The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and for this sector’s contribution to minimise the risks of dangerous climate ch…
It has been “quite a year” for ship owners preparing for the EU Emission Trading System, according to Steve Laybourn, chartering manager at Ardmore Shipping. Describing the preparation as a “bit of a rollercoaster ride”, Laybourn urged laggards to move…
ETS: ‘Quite a year’ for ship owners Read More »
Shipping industry regulations are about to get more complex in the EU region, with the introduction of FuelEU legislation. In its latest weekly report, shipbroker Gibson said that “with the shipping markets still getting used to the Emissions trading s…
Regulatory Compliance Getting More Complicated for Ship Owners in the EU Read More »
IMO is advancing discussions on legally-binding ‘mid-term’ measures to help the maritime industry achieve net zero shipping, as set out in the 2023 IMO Strategy on the Reduction of GHG Emissions from Ships. The measures are scheduled for adoption in la…
IMO on track to adopt mid-term measures to cut emissions from ships Read More »
In the third week of March, there’s a noticeable improvement in sentiment surrounding VLCC MEG-China rates, offering a glimmer of optimism. However, this comes against the backdrop of tonne days growth continuing to paint a picture of decreasing …