Year In Review – Top Maritime Stories of 2020
What a year! With 2020 coming to a close, we’re taking a look back at the maritime stories that continued to make headlines all year long. IMO 2020 The year...
What a year! With 2020 coming to a close, we’re taking a look back at the maritime stories that continued to make headlines all year long. IMO 2020 The year...
By Jack Wittels (Bloomberg) — It was meant to be one of the greatest transformations in the history of oil and shipping. Instead, a sweeping regulatory change this year to clean...
By Ann Koh and Elizabeth Low (Bloomberg) — An increase in vessels being fitted with pollution-reducing kits and unusually strong demand for container shipping is providing a boost to the dirtiest...
By Laura Sanicola Oct 16 (Reuters) – The problem-plagued Limetree Bay refinery in St. Croix, Virgin Islands, may lose its main supplier of crude, oil major BP, if it isn’t...
By Ryan Hesketh and Jack Wittels (Bloomberg) — Shipping is the backbone of the global economy, responsible for about 90% of world trade. But it also accounts for almost 3%...
By Jonathan Saul LONDON, Aug 4 (Reuters) – Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released...
By Roslan Khasawneh SINGAPORE, July 21 (Reuters) – Seven months after the United Nations’ shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues...
SINGAPORE/BEIJING, June 22 (Reuters) – Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which would make the country self-sufficient in the...
The Port Authority of Singapore has reported a ‘high degree’ of compliance with new a international law limiting the sulphur content of fuel used by ships. In the first quarter...
LONDON, March 27 (Reuters) – Britain has suspended checks on ships for compliance with low sulphur fuel regulations as part of wider measures that cut back on inspections to reduce...
By Mike Wackett (The Loadstar) – MSC has become the first major ocean carrier to fall foul of the IMO’s ban on carrying non-compliant fuel. The 9,784 teu post-panamax MSC Joanna has been prohibited...
Ships carrying non-compliant high-sulphur fuel now face high fines and detention under new rules entering into force banning the carriage of such fuels, the International Chamber of Shipping warns. ...
By Jack Wittels (Bloomberg) — A tweak to new environmental rules for the shipping industry is just days from taking effect, closing off a loophole for would-be cheats looking to cut...
LONDON, Jan 27 (Reuters) – Green groups on Monday called for a ban on the use of new low sulfur fuel in the Arctic region, citing research showing that blends...
By Roslan Khasawneh and Muyu Xu SINGAPORE, Jan 23 (Reuters) – Chinese oil refiners are unlikely to boost their output of cleaner marine fuels until at least the second quarter...
The price of low sulphur fuel oil has dropped steeply in recent weeks at the bunkering hub of Singapore in a sign that the bunker market is stabilizing following the...
By Roslan Khasawneh SINGAPORE, Jan 23 (Reuters) – The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at...
By Firat Kayakiran and Jack Wittels (Bloomberg) –The world’s largest container shipping line is hiking up a fuel surcharge that it imposes to transport boxloads of goods across the world’s...
IMO Secretary-General Kitack Lim says the implementation of new International rules limiting the sulphur content of fuel used by ships has gone relatively smoothly. “I believe it is testimony to...
By Kyunghee Park (Bloomberg) –Container-shipping companies, some of the biggest polluters of the world’s oceans, are managing to pass higher costs onto customers after switching to more expensive fuel to...
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