MEPC's enforcement approach to IMO 2020 is high stakes for shipping and Big Oil.  


The European Union (EU) Committee of the House of Lords heard oral evidence from a panel of five expert witnesses representing the UK Chamber of Shipping, Stena Lines, Holyhead Port, the British Ports Association and British Marine. 


Managing director Mariella Bottiglieri

Press reports this week cited broking sources as saying that several brokers had been looking for buyers for the four 40,165 dwt vessels.


Chief executive officer Christophe Mathieu said on 19 October that he was sounding the alarm urgently on the back of “a worrying downward trend” in family bookings with the company for summer next year.


The agreement comes as China LNG Group is anticipating a rapid expansion of its finance leasing business to support LNG bunkering and the domestic shipment of LNG.


An artist’s impression of a carbon-neutral ship design

Environmental technology will drive the shipping industry to the International Maritime Organization’s goal of reducing greenhouse-gas emissions by 50% of 2005 levels by 2050. Some of that technology already exists in the form of modernised sails and wing foils, while other technologies, such as bioethanol, will be delivered in due course. Together, the developments will create a cleaner industry.


An aerial view of Singapore port

Singapore is building a ‘digital twin’ of its upcoming Tuas mega port to optimise operations.

 


Choi Jong-ku

South Korean shipowners have been urged to continue restructuring its business strategy.


Chung Ki-sun

HGS’s sales peak as more shipowners install scrubbers.


IMO secretary-general Kitack Lim with Grahaeme Henderson

The award recognises Dr Grahaeme Henderson, vice president, shipping & maritime, Shell, for his focus to drive collaboration and improve safety across the industry


The Lloyd’s of London building

Standard, the world’s fourth-largest P&I club, announced that it is to cease underwriting at Lloyd’s from 1 January 2019 via its Syndicate 1884.


A CMA CGM ship at sea

The container line operator has also carried out a derivative transaction that gives it “exposure” to a further 4.56% of CEVA’s share capital.


MSC Cruises logo on the side of a ship

The four 64,000 gt vessels are scheduled to start coming into service from spring 2023 at a rate of one a year.