News

(OSLO) ABS today launched its industry-shaping Low Carbon Shipping Outlook to help the maritime sector evaluate potential pathways to low-carbon shipping. The Outlook defines ship technologies, operational efficiencies and alternative fuels and energy sources needed to reach 2030 and 2050 targets, noting specifically: 2030 targets can be met through operational measures and efficiencies driven by connectivity and data analytics and… Read more →

Allianz Safety and Shipping Review 2019 – Shipping losses lowest this century, but incident numbers remain high The international shipping industry is responsible for around 90% of world trade. There are around 60,000 merchant ships, transporting every kind of cargo. The world fleet is registered in over 150 nations1, and manned by over a million seafarers, meaning the safety of… Read more →

Panama Maritime Authority receives Hellenic American Maritime Centre Award SAFETY4SEA, in collaboration with SHIPPINGInsight, is pleased to announce that Panama Maritime Authority has received the 2019 Hellenic American Maritime Centre Award, sponsored by HudsonAnalytix, at a gala dinner and award ceremony which successfully concluded on May 29th at Megaron Athens, The Banqueting Hall, the evening on day one of the… Read more →

Keeping updated on new and retroactive requirements from IMO can be a challenge. According to newly approved 4 year cycle of entry into force system (MSC.1/Circ.1481), amendments to SOLAS and relevant codes, which were adopted between 1st January, 2016 and 30th June, 2018 (MSC 96th to MSC 99th) enters into force from 1st January, 2020. In this regard, amendments to… Read more →

In advance of its AGM in the Faroe Islands next week, the global trade association for shipowners, the International Chamber of Shipping (ICS), has launched its Annual Review 2019, providing in-depth insight into the most pressing issues confronting shipping, which moves about 90% of global trade. ICS Chairman, Esben Poulsson, explains:  “The immediate focus of ICS is the successful implementation… Read more →

The IMO’s Maritime Safety Committee (MSC), 101st session, will take place June 5-14, 2019, and some of the highlights include amendments to SOLAS: The MSC is expected to consider, for adoption: • Draft amendments to the appendix to SOLAS, to the record of equipment, relating to rudder, propeller, thrust, pitch and operational mode indicator. • Draft amendments to the International… Read more →

The Korean Register of Shipping issued a draft amendment on the rules for the Classification of Steel Ships Guidance 1 revised section, noting that the Class is committed to developing the Rules to meet the latest technical and customer requirements. Therefore, it calls its members in case of any comments to inform the Class until Friday, June 7, 2019. The existent regulation is… Read more →

The Paris Memorandum of Understanding (Paris MoU) on Port State Control held its 52nd Committee meeting in St. Petersburg, the Russian Federation, from 13-17 May 2019, chaired by Brian Hogan.  The meeting was opened by Yuri Kostin, Director of Department on State Policy on Maritime and River Transport, Ministry of Transport of the Russian Federation. The Committee reviewed the work… Read more →

The 74th session of the IMO’s Marine Environment Protection Committee (MEPC 74) concluded on Friday with a comprehensive set of guidelines for the consistent implementation of the 2020 sulphur cap. IMO also approved draft amendments to MARPOL Annex VI relating to enforcement of the 0.50% sulphur limit, with a view to adoption at MEPC 75, under regulations 1, 2, 14… Read more →

2020 sulphur cap would disrupt markets for 1 to 5 years According to Boston Consulting Group, IMO’s 2020 sulphur cap will lead to a one to five year disruption in oil and refined products markets. This switch could benefit refiners, producers of shale oil and would reduce prices of HSFO or bunker fuel with a maximum sulphur content of 3.5%. Namely, IMO will mandate ships to… Read more →