In fact, it is said that the Office of Commercial Vessel Compliance (CG-CVC) released work instruction CVC-WI-022 with the aim to provide guidance to Coast Guard marine inspectors as well as port state control officers for ensuring vessel compliance with MARPOL Annex VI Regulation 14.
In light of the soon approaching Sulphur cap, both shipowners and charterers should prepare to comply with the SOx regulations and potentially deal with the risks and responsibilities of each party associated with the new regulations in chartering contracts, the Japan P&I Club advises.
The Filipino Shipowners Association (FSA), recently warned the domestic shipping field that Philippines may not be prepared to comply with the IMO 2020 global sulphur cap, which begins from the 1st January 2020. With exactly three weeks left until the official force of the regulation, the Philippines express their concerns.
Bloomberg reports that ship owners are waiting longer and paying more to refuel at the world’s top bunkering hub, Singapore, as the industry struggles to prepare for the implementation of new ship-fuel rules in a few weeks.
Shipping banks will for the first time incorporate climate considerations into lending decisions to incentivize maritime shipping’s decarbonization. Namely, the Poseidon Principles will be a framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios.
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