One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a level playing field. Of course, we need deterrents, but IBIA would like to stress that while enforcement …
IMO 2020 compliance: it’s up to us to be good citizens Read More »
In a few weeks, IMO’s ‘global sulphur cap’ will take effect. The permitted levels of SOx in ship emissions will be restricted in association with the revised MARPOL Annex VI, ie the current sulphur limit of 3.5% of any fuel oil used onboard ships will …
Exhaust Gas Cleaning Systems (Scrubber) Guidance Read More »
A fundamental misconception of risk is causing many shippers of ocean freight to completely overlook the need for cargo insurance of any kind and to cover against a multitude of eventualities. Many industry professionals fear the endemic perception tha…
Shippers Urged To Take Another Look At Cargo Insurance Read More »
Carriers test new IMO charges in the spot market, which are implemented and accepted on some routes. Huge disparity in charge levels. Most carriers have implemented so-called “IMO 2020 transition charges” from 1 December, leading to higher spot rates, …
IMO transition charges kick-in in spot market Read More »
2019 was definitely a year to remember for tanker owners. In its latest weekly report, shipbroker Gibson said that “this year started on a positive note for tankers. Healthy earnings were seen in early 2019 supported by strong demand at the time, weath…
Tanker Market in 2019: A Glass Half-Full Read More »