The IMO’s MEPC83 has approved the creation of a new Emission Control Area (ECA) in the North-East Atlantic Ocean. It will be the world’s largest ECA to date.The decision follows an official submission to the MEPC 83 of the research conducted…
IMO Approves North-East Atlantic ECA Read More »
The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism f…
Stakeholders Respond to MEPC 83 Outcome Read More »
The $5.4 trillion global maritime industry faces a perfect storm of cyber vulnerabilities, and a new government regulation aims to be the lighthouse guiding stakeholders to safer digital harbors.On January 17, 2025, the US Coast Guard (USCG)…
The International Maritime Organization (IMO) has achieved another step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming for net-zero emissions by or around, i.e close to 2050.
IMO Approves Net-Zero Regulations for Global Shipping Read More »
At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member’s buyers…
Chevron: Venezuelan Oil Cargoes Stalled at Sea After Export Cancellations Read More »