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%.
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.
The delivery of fewer newbuildings has led to an aging yet still expanding Greek fleet capacity wise though the number of shipping companies is in steady decline according to a new study of the Greek shipping.
IMO’s Sub-Committee on Pollution Prevention and Response (PPR) meets this week (18-22 February) at IMO headquarters. The meeting will focus on finalizing draft Guidelines on consistent implementation of the 0.50% sulphur limit under MARPOL Annex VI.
Kitack Lim has been given a second four-year term as Secretary General of the International Maritime Organization (IMO).
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.
International Ship Engineering Service (ISES) Association is please to invite you to join us during SMM exhibition, Hamburg – Germany.
We look forward to you visiting us in Hall B8, Stand 135
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.
The dry bulk shipping industry appears to be quite strong, with slowly increasing global trade volumes.
Time charter rates were broadly lower in the first quarter 2018 compared to the fourth quarter 2017 but this does not appear to be due to lower shipping volume.
International Ship Electrical & Engineering (ISES) Association is please to invite you to join us during Posidonia exhibition, Athens – Greece.
We look forward to you visiting us on Stand 1-129 where you can meet our President, several members and me.
The Norwegian Shipowners’ Association annual outlook survey indicates guarded optimism with regard to revenue and profitability in 2018. Half of Norwegian Shipowners’ Association members anticipate increased turnover in 2018. For the offshore segments, survey results indicate that peak layup has likely been reached.
The manufacturers and stakeholders in the ballast water treatment equipment market have taken a major step forward by codifying a unified manufacturers’ association.
The UK Department for Transport (DfT) posted the Shipping Fleet Statistics: 2017. Gross tonnage on the UK Ship Register was 16.2 million at the end of December 2017, an increase of 7% on the previous year and a third consecutive year of growth.
Maritime law makers faces stiff challenges in their work on the future of the Global Maritime Distress and Safety System, writes Aline de Bièvre
This document published by LR, summarizes the most important IMO/ ILO requirements entering into force.
Overall, 2017 was a good year for the ocean shipping industry. Operating margins for most carriers improved, driven by robust demand, positive inventory developments and higher rate levels. Will the positive recovery continue? Or will the vicious cycle we’ve experienced since 2008 continue, where carriers are truly profitable for only three to four years at a time?
The IMO issued a notice stating that the theme this year for World Maritime Day is “IMO 70: Our Heritage – Better Shipping for a Better Future” commemorating the 70th anniversary of the Convention establishing the organization.
Greece remains on the throne of the top shipowning nations by value whose combined fleet is worth USD 516 billion, data from VesselsValue’s latest infographic shows.
Any breakdown of the world fleet into ship type, ownership or any other parameter can only ever be a snapshot because it changes constantly as ships are scrapped, newbuildings delivered and vessels change hands all the time.
European Maritime safety Agency has issued the Annual Overview of Marine Casualties and Incidents. It consists in a high-level analysis of accidents reported by the EU Member States in European Marine Casualty Information Platform (EMCIP).
AMI Group Member TMQ International Pty Ltd are now ISO 9001:2015 QA compliant, having completed their Audit successfully on the 5th October 2017.
What’s on the regulatory agenda (Including news from 71th session of MEPC, 98th session of MSC and 29th IMO Assembly)
Cyber security is not just about preventing hackers gaining access to systems and information, potentially resulting in loss of confidentiality and/or control. It also addresses the maintenance of integrity and availability of information and systems, ensuring business continuity and the continuing utility of digital assets and systems.
The shipping industry is by far the most extrovert sector of the national economy, a leading global player and a major source of income, wealth and prestige for Greece. In a challenging global environment, the Greek shipping community is heavily investing and expanding its global footprint.
Marine Environment Protection Committee (MEPC) 71 was a very busy week and ship owners can now benefit from having a firm view of the regulatory timeline for complying with the latest global require-ments for managing the ballast water from their vessels. Unfortunately, the timeline remains very crowded and for owners with ships trading to and from the U.S., compliance is more complicated.
The Maritime Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) decided to extend the time for compliance with the Ballast Water Management (BWM) Convention. As a result, only vessels built after its entry into force on September 8, 2017 will immediately be subject to the new ballast water performance standard.
Japan’s big three shipping groups – K Line, MOL and NYK – have officially established Ocean Network Express (ONE), making further progress on the integration of their container shipping businesses.
The collision of a container ship with a U.S. Navy destroyer off the coast off Japan last weekend has highlighted the fact that the open waters can be pretty busy places.
Cruise ships take passengers across seas and even between continents, but have you ever stopped to think about how they are prepared for such a journey?
The 2017 ICS Annual Review is intended as a comprehensive overview of all the major issues faced by the global shipping industry, and in which ICS is engaged on behalf of its member national shipowners’ associations.
Container ship safety is under the spotlight with ever-increasing ship sizes, as evidenced by the January 2015 inauguration of the world’s largest container ship, the MSC Oscar (19,224 teu).
Inmarsat said it has made progress on gaining IMO approval to expand mandated safety communications to its more modern services of FleetBroadband and Fleet One. It is hopeful that IMO will allow these services to become part of the global maritime distress and safety system (GMDSS) that is compulsory for shipping.
International Ship Engineering Service (ISES) Association Ltd becomes a supporting partner of the upcoming Sea Asia Exhibition 2017.
SEA ASIA 2017 SET TO HOST INDUSTRY LEADERS FROM OVER 80 COUNTRIES
Over the next decade, the shipping industry will be impacted by a wide array of shipping regulations. These regulations aim to ensure that this vital sector is environmentally sound, energy efficient, safe and secure.
The International Association of Classification Societies is pleased to announce the release of the 2017 edition of its IACS Blue Book. The latest release of the Blue Book package continues to enhance IACS technical support to the shipping industry through our work and investment in technology, innovation, research and development both at the classification and statutory levels.
In this white paper Seatrade Maritime analyse the top 20 container lines, and where the future lies for those that survived as we move into 2017.
IMO secretary-general Kitack Lim launched the theme for World Maritime Day 2017, “Connecting ships, ports and people” at the Port of Felixstowe on Wednesday.
OmniSkyONE is a reliable weather monitoring system that offers complete weather information in real time and round the clock in any environment.
Over half of ships trading internationally are living with ECDIS, according to the latest figures published by the United Kingdom Hydrographic Office (UKHO).
