News

Source: www.lexology.com,Winston & Strawn LLP USA May 31 2019

On May 23, 2019, BIMCO and INTERTANKO released contractual guidance applicable to vessels fitted with scrubbers for compliance with the new “IMO 2020” MARPOL Annex VI rules, which require low sulphur fuels or installation of exhaust gas scrubbers meeting equivalent emissions by 2020. The guidance outlines key issues that charterers and owners should take into account during their negotiations.

Barry Parker, Seatrade Marine, 20 June 2019

The official launch of the Poseidon Principles held in New York on expanded how the initiative from major ship finance banks plans to try and take the lead of a “green transformation” in shipping.

Lee Hong Liang, Seatrade Marine, 19 June 2019

Israel’s Oil Refineries Ltd (ORL) has supplied its first cargo of IMO 2020 compliant bunker fuel with sulphur content capped at 0.5%, reports said.

Lee Hong Liang, Seatrade Maritime 18 June 2019

Titan LNG announced that its new LNG bunker barge has completed its first bunkering operation in Rotterdam port, and the Dutch firm is already working on getting in two more identical barges to operate in the ARA (Amsterdam-Rotterdam-Antwerp) region.

Malcolm Latarche, ShipInsight, 18 June 2019

US-based logistic service provider and SeaTrade subsidiary Hudson Shipping Lines (“Hudson”) has announced as part of its ongoing ‘green’ initiatives, that following the implementation of the IMO2020 sulphur cap on January 1, 2020, it will not employ vessels with scrubbers installed for the purpose of meeting the new IMO standards.