Shipping is out of the COP21 draft agreement. That means no united global initiative to reduce the industry’s environmental impact.
Port Authorities in Singapore are having difficulties convincing ship-owners to use mass flow meters despite its requirement in 2017.
Study conclusion: IMO’s sulfur regulation is less than ideal says a Norwegian group of academics and suggest an alternative.
Concern raised: The study on which the global sulfur cap will be decided next year, lacks the necessary competence to asses global low sulfur fuel supply.
Due to the forthcoming ODME guidelines for biofuel barges, we hone in on the cost of noncompliance or direct tricking of ODME.
By Jan. 1st IMO guidelines states all biofuel carriers are required to have an ODME class approval for 5 different blends. Non-compliance means grounding.
OECD, backed by the EU Parliament, rooting for a global emissions cap for shipping at the COP 21 summit this December.
General Secretary of IMO fears a global emissions cap will be at the expense of the global economy.
The Chinese are launching a 3 year test to determine the amount of emission reduction and the extend of the future Chinese ECA.
The situation may become dire if the already strained dry bulk market must absorb the effect of an industry abandoning slow steaming.