2020 sulphur cap

Year in Review: Top shipping stories to remember from 2019

If we had to choose one – or maybe two – words to describe 2019 for the shipping industry, these would be: human-focused. Despite the fact that 2020 sulphur cap was on everyone’s mind this year, we saw many significant developments in key human areas. From mental health issues, to women in shipping and safety culture, the industry seems to be putting its people first, trying to boost equality and – most importantly – safety.

Tripartite Forums calls IMO, MSC and MEPC to improve collaboration

The Tripartite Forum met in Tokyo discussing the rapidly changing shipping industry and what will follow in the near future, based on the environmental, economic and technological changes that the industry will face. The Forum notes that although the targets are achievable, it is important to implement better and clearer regulation to easier achieve the goals set.

Maersk will start using cleaner fuel from December

During an interview with Bloomberg, Maersk’s CEO, Soren Skou, talked about all the current issues that the shipping industry is facing, as well as how Maersk will be dealing with the 2020 sulphur cap. As for the ways it will comply with the regulations, its fleet will start using cleaner fuels during December, while the company has already built up stock and supply contracts.

Singapore surpasses 95 million GT milestone

The Singapore Registry of Ships has crossed the 95 million gross tonnage milestone in 2019 and maintained its position among the top registries in the world. The milestone was announced during the ‘2020 & Beyond’, the SRS Forum held by Maritime and Port Authority of Singapore (MPA) on November 8.

Singapore prepares shipping industry for 2020

During the “2020 & Beyond” conference, MPA Singapore announced its future initiatives concerning the IMO 2020 transition, and its further steps to help shipowners and maritime stakeholders towards sustainability, digitalization and develop skilled maritime professionals.

UNCTAD: Industry shifting towards a new normal

UNCTAD released the Review of Maritime Transport 2019, presenting a fall in maritime trade growth. Moreover, trade policy crosscurrents, geopolitics and sanctions, environmental worries, fuel economics and tensions regarding the Strait of Hormuz, have all contributed to slower growth in merchandise trade.

Major shipping stakeholders discuss maritime’s future during LISW

During the London International Shipping Week major stakeholders of the shipping industry such as BIMCO, ICS, and INTERTANKO, discussed about the future of shipping, focusing on the preparations of the implementation of the 2020 sulphur cap, while also discussing the 2050 target on reducing shipping emissions.

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