The shipping industry could only be environmentally sustainable if it is economically sustainable as well, the International Chamber of Shipping (ICS) told the OECD Working Party on Shipbuilding in Paris. “The perennial challenge facing shipowners is overcapacity, aided and abetted by government sub
UK’s maritime sector body Maritime UK has launched a new Industry Code of Practice for the design, construction and operation of autonomous maritime systems. Seeking to provide practical guidance for autonomous and semi-autonomous vessels less than 24 metres long, the Industry Code of Practice will
The shipping industry must take responsibility for its fair share of carbon emissions in order to tackle climate change, according to global transportation conglomerate A.P. Moller – Maersk. “Raising the ambition for global regulation remains crucial to ensure shipping’s contribution to reach the Pa
The recent decision by the European Union not to include shipping within the full scope of the regional EU Emissions Trading System (EU ETS) has shown faith in UN International Maritime Organization (IMO) to further reduce shipping’s carbon emissions, the International Chamber of Shipping (ICS) said
The European Parliament and Council have today reached a provisional agreement to revise the EU Emissions Trading System (EU ETS) for the period after 2020. This revision is expected to help the EU to achieve a significant part of its commitment under the Paris Agreement to reduce greenhouse gas emi
Monaco-based dry bulk shipping company Safe Bulkers has agreed with Erma First, a Greece based company, to install a Ballast Water Treatment System (BWTS) across its fleet of 38 vessels. The first installation of Erma First BWTS is expected to take place during the company’s next dry-docking schedul
The International Maritime Organization (IMO) and the World Shipping Council (WSC) have hit back at the accusations stemming from the recently published study by the InfluenceMap on the IMO’s approach to tackling carbon emissions from shipping. The report claims that the shipping industry has aggres
The International Maritime Organization (IMO) is set to discuss the introduction of a ban on the carriage of high sulphur fuel oil (HSFO) as bunkers on ships without scrubbers in February 2018. The proposal would be considered at the 5th session of IMO’s Sub-Committee on Pollution Prevention and Res
A new ballast water treatment system (BWTS) specifically designed for large dry bulk and ore carriers has been launched. Developed by the UK-based Coldharbour Marine, the system uses the company’s existing inert gas based GLDTM treatment plant to meet the needs of large bulk carriers, which often sh
Almost three-quarters of new ships carrying consumer goods already exceed International Maritime Organisation’s (IMO) post-2025 energy efficiency requirement. Some 71% of all new containerships, which emit around a quarter of global ship CO2 emissions, comply with the post-2025 requirements of the I
Jamaica and Malta have become the latest states to sign up to the IMO Ballast Water Management Convention – the international treaty requiring ships to manage their ballast water to help stop the spread of invasive aquatic species across the globe. The convention entered into force on September 8 an
The International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM Convention) entered into force on September 8, 2017. Adopted by the International Maritime Organization (IMO) in 2004, the measure for environmental protection that aims to stop the spread of poten
The next few years will see some significant changes in emission regulations for shipowners. These include the rules concerning sulphur oxides (SOx) in the form of the 2020 global sulphur cap and nitrogen oxides (NOx) with the establishment of Nitrogen Emission Control Areas (NECAs) in 2021. Coverin
The global refining and shipping industries will be hit by the new low-sulfur requirements for marine bunker fuels, set to enter into force five years earlier than many expected. According to a new analysis from IHS Markit, the two industries are set to experience rapid change and significant cost a
