The impact of the upcoming IMO 2020 regulations on the shipping and refining industries is well understood. And we know that an increase in freight rates for raw materials such as iron ore and coal will likely translate to higher costs for the steel se…
Beyond bunkers: The surprising impact of IMO 2020 Read More »
Changing weather patterns, rising sea levels and decreasing biodiversity. We are already experiencing the physical impacts of climate change which has become one of the most important issues the world is facing today. As shipping accounts for 2-3% of g…
Maersk: Towards a zero-carbon future Read More »
We refer Members to our previous publications on the 2008 amendments to Annex VI of the IMO’s International Convention for the Prevention of Pollution from Ships 1973 (as modified by the Protocol of 1978) (MARPOL) and which will come into force on 1 Ja…
The 2020 Global Sulphur Cap Read More »
In less than 200 days , the mandatory IMO regulations to reduce sulphur emissions from ships, also known as Low Sulphur Cap, will be implemented. These regulations will increase fuel cost for most ships, with up to 50%. It creates a direct need for fue…
Fuel cost for ships to increase up to 50% in only 200 days from now Read More »
Rocky Mountain Institute, Global Maritime Forum and UCL Energy Institute announced that 11 major shipping banks, representing a bank loan portfolio to global shipping of approximately $100 billion will for the first time integrate climate consideration…