While the global IMO Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships is probably years away from becoming effective, the EU Ship Recycling Regulation (SRR) has so far* only approved recycling yards within th…
Shipowners challenged as recycling is caught in transition Read More »
Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbon neutrality by 2050. To achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an acceleration in new innovation…
Maersk sets net zero CO2 emission target by 2050 Read More »
Newbuilding contracting was once again far from brisk over the course of the past week, following the trend set recently. In its latest weekly report, shipbroker Allied Shipbroking said that “limited newbuilding activity this past week for the dr…
Newbuilding Orders Still Scarce As 2019 Edges Closer Read More »
The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings says. Higher fuel costs and sulphur regulation will also put pressure on shippers. Partly offsetting an unfa…
Fitch Ratings: Demand Risks Weigh on Global Shipping Sector Outlook Read More »
Singapore has joined the list of ports that will ban the use of open loop scrubbers in their waters. Exhaust gas cleaning systems (EGCS) – more commonly referred to as scrubbers – are an accepted equivalent measure in complying with the IMO 2020 global…
No Scrubs: More Ports Declare Ban on EGCS Discharges Read More »