Rickmers-Linie has declared its support for the introduction of stricter sulphur regulations but expects that it will inevitably lead to an increase in the cost of marine fuels. “While shipping is already the most environmentally friendly mode of transport, the new regulations help to further reduce the impact on the environment and our health,” said Ulrich Ulrichs, Chief Executive Officer of Rickmers-Linie. “But low sulphur fuels are more expensive and growing demand is widely expected to further increase the costs of these fuels.” The new regulations come into effect on January 1, 2015 in the Emission Control Areas (ECA) in the U.S. and Canada as well as the North Sea, English Channel and the Baltic Sea. The maximum content of sulphur allowed in marine fuels used in the ECAs will be 0.1%, compared to 1.0% today. Outside the ECAs, sulphur content in marine fuels will need to be reduced from the current 3.5% to 0.5% by the year 2020. As the result of a review by the IMO in 2018, this deadline might however still be postponed to 2025. “Rickmers-Linie fully supports the introduction of the new regulations,” Ulrichs said. “Using these fuels during navigation in the ECAs, the content of sulphur and hazardous sulphur dioxides in the exhausts of our vessels will be reduced considerably.
The Internal Revenue Service (the "IRS") has issued proposed regulations under section 863 of the Internal Revenue Code of 1986, as amended (the "Code"), providing new rules for determining the source of income from activities conducted in international waters for purposes of U.S. income taxation. These new regulations come shortly after the release last year of regulations under Section 883 of the Code that significantly affected the exemption from U.S
IMO’s Maritime Safety Committee (MSC) is scheduled to take place on May 10 through May 19. Long-range identification and tracking of ships on agenda. MSC will discuss the proposed adoption of new regulations on Long-Range Identification and Tracking (LRIT) of ships, when it meets at the Organization's London Headquarters for its 81st session. Other important issues on the MSC agenda include the adoption of other amendments to the SOLAS and STCW Conventions
Transport Canada has issued new regulations to modernize the certification system for Canadian seafarers and harmonize their working conditions with international labor standards. Source: HK Law
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) will conduct a public workshop March 15, 2011, in New Orleans to discuss new requirements for offshore oil and gas companies to develop and implement Safety and Environmental Management Systems (SEMS). The new regulation, 30 CFR 250, Subpart S, was published in the Federal Register on October 15, 2010, and takes effect on November 15, 2011.
One of the world’s largest and most active shipping registers, The Liberian Registry, has called on shipping regulators to ensure the effective implementation of existing rules to protect human life, safety and the environment, rather than creating new rules and regulations instead. Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry, the U.S.-based manager of the Liberian Registry, said
Environmental Resource Center offers in-depth training on regulations for marine & air transportation of hazardous materials. Businesses that are involved in the sea or air transportation of hazardous materials can help their workers keep up with recent changes in new regulations that will impact their shipments through four seminars and webcasts from transportation consulting firm Environmental Resource Center
GTT technology has been chosen by STX France to equip PEGASIS, the new environmental vessel ordered by Brittany Ferries. GTT membrane technology has been selected by STX France to fit out PEGASIS (Power Efficient GAS Innovative Ship), the new environmental ferry propelled with LNG (Liquefied Natural Gas), ordered by Brittany Ferries. This innovative vessel will use GTT Mark III insulation system and will be built in Saint-Nazaire, in France
U.S. Coast Guard, industry working together in preparation for the implementation of inspected towing vessel regulations Marine Inspectors from Marine Safety Unit (MSU) Portland conducted a field dry dock examination, Wednesday, to educate and train the towing vessel community on new regulatory standards that will come into force in the summer of 2018. Shaver Transportation Company suggested the field outreach event during a U.S
Kongsberg Maritime has developed a new Carbon Dioxide (CO2) Monitoring, Reporting and Verification (MRV) application for its K-Fleet suite of Marine Fleet Management Software. K-Fleet MRV has been assessed as meeting the requirements of new EU-regulation 2015/757, which is a result of the EU calling for a global approach to reducing greenhouse gas emissions from international shipping. Entered into force on July 1, 2015, the regulation will be fully effective on January 1, 2018
Total, the world’s fourth-ranked international oil and gas company, and CMA CGM, a leading worldwide shipping group, have signed a three-year memorandum of understanding. The two partners will be combining their expertise to prepare for stricter fuel regulations in the shipping industry
Chemical shipping vessel supply on major routes has been in surplus with many newbuilding deliveries and swing tankers flooding the market. As a result, freight rates on long-haul routes will continue to be challenged by surplus large vessels over the next two years
** Dry bulk shipper Golden Ocean's CEO Birgitte Ringstad Vartdal says industry now faces more positive outlook after market brutal downturn ** Says demand is picking up, supported by increase in steel consumptions both in China and in the rest of the world; coal demand is a swing factor
The March 2017 edition of Maritime Reporter & Engineering News, with U.S. President Donald Trump on the cover, is now available. Read it online here. As this is Maritime Reporter & Engineering News’ ‘Green Marine’ annual
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
Beginning December 2016, Kristina Effler will assist marine customers navigating ballast water treatment alternatives as the new Global Business Manager for Alfa Laval PureBallast. Effler assumes the role just as the global shipping industry prepares for the implementation of the IMO BWM
From 1 January 2020, a new global sulphur cap on marine fuels will come into effect which will turn the whole bunker industry upside down; and World Fuel Services is urging the shipping, bunkering and energy sectors to work together to meet this new challenge.
Morton S. Bouchard III pulls no punches discussing the maritime business and the spate of over-regulation infecting U.S. industry. Morton S. Bouchard III has served as President of Bouchard Transportation Co., Inc., the nation’s largest independently-owned oceangoing petroleum barge
In wake of new low-sulfur rules for maritime, IEA expects to drive a 2-million-bpd increase in demand for low-sulphur diesel Even if the diesel engine's scandal-driven fall from grace pushes it out of the world's passenger cars, an increasing need for it on ships
A new mandatory code for ships using gases or other low-flashpoint fuels enters into force on 1 January 2017, along with new training requirements for seafarers working on those ships. Gas and other low-flashpoint fuels are cleaner for the atmosphere as they emit very low
With more and more ships navigating in polar waters, IMO has moved to address international concern about the protection of the polar environment and the safety of seafarers and passengers with the introduction of new regulations that all ships operating in these harsh and challenging waters
The joint proposal to applicate risk based EMC regulations has been accepted and will be implemented January 2017. The intention of this proposal is to reduce EMC related costs by applying a risk based approach combined with smart installation methods
Now, it becomes easier for private persons to hire out or share their pleasure boats. The Danish Maritime Authority (DMA) has revised its regulations on pleasure boats so that they are now simpler if you want to hire out or share your pleasure boat with others
International Maritime Organization (IMO) Secretary-General Kitack Lim today (23 January) spoke to delegates at the Arctic Frontiers conference about new regulations for ships operating in polar waters. With more and more ships navigating in polar waters
New regulations on limiting sulphur and nitrogen oxides emissions and a burgeoning global infrastructure are adding to the growing momentum for the more widespread adoption of LNG as a marine fuel. “Green Corridor”, a new joint industry project (JIP) signed recently in Singapore