By Ahmad Ghaddar AMSTERDAM, May 23 (Reuters) - Shipowners, who are facing one of the biggest changes in the oil industry in decades, are seeing more fuels that will be compliant with new rules on sulphur emissions from ships, but some say the way forward is far from clear. The United Nations shipping agency the International Maritime Organization (IMO) will from January … [Read more...]
Super Sniffer Drones and Jail: Regulators Get Tough on Shipping
By Jack Wittels and Ann Koh (Bloomberg) -- Teams of drones are about to start policing the skies of some of the world’s busiest shipping ports. Their target? Environmental rule-breakers. It might sound -- and look -- like something out of a Marvel Avengers movie, but for many ports around the world, these so-called sniffer drones are the best way to enforce new regulations … [Read more...]
Carriers Relieved as IMO Tables Proposal for Mandatory Ship Speed Limits
By Mike Wackett (The Loadstar) - The 74th sitting of the IMO’s Marine Environment Protection Committee (MEPC) ended on Friday without agreement of any of the proposals put forward to reduce GHGs (greenhouse gas emissions) from shipping. They included a French and Greek proposal, supported by 120 shipping companies, to impose a mandatory speed limit on shipping. However, … [Read more...]
IMO Agrees on Stricter Efficiency Targets for Some Ships
By Nina Chestney LONDON, May 17 (Reuters) - The International Maritime Organization (IMO) on Friday agreed stricter energy efficiency targets for certain types of ships in an effort to speed up action to cut the sector's emissions. The IMO's Marine Environment Protection Committee has been meeting in London this week to discuss tougher rules on sulfur emissions and other … [Read more...]
IMO 2020 Will Disrupt Markets for 1-5 Years -Boston Consulting Group
By Erwin Seba HOUSTON, May 16 (Reuters) - The marine industry's January 2020 shift to using very low sulfur fuel oil (VLSFO) to power ships worldwide will launch a one- to five-year disruption in oil and refined products markets, according to a study released Thursday by Boston Consulting Group. The International Maritime Organization (IMO)'s mandated switch will require … [Read more...]