The Strategic and Economic Role of Greek Shipping

The global economy started in 2018 on a positive note but, as industrial production decelerated, trade slowed and business confidence fell, the momentum lost steam.
Global growth, which peaked at close to 4% in 2017, moderated to 3.6% in 2018 and is projected to decline further to 3.3% in 2019. With improvements expected in the second half of 2019, global economic growth in 2020 is projected to return to 3.6%.

IMO 2020: Checking Scrubber Compliance!

A lot of the uncertainties have concerned the availability, cost and the characteristics of compliant fuels. Non-compliance usual methods include vessel detention with the threat of banning orders for repeat offenders and financial penalties.
IMO has also included guidance on the action to be taken in the event of a scrubber failure.

Ballast Water Management Convention and BWMS Code – 2018 Consolidated Edition

The International Convention for the Control and Management of Ships’ Ballast Water and Sediments, 2004 (BWM Convention), is concerned with preventing, minimizing and ultimately eliminating the risks to the environment, human health, property and resources arising from the transfer of harmful aquatic organisms and pathogens, through the control and management of ships’ ballast water and sediments.

Meeting the 2020 sulphur cap – Scrubbers ordered or fitted for close to 1,000 vessels: EGCSA

Shipowners have ordered or installed scrubbers for nearly 1,000 vessels as the uptake in exhaust gas cleaning systems rapidly accelerates ahead of the 1 January 2020 0.5% global sulphur cap from the IMO.
According to the Exhaust Gas Cleaning System Association (EGCSA) the number of ships with scrubbers either installed or on order stood at 983 as of 31 May this year.