Babcock Schulte Energy (BSE), a joint venture of Bernhard Schulte Shipmanagement (BSM) and Babcock International Group, is actively seeking long term charter contracts to back the purchase of its second LNG supply vessel following the recent delivery of its first vessel unit.
The arrival of the global sulphur limit in 2020 will pose multiple challenges to ship operators, Lloyd’s Register principal consultant on fuels Tim Wilson told a Maritime Future Leaders seminar organised by Dubai Maritime Cluster Office, held at the Seatrade Maritime Middle East event in Dubai this week.
After several lean years prospects are looking good for the LNG sector again, Cyprus set out plans to grow a quality maritime sector, and the IMO agreed a ban on the carriage of heavy fuel oil come 2020.
The International Maritime Organization (IMO) has agreed a ban on the carriage of high sulphur fuel by vessels unless they are fitted with a scrubber from two months after the 1 January 2020 0.5% sulphur cap coming into force.
Scorpio Bulkers has described industry organisations and some large flag states “apologists” for small undercapitalized shipowners as they seek an experience building phase for the 2020 0.5% global sulphur cap.
The Union of Greek Shipowners (UGS) have hit out at the IMO’s approval the use of scrubbers to comply with 0.5% sulphur cap, and called on more maritime nations to “step up” efforts to have safety concerns about the shift to new low-sulphur fuels in 2020 properly addressed by the UN body.
China and Greece intend to use the shipping industry to expand relations between the two with China's Transport Minister, Li Xiaopeng saying his country made the geo-strategic choice to strengthen bilateral economic and trade cooperation with Greece.
Stena Bulk has become the latest owner to opt for scrubbers for 2020 sulphur cap compliance with an order for up to 21 units from Shanghai Bluesoul Environmental Technology.
Scorpio Group’s massive about turn on scrubbers to order 146 exhaust gas cleaning units for its tanker and bulker fleets is a “commercial opportunity to burn cheap fuel”, according to the shipowner’s managing director.