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Shipping decarbonization: What does the future hold

Shipping is experiencing increasing pressure to decarbonize its operations and to reduce emissions to air. In April 2018, the IMO adopted an ambitious GHG reduction strategy, aiming to reduce with at least 50% total GHG emissions from shipping by 2050. As it is expected, such an unprecedented change, poses challenges for a range of stakeholders, from ship owners, to ship builders, designers, and fuel suppliers financiers and policy makers.

Singapore reports high degree of compliance with IMO 2020

According to MPA Singapore, in the first quarter of 2020, most ships calling at the Port of Singapore have complied with the International Maritime Organization’s (IMO) 2020 sulphur regulations since they came into effect on 1 January 2020.

Fuel oil quality and safety survey to be completed until 6 May

Following the IMO 2020 regulation concerning the global sulphur limit for marine fuel, BIMCO, ICS, INTERCARGO and INTERTANKO had launched a survey on fuel oil quality and safety back in February. In remind to this, the four organisations call all vessel managers, as well as technical superintendents to share their insight.

Sumitomo Mitsui Trust Bank joins the Poseidon Principles

Sumitomo Mitsui Trust Bank (SMTB) is the latest financial institution to join the Poseidon Principles. The Principles have been developed by international shipping banks, in collaboration with maritime industry players, to promote greener global shipping.

Round table discusses shipping’s challenges

The Chairpersons of the Round Table of international shipping associations (RT) gathered in Rome in February, aiming to discuss current issues the industry is facing, and coordinate efforts going into the new decade, which is considered to be one of the most important in shipping’s history.

IMO foresees a 77% fall in SOx emissions from ships

The Chairpersons of the Round Table of international shipping associations (RT) met in Rome in February to exchange their members’ experiences with the implementation of IMO’s 2020 global sulphur regulations.

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