IMO 2020

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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.

South Africa’s approach to 2020 sulphur cap

The South African Maritime Safety Authority (SAMSA) issued a Marine Notice concerning the ships’ compliance with IMO Sulphur Cap 2020. SAMSA requires that all ships must provide information over their compliance with the environmental regulations through a revised MRCC Pre-Arrival Notification (PAN) report.

Overview of the 2020 shipping regulatory landscape

2020 will see several regulatory changes, with the main on being the IMO 2020 sulphur cap. However, in addition to the sulphur cap regulation, numerous other regulations will also be implemented worldwide by the IMO and ILO over the course of the year.

Scrubbers enquiries increase

Naval architect and marine engineering company, Foreship reports an increasing number of enquiries on how scrubbers can be equipped at short notice, after emerging market misgivings regarding the quality and availability of 0.5% sulphur content fuel oils.

BIMCO, ICS, INTERCARGO, INTERTANKO aim to identify potential fuel oil problems

The IMO 2020 global sulphur limit for marine fuel oil has now been in force for over one month. For this reason, BIMCO, ICS, INTERCARGO and INTERTANKO are calling on fleet- and vessel managers, as well as technical superintendents, to share their insight and experiences with the new IMO 2020 compliant fuels.

IMO Sec-Gen stresses need for urgent action on emissions

IMO Secretary-General Kitack Lim has spoken of the “urgent need” to develop concrete measures to support IMO’s initial strategy to reduce GHG emissions from shipping. Speaking during the European Shipping Week in Brussels, of 20 February, Mr. Lim supported that ambitious regulatory targets will act as catalysts for technology, triggering research, development and innovation.

BIMCO joins Japan for regulation of existing ships’ carbon intensity

Panama, Norway, Greece and other actors are co-sponsoring a proposal originally tabled by Japan to curb the carbon intensity of existing ships through use of an Energy Efficiency Existing Ship Index (EEXI), much like the Energy Efficiency Design Index (EEDI) which is mandatory for new ships.