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There are several problems about slowing ships down to such a low speed that the people who shipped the cargo forget they ever loaded it and the consignees give up in despair, including the safety of the vessel in the unpredictable elements
‘While there remain many questions around policing and enforcement, the IMO has made it very clear that any vessel that does not meet these requirements risks being declared unseaworthy,’ says John Kerr, global head of technical
Cargo failure or liquefaction led to 101 deaths from nine bulker incidents over the 10-year period, says the International Association of Dry Cargo Shipowners
Jean-Hervé Jenn, chief executive of Inatech, a unit of Glencore, argues that IMO 2020 will benefit African producers of sweet crude oil and advanced refiners on the US Gulf coast and China. His list of five key winners is headed by Asian and African children
Proposals being put to the IMO to reduce ship speeds in order to cut carbon emissions are misguided and will do nothing to reduce emissions
Rising demand for charter tonnage is raising rates and lowering the unemployed ship pool
UPDATED: Brent crude traded as high as $74.67 per barrel on Tuesday morning, although it later steadied to $74.12 on London’s ICE Futures Europe exchange
The facility will have 2.5m tonnes per annum of LNG production capacity once complete
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