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.
After all the hype and public protests those familiar with the workings of the International Maritime Organization (IMO) will not be surprised to learn there were no major announcements coming out of last week’s Marine Environment Protection Committee (MEPC) meeting, and apparent new favourite – going slower – hit a speed hump.
Italian shipowner Grimaldi Group has called for tighter regulations on ro-ro and containers following its second serious fire on board a vessel this year.
With the sulphur cap less than eight months away the International Chamber of Shipping (ICS) is pushing to get guidelines for non-availability of fuel adopted at the IMO MEPC meeting this week.
The International Maritime Organization (IMO) in collaboration with Norway has launched a major project support its strategy to cut shipping’s Greenhouse Gas (GHG) emissions by 50% by 2050.
Private equity (PE) fund Oakley Capital Investments is acquiring e-learning businesses Videotel and Seagull from KVH Industries and another PE fund Herkules Private Equity Fund IV.