OPEC: 30 Pct of Shipowners Won’t Be Compliant with 2020 Sulphur Cap Early On

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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The European shipowners are pleased with the European Council’s decision of 30 July to extent the mandate of EU NAVFOR Somalia Operation Atalanta until 31 December 2020. The objectives of the Operation Atalanta is the deterrence, prevention and repression of acts of piracy and armed robbery off the Somali coast and the protection of the
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Shipowners are set to spend an average of $2.5m on Internet of Things (IoT) solutions over the next three years based on the findings of a report commissioned by Inmarsat. The release of the report “Industrial IoT: Maritime” coincided with Posidonia 2018 and presenting it to the media Stein Oro, VP of Application Sales for
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In 2017 the first rays of improved market conditions for global shipping made their appearance after a long and deep recession and challenging fundamentals for 2016 across most sectors. The global upswing underway since mid-2016 continued to strengthen through 2017, bringing about a broad-based annual global economic growth of 3.7% World trade also grew, by
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With the tanker freight market at its weakest state in years, it’s no wonder that more and more ships are candidates for scrapping. In its latest weekly report, Clarkson Platou Hellas commented that “the flow of larger tanker units remains relentless as each week brings new names into the market. Can the amount of such
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A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15, according to the latest edition of the LPG Forecaster published by global shipping consultancy Drewry. 2017 was one of the toughest years in the
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