The global shipping industry is at a crossroads, grappling with the urgent need to reduce carbon emissions by changing to greener fuel options, and ammonia has emerged as a promising candidate for fueling ships in this quest.
The EU ETS, established in 2005, is the world’s first emissions trading system and remains the largest greenhouse gas (GHG) emissions trading system across multiple countries and multiple sectors.
The IMO Marine Environmental Protection Committee (MEPC) held its 78th session (MEPC 78) remotely from June 6-10, 2022. This article summarises the outcomes from MEPC 78.
The Sea Cargo Charter ("the Charter") provides a global transparent framework and baseline for assessing and disclosing the climate alignment of chartering activities.
The IMO has been regulating and reducing sulphur emissions from ships since 2005, Learn more about issues which we have seen coming into play along with legal and practical tips which may be of help to members.
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
The Covid-19 pandemic and its impact on global trade has led to many shipowners selling off their ships for dismantling earlier than they might otherwise have done. According to the NGO Shipbreaking Platform, 166 ships were broken up in the first quarter of 2020, and 98 ships in the second quarter.
The Ministry of Oceans and Fisheries has announced the SOX Emission Control Area in major Korean ports, which strengthens the sulfur content standard of ship fuel oil to 0.1% or less according to the Article.
While no changes are anticipated in the US enforced Emission Control Areas (ECAs) on or after 1 January, 2020, US regions outside the ECAs will need to ensure compliance with the IMO's 2020 global 0.5% sulphur cap from 1 January, 2020.
The Government of Iceland have issued a news release stating that, effective 1 January 2020, the permissible sulphur content of marine fuels used in the territorial sea and internal waters of Iceland will be lowered from 3.5% to 0.1%.
Members are referred to ECM Maritime Services LLC's Client Alert 21-2019 for details of ACP's updated fuel requirements for vessels anchoring, transiting through and docking at terminals in Panama Canal waters. These requirements will apply from 1 January 2020, in compliance with IMO 2020.
From 1 January 2020, the new 0.5% m/m global limit for sulphur in fuel used on board ships comes into effect. Parties in the bunker chain i.e. those involved in the production, distribution, storage, handling and use of bunker fuels have expressed concerns over the practical implementation of this new global limit, a substantial drop from the current 3.5% m/m. A Joint Industry Project (JIP) was therefore established to raise awareness of the issues which might arise.
