The product tanker market is going through challenging conditions but a combination of factors could see a bounce back towards the end of the year leading ceos in the scetor believe.
The shipping industry caught off guard last October when the IMO decided to mandate the use marine fuel with a maximum of 0.5% sulphur worldwide from the start of 2020 rather than the widely expected date of 2025.
With less than three years away from the IMO Marpol Annex VI global 0.5% fuel sulphur rule, shipowners and operators are increasingly pressed for time to decide on which option they would choose to comply with the emissions reduction regulation.
China has penalised a foreign ship for burning bunker fuels with sulphur content of over 0.5% in the country’s designated Emission Control Areas (ECAs), according to a recent circular by American Steamship Owners Mutual P&I Association (the...
The 0.5% fuel sulphur content cap regulation by the IMO is less than three years away from the enforcement date of 1 January 2020, leaving the refining and shipping industries caught in a catch-22 situation.
Shanghai Bluesoul Environmental Technology and Shanghai Huarun Dadong Dockyard (HRDD) have entered into a partnership for the marketing and installation of exhaust gas cleaning systems for ships.
Hyundai Global Services (HGS), the marine services company of Hyundai Heavy Industries (HHI), and shipowner KSS Line have signed a memorandum of understanding (MOU) on retrofitting ships with abatement technology.
Container carrier CMA CGM and France’s oil major Total have signed a three-year memorandum of understanding (MOU) to prepare for stricter fuel sulphur regulations in the shipping industry.
Finland’s Neste Corporation announced on Wednesday that it will begin the distribution of low sulphur bunker fuel in Sweden at the Sodertalje terminal on 1 January 2017.
The decision by IMO to enforce a global 0.5% cap on fuel sulphur content from 2020 could lead to a surge in the installation of scrubbers, with up to 25% of global fleet fitted with the abatement technology by 2025, according to DuPont Clean...