An improvement in the shipping market resulting a revival of newbuilding orders would see a dramatic increase in the adoption of LNG propulsion, according to SEA\LNG chairman Peter Keller.
The question as to whether or not to fit scrubbers was in focus at a Institute of Marine Engineering, Science & Technology (IMarEST) UAE branch meeting recently.
The third Hong Kong Maritime Week from November 18 to 24 with the theme “Propel Hong Kong” seeks to boost the city as a renowned international maritime centre.
Royal Vopak is expanding one of its liquid storage terminals in Singapore to meet the expected demand for marine gasoil as a result of the 2020 sulphur cap.
Mediterranean Shipping Co (MSC) has followed its alliance partner Maersk Line in announcing a new fuel surcharge from 1 January 2019 to take into account the additional cost of the IMO’s 0.5% global sulphur cap from the start of 2020.
Container line CMA CGM says the 0.5% sulphur cap in 2020 will cost an additional average of $160 per teu, and will be charged to customers through fuel charges.
Japanese shipowner K Line is set to use a variety of methods including low sulphur fuel and scrubbers to comply with the IMO's 0.5% global sulphur cap in 2020.
The global sulphur cap is starting to look like an opportunity for the shipping market to finally push through some reasonable freight rate increases, judging from the undercurrents at the Ince & Co business briefing on IMO regulation that kicks...