Eleven major shipping banks representing a bank loan portfolio to global shipping of around $100bn have launched a new global framework to incentivise shipping’s move toward decarbonisation.

A new independent study conducted by Netherlands-based CE Delft has found negligible environmental impact from accumulated scrubber wash water in ports, the Clean Shipping Alliance (CSA) 2020 has highlighted.

Palau International Ship Registry (PISR), flag administration of The Republic of Palau, has been recognised by the IMO as being in full compliance with the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, affording it white list status under STCW Convention 1978.

Shipping industry organisations have condemned the attacks on two tankers on the Gulf of Oman on Thursday and expressed concern over the global economic impact of a threat to maritime traffic in the Straits of Hormuz.

Right now, the 2020 sulphur cap is on all of our minds. That was especially clear a few weeks ago as I was speaking at a customer seminar in Tokyo. The participants asked a lot of excellent questions, most of which dealt with the same theme: what will next year’s fuels look like and how do we deal practically with the challenges they pose?

Piracy is continuing to pose dangers to seafarers onboard ships in the Gulf of Guinea and the shipping industry is urging the authorities to take immediate action to stamp out the threat.

Sinopec, China’s largest oil refining company, officially announced the low-sulphur the global marine fuel oil plan and will have the production capacity of 10m and 15m tons by 2020 and 2023 respectively. 

Oil major Chevron has revealed that it will offer the IMO 2020-compliant 0.5% sulphur bunker fuel by the end of the third quarter, reports said.

With IMO’s 2050 greenhouse gas (GHG) emission targets requiring as yet unknown innovations to meet them DNV GL chief Remi Eriksen says owners should have optionality designed into new vessels for future changes in fuel.

Following the Marine Environment Protection Committee 74 (MEPC 74) meeting last week the International Maritime Organization (IMO) has published guideline adopted for the 2020 sulphur cap online.

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