while others are still facing dilemmas, regarding their future plans to comply with these regulations.
Singapore authorities are looking to apply stricter control measures across the marine fuels sector supply chain, a spokeswoman for the government agency Enterprise Singapore said on Thursday
Seaborne trade expanded by four percent in 2017, the fastest growth in five years, and UNCTAD forecasts similar growth this year, according to its Review of Maritime Transport 2018.
According to a survey conducted by Drewry, there is a significant concern among global shippers/BCOs and freight forwarders ahead of the IMO’s 2020 global emissions regulations
The Ocean Cleanup announced that it has the 'go' to continue its journey to the the Great Pacific Garbage Patch and start cleaning plastics, after two weeks of tests in the Pacific.
