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.
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.
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.
The decision by IMO to enforce a global 0.5% cap on fuel sulphur content from 2020 could lead to a surge in the installation of scrubbers, with up to 25% of global fleet fitted with the abatement technology by 2025, according to DuPont Clean Technologies.
Pacific Green Technologies agree to distribute additional environmental technologies through the PowerChina SPEM joint venture
SAN JOSE, CA – March 22nd, 2016 - Pacific Green Technologies China Limited (“PGTC”) a subsidiary of Pacific Green Technologies Inc. (OTCQB: PGTK) is pleased to announce that PGTC and POWERCHINA SPEM Co., Limited (“POWERCHINA SPEM”) have agreed to identify and source complimentary new environmental technologies alongside the ENVI emission systems to be distributed through the Commercial Joint Venture Agreement (“JV”) in the China market.