India: Shipowners against move allowing PSU oil firms to import crude on CIF/CFR basis

The Indian National Shipowners’ Association (INSA) has written to the Prime Minister seeking reversal of a recent decision of the Shipping Ministry to allow PSU oil companies to buy 35 per cent of crude imports on CIF/CFR basis. It believes that such a decision will lead to an outflow of $771 million (₹5,685 crore) to
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European shipowners welcomed the free trade agreement between the EU and Singapore, which was signed during last week’s Asia-Europe summit. “European shipowners welcome the fact that the EU and Singapore show their commitment to free, fair and rules-based trade at a time that protectionism is on the rise,” Martin Dorsman, ECSA’s Secretary General, said. “Shipping needs global
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The EU and Singapore signed landmark agreements during last week’s Asia-Europe summit. “European shipowners welcome the fact that the EU and Singapore show their commitment to free, fair and rules-based trade at a time that protectionism is on the rise”, said ECSA’s Secretary General Martin Dorsman, “The EU-Singapore FTA text contains the liberalisation principles of
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The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO). At the same time, it fully supports the effective implementation and enforcement of the new regulation
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The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO). At the same time, it fully supports the effective implementation and enforcement of the new regulation
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Ship owners accelerated installations of engine cleaning systems this year ahead of stringent new rules in 2020 which sharply reduce the amount of sulphur ships can emit from the 3.5 percent in current bunker fuel to 0.5 percent, according to a report. Vessel operators can either switch to cleaner, but more expensive, marine gasoil or
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The Organization of the Petroleum Exporting Countries (OPEC) expects a significant level of non-compliance with the 2020 sulphur cap, especially in the early implementation years. In its recently released Reference Case, the organization assumed that about 70 percent of shipowners will comply with the new rules,  i.e. have scrubbers or switch to low sulphur bunkers
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Ship recycling yards approved by the EU will have enough capacity to handle demand from EU-flagged ships that need to be scrapped, a new analysis shows. The shipping industry wants low-cost ship ‘breaking’ yards outside the EU – with dangerous working conditions and poor environmental standards – to be added to the EU list of
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The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported financial results for the six months ended 30 June 2018. The Club recorded a 106.4% combined ratio, which was in line with expectations and underlines the Club’s support for its Members. The Club’s investment portfolio saw a loss of
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Hoist the mainsail — a thing that looks like a giant vertical pipe — and switch on your battery the size of a small bus: merchant shippers are trying out bold new approaches in their battle to improve environmental performance against a backdrop of mounting regulatory pressure. Maersk Tankers A/S is testing two almost 100-foot-high
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