Costly environmental regulations recently introduced by the UN maritime body International Maritime Organization (IMO) are among the main factors for increased ship demolitions this year.
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Wood chip carrier Crimson Polaris, which broke into two pieces after running aground off Japan earlier this week, had about 1,700 tons of oil on board.
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Two US congressmen have introduced the “Ocean Shipping Reform Act of 2021″, the first major update of federal regulations for the global ocean shipping industry since 1998.
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After running aground off Hachinohe Port, Japan, on 11 August 2021, the Panama-flagged bulk carrier split in two today.
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Germany’s largest container liner shipping company Hapag-Lloyd enjoyed earnings growth in the first half of 2021 which was driven by strong demand and higher freight rates.
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