All Eyes on IMO: U.N. Shipping Regulator Under Pressure to Reduce CO2 Emissions from Ships

By Jonathan Saul and Nina Chestney LONDON, April 9 (Reuters) - The United Nations' shipping agency is under pressure this week to agree on a plan to cut carbon emissions from the sector, following years of slow progress, but the strategy could fall well short of what is required to limit global warming. The shipping sector, along with aviation, avoided specific emissions cut … [Read more...]

Marshall Islands Becomes Top Flag for World’s Tanker Fleet

The Marshall Islands Registry has obtained the status of the number one ship registry for the world's tanker fleet with 44.6 million gross tons, the Registry announced Monday. The status was achieved over the summer with the addition of tonnage from markets in Greece, the United States and Asia. The Marshall Islands Registry now stands at at total 137.3 million GT, with … [Read more...]

Why Is The Marshall Islands Now A Top U.S. Crude Export Destination?

By Henning Gloystein (Reuters) Long a shipping registry but best known for diving, lagoons and the island that gave the world the name for the bikini swimsuit, the Marshall Islands is now gaining attention as a top-five destination for U.S. crude exports despite the lack of a refinery to process the oil. The shipments to the Marshall Islands, a tiny atoll nation in the … [Read more...]

First certificate of compliance issued for MLC 2006 requirements

Lloyd's Register has issued the first ILO Maritime Labour Convention (MLC 2006) certificate of compliance "pre-convention", or ahead of entry into force, to Marshall Islands-flagged tanker Kraslava, operated by the Riga-based LSC Shipmanagement SIA. The Marshall Islands was the first to help the ships in its registry to undergo the inspection process by completing part one … [Read more...]