MEPC's enforcement approach to IMO 2020 is high stakes for shipping and Big Oil.
Safety & Regulation
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.
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.
The award recognises Dr Grahaeme Henderson, vice president, shipping & maritime, Shell, for his focus to drive collaboration and improve safety across the industry
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.
The new rules, which are contained in the EU’s Ship Recycling Regulation (SRR), require existing ships to be surveyed and certified by 31 December 2020.
The IUA published its annual London Company Market Statistics Report, which provides figures for the London market excluding Lloyd’s, reported a rise in the level of marine premium written last year.
The all-inclusive cost, including the price of the scrubber, installation, and loss of hire, will be USD3–4 million per ship.
After what it described as a “remarkable feat” on the part of French and Italian anti-pollution vessels, the maritime prefecture in the French city of Toulon said the amount of fuel oil not yet recovered represented less than the volume of an average commercial van.
The UK Club said it will partner with Thomas Miller Specialty Offshore (TMSO), to provide its members with a range of insurance covers in the Offshore sector to meet any incurred liabilities and losses.