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Sunday, December 15, 2019

​Boost for IMO-led REMPEC Mediterranean marine pollution response centre

Mediterranean coastal states have agreed to increase resources for the IMO-administered Regional Marine Pollution Emergency Response Centre for the Mediterranean Sea (REMPEC), which assists Mediterranean coastal states to build national capacities to prevent marine...

Factbox: IMO 2020 – a major shake-up for oil and shipping

Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades. IMO 2020 From January 2020, United Nations shipping agency the International...

There will be diesel reaction to IMO 2020, but it’s mostly muted: JP Morgan

A recent report by JPMorgan Chase sees a diesel market reaction coming as a result of IMO 2020, but its tone and forecast are restrained and hint at a market that is on the...

IMO 2020 fuel surcharges push container rates higher

This is a crucial time for container lines. Their future financial health relies upon whether or not they can pass along new fuel costs to cargo shippers. Only three weeks remain until the IMO 2020...

US Senate hearing plays down IMO 2020 impact

The impact of IMO 2020 — the requirement promulgated by the International Maritime Organization (IMO) that ships begin using lower-sulfur fuel on Jan. 1 or equip their ships with scrubbers to remove sulfur from...

Drilling Deep: recapping what happened at OPEC, and Scopelitis looks at the coming year

What does the outcome of last week’s OPEC meeting mean for the price of fuel in 2020? Podcast host John Kingston shares his view as well as wondering whether we’re ever going to see...

Seizing the opportunity of the climate action momentum

Over 80% of the goods consumed around the world are transported by sea, making shipping the engine of the global economy. Maritime transport relies heavily on bunker fuels that have a high carbon footprint and...

High stakes for container lines as 2020 contracts are finalized

Rarely have container shipping lines played for such high stakes as they are right now. Not only are they attempting to pass on higher IMO 2020 low sulfur fuel bills, they are also in...

IMO Assembly approves second term for S. Korean chief Lim

The U.N. maritime safety agency has adopted a resolution to allow Lim Ki-tack, its South Korean secretary-general, to serve a second four-year term until 2023, Seoul's foreign ministry said Thursday. On Wednesday, the International Maritime...

BIMCO SUBMITS BIOFOULING SURVEY RESULTS TO THE IMO

As biofouling is attracting an increasing amount of attention from states, shipowners, and port authorities around the world, BIMCO is continually working on biofouling management and ways to improve access to in-water cleaning. Biofouling is...