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The managing director of IR Class explained how classification societies play a significant role in enabling shipping to meet regulatory requirements
The company, which kept the majority of its fleet engaged in the spot market, saw profits fall by more than half in the fourth quarter of 2019 compared with the same period a year earlier
Coronavirus ‘has not affected operations at the Admiralty Yard’, Sembmarine says
The outbreak has no immediate impact on ground operations but discussion is under way to mitigate supply chain disruption, Sembmarine group chief executive, Wong Weng Sun said
Flag states and class urged to recognise force majeure and extend validity of certificates wherever applicable
Lloyd’s List Intelligence data on scrubber penetration shows at least 2,753 vessels, totalling 328.7m dwt, are now trading and have scrubbers installed
‘We’ve had evidence of where a fuel has passed inspection, but has other additives inside it, which potentially could cause harm to machinery going forward,’ said Chaucer Syndicate 1084’s Philip Graham
If shipping is to fully decarbonise by 2050, this will require further investments of some $400bn over 20 years, bringing the total to between $1.4trn and $1.9trn
Petros Pappas-led outfit on track for strong cash generation thanks to recent acquisitions and improving dry bulk fundamentals, and early adopter stance on scrubbers could double or even triple current cashflow projections
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