China tightens 0.5% sulphur regulation in Yangtze Delta
04 September 2018China changes its ECA timeline again
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China changes its ECA timeline again
The updated Version 6 of the tanker industry standard questionnaire help charterers and owners to easily share data, speed up the vetting process, and ensure smarter pre-fixture decision-making.
In less than two months’ time, the shipping industry will for the first-time face emission taxes. For many in the market, the inclusion of shipping in the EU’s Emissions Trading Scheme (ETS) has been a ‘tomorrow problem’, but owners and charterers will soon be fixing voyages which are set to arrive in Europe after the 1st of January, and thus incur an offsetting requirement for the portion of the voyage which falls into the new year. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
The IMO’s Marine Environmental Protection Committee at its 81st Session adopted amendments to mandatory instruments and approved a series of measures in order to protect the marine environment- from emission control areas in Canada and Norway through to electronic ballast water record books. A summary of the approvals and adoptions is provided here.
BIMCO, the world’s largest shipping association, has moved a step closer to finishing a global set of guidelines needed to protect the marine environment from invasive species and reduce CO2 emissions. Currently, there is no common global standard for cleaning ships’ hulls to avoid transferring invasive aquatic species, nor for the potentially damaging debris washed off in the process.
Last week, the European parliament voted to include emissions from shipping within the EU Emissions Trading System (ETS) by 2023, if there is no comparable IMO system in place by 2021. Weekly tanker market report by Gibson Shipbrokers.
Back in May we discussed the IMO’s plan to reduce CO2 emissions by 40% by 2030 and GHG emissions by 50% by 2050 (compared to 2008 levels). The weekly tanker market report by Gibson Shipbrokers.
BIMCO’s Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. His top priority in 2018 will be environmental legislation. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus.
BIMCO has today shared the two critical issues at the top of its own priority list ahead of the IMO’s MEPC meeting next week.