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Top 10 issues concerning the future of shipping

07.03.2019

2019 kicked off with the data collection on fuel oil consumption, alternative mechanisms to comply with the 2020 Sulphur cap, the EU Ship Recycling Regulation, the IMSBC Code 2017 amendment as well as amendments designating North Sea and Baltic Sea as ECAs. With many more regulations and developments still yet to come, nations from all across the globe, ship operators and crew are going through a key period because of ten major issues that will have significant impact over the next ten years in the shipping industry.

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Financiers worry that 2020 sulphur cap will increase freight rates

06.03.2019

Ahead of the 2020 sulphur cap, Seabury Maritime notes that the new emissions standards will increase freight rates. In particular, the shipping industry does not have a standard for fuel-surcharges computation, while the costs of low-sulphur fuel are only rough estimates and do not provide a clear picture.

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Maritime autonomous surface ships – identifying and covering the risks

05.03.2019

The International Maritime Organisation (IMO) recognises that autonomy is a ‘spectrum’ yet, for the purposes of examining regulatory changes, it has defined a MASS as a ship which, to a varying degree, can operate independent of human interaction.In this article we look at unmanned ships – either remotely controlled or fully autonomous.

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First phase of market test for Greek floating LNG terminal completed

04.03.2019

The first phase of the Market Test for the reservation of regasification capacity at the floating LNG Terminal in Alexandroupolis, being developed by the Greek Gastrade, was completed with success on 31 December 2018.

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Ships’ Scrapping Activity Picks Up As More Ships Were Sold for Demolition

01.03.2019

Reports have started to emerge that demand is coming back in the ships’ recycling markets, which could alert more ship owners towards offloading their older units.

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International Ice Patrol starts operations, informing for icebergs

28.02.2019

The Coast Guard International Ice Patrol announced that it's starting operations for the 2019 ice season as from February 5, 2019 and will resume production of the North American Ice Service (NAIS) daily iceberg warning products from its operations center in New London, Connecticut.

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