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The colour chart of opaque business practice in shipping comes in an endless range of hues, but a combination of security, financial and regulatory forces have systematically hoisted the industry’s corporate veil and are forcing the industry’s hand into becoming more transparent and accountable
It is being argued that if the IMO is the body approving the R&D fund, it should also be the body to decide where the money goes. Another major objection to the current plan is that rather than charging $2 per tonne of fuel oil that each ship consumes, flag states should collect $0.5 from shipping companies for each gross tonne in their fleet as they already do with multiple yearly fees
About 2.1m tonnes of dirty cargoes was loaded from the offshore port limit of the Iraqi port in January, Lloyd’s List Intelligence data shows
Europe’s four leading carriers have taken the bold step of agreeing to work in collaboration to help decarbonise the shipping sector, while there appears to be a growing acceptance within the industry that new EU rules on limiting emissions are on the way – and sooner than many would prefer.
The shipping industry knows EU rules on emissions are coming. Soon enough, those parts of the industry that think the EU is acting a misguidedly draconian fashion by failing to secure global co-operation will be forced to turn their focus on what those rules will look like
A high-profile panel discussion in Brussels highlighted how despite agreement on the overall goal, decision makers and stakeholders have different visions of the future
The two executives came to the authorities’ attention in the massive Brazilian anti-corruption campaign Operation Car Wash
Jutta Paulus is the politician at the vanguard of arguing the case that the EU ought to step in and regulate emissions, even without any global consensus on such an issue. She is also at the forefront of putting the argument to the shipping industry that it should cough up funding for maritime decarbonisation projects in the EU
Between 8,000 and 9,000 installations of ballast water treatment systems are expected this year, with over 11,000 anticipated in 2021
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