Inmarsat's monopoly on satelllite provision of the mandatory Global Maritime Distress & Safety System (GMDSS) looks set to end with the International Maritime Organization (IMO) approving Iridium to also provide the service subject to it passing stringent tests.
Despite record levels of tanker recycling in the early months of the year, tanker analysts and brokers are increasingly concerned about continuing tonnage oversupply, particularly in the VLCC sector where a series of new contracts have been placed recently with more to follow.
While the International Maritime Organization (IMO) has made strides in better regulating the shipping industry, International Chamber of Shipping (ICS) secretary-general Peter Hinchliffe said there are still shortcomings in the way the United Nations agency in charge of shipping comes up with regulations.
Alfa Laval has signed fleet agreements with Polsteam and Nova Ship Tech SA for the supply of PureBallast 3, the third generation of Alfa Laval’s ballast water treatment technology. Alfa Laval will provide dozens of Polsteam and Nova Ship Tech SA vessels with PureBallast 3 systems – the vast majority of which will handle large flows of more than 1000 m3/h.
Analysts at investment bank Morgan Stanley have predicted that crude oil prices could spiral to $90 a barrel by 2020 as the IMO’s 0.5% sulphur cap boosts demand from ship operators for more refined products.
Vincent Wee talks to International Chamber of Shipping (ICS) secretary-general Peter Hinchliffe and chairman Esben Poulsson about the complexities of achieving successful yet cost effective regulations for shipowners.
Songa Shipmanagement has opted to fit scrubbers from CR Ocean Engineering (CROE) to 14 of its oil/chemical tankers and heavy lift vessels, and has taken options for five more systems.
Digitalisation and innovation continue to be the favoured buzzwords in Dubai in 2018 as the emirate pushes forward with its smart city initiative, and this month saw Dubai Maritime City Authority (DMCA) launch a digital payment and services portal.
AP Moller Maersk ceo Soren Skou believes that best solution for meeting the International Maritime Organization’s (IMO) 0.5% sulphur cap is for refineries to provide low sulphur to shipping.