The International Maritime Organisation (IMO) has been working to reduce the harmful impacts of shipping on the environment, setting progressively stricter limits on the sulphur content of fuel oils used by vessels. Failure to comply with these new rules can lead to substantial fines.
Recently, the IMO has adopted a 2008 resolution that introduces a reduced global sulphur cap on marine fuels. The current global limit of 3.5% mass/mass (m/m) shall decrease to 0.5% m/m from 1 January 2020.
While the new regulation has been welcomed by all, there are challenges in ensuring its full compliance and enforcement. This page is dedicated to provide Members with the resources necessary to overcome these challenges.
The Sea Cargo Charter
The Sea Cargo Charter (“the Charter”) provides a global transparent framework and baseline for assessing and disclosing the climate alignment of chartering activities against the IMO’s absolute target as set out in its Initial Strategy which is to reduce the shipping industry’s total annual greenhouse gas (“GHG”) emissions by at least 50% of 2008 levels by 2050.
A Roadmap for Ship Decarbonisation
Global warming is one of the most severe and complex challenges our world faces today; there is an urgent need to reduce emission levels and avoid the most devastating impacts of climate change and every individual, business, and industry, including shipping, has a part to play.
The IMO MEPC Review on VLSFOs
In the lead up to the implementation of the IMO Sulphur regulations (on 1 January 2020), the shipping industry raised concerns over the uncertainty and potential diversity of the VLSFO characteristics so the ISO committee in charge of ISO 8217 has published a global overview of the key VLSFO fuel characteristics.
The Club has partnered with Veritas Petroleum Services (VPS), a global market leader in marine fuel testing and bunker surveys.
The 75th session of the IMO’s Marine Environment Protection Committee (MEPC 75) took place remotely from 16 to 20 November.
The IMO announced that two new draft mandatory measures to cut the carbon intensity of existing ships have been agreed by its Working Group on Reduction of GHG Emissions from Ships.