The International Maritime Organization said it approved on Friday an amendment that would ban ships unequipped to strip sulphur from carrying high-sulphur fuel from 2020 - when new sulphur-content limits come into effect.
The owners of 60,000 cargo ships are bracing for tighter emissions rules that are forcing them to make a multibillion-dollar choice: Start buying cleaner-burning fuel or invest in a device that treats the ship’s exhaust before letting it out.
Pacific Green Technologies Marine Limited Signs Agreement With International Shipbroker, Poten & Partners
SAN JOSE, CA – February 8th, 2018 - Pacific Green Technologies Inc. (“PGT”) (OTCQB: PGTK) is pleased to announce that its subsidiary Pacific Green Technologies Marine Limited has signed a brokerage agreement with Poten & Partners (“Poten”) to assist PGT in marketing its marine industry leading ENVI-Marine™ Exhaust Gas Scrubbing System.
As the International Maritime Organization's (IMO) 2020 sulphur cap draws closer, insurance broker Marsh has emphasised that non-compliance with the regulations could allow a ship to be declared unseaworthy, threatening to invalidate liability insurance cover.
The implications of the IMO cap will be widespread and there are plenty of questions that remain unanswered, one of which is the impact on insurance policies.
In this CEOLIVE.TV Investor Profile we interview Alex Shead, CEO Asia of Pacific Green Technologies (PGTK). Mr. Shead discusses the continuing evolution of the company's Joint Venture with POWERCHINA and how it is emerging to become a leading player in the marine emissions control sector.
Chief Executive Dr. Neil Carmichael's year-end statement:
"As we look into the new year, I wanted to summarize our achievements of the past year as our Group has successfully made the transition from a technology development company into a fully commercial operational company.
In this episode of CEOLIVE.TV we are joined again by Pacific Green Technologies' Scott Poulter who is heading up their international business development efforts in the marine sector.
Bunker News Announces: There Will Be No Delay to January 1, 2020 Start Date for New 0.50% Global Sulfur Cap: IMO
The International Maritime Organization (IMO) has reiterated that it will not postpone the start date for a new 0.50% global sulfur cap on marine fuel set to come into force in 2020.
Pacific Green Technologies ENVI-Marine™ System Successfully Completes Commissioning and Sulfur (“SOx”) Emissions Tests on Union Maritime Limited's (“UML”) Westminster Chemical Tanker
(OTCQB: PGTK) is pleased to confirm that it has successfully completed its commissioning and emissions testing for its ENVI-Marine™ Exhaust Gas Scrubbing System on UML’s “Westminster” Chemical Tanker.
Pacific Green Technologies Signs Memorandum of Understanding to Become Majority Shareholder in New Chinese Environmental and Renewable Company with POWERCHINA SPEM
SAN JOSE, CA – August 16th, 2017 - Pacific Green Technologies Inc. (“Pacific Green”) (OTCQB: PGTK) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with POWERCHINA SPEM Co., Limited (“POWERCHINA SPEM”) to incorporate a new company whereby Pacific Green will own 50.1% and POWERCHINA SPEM 49.9%.