Latest news from Heavy Lift & Project Forwarding International Magazine

ICS fears chaos and confusion

The International Chamber of Shipping (ICS) fears ‘chaos and confusion’ unless the International Maritime Organization (IMO) resolves issues concerning the implementation of the 0.5 percent sulphur in marine fuel cap.

Such chaos, according to the ICS, would have serious consequences for the movement of the world’s energy, raw materials and manufactured products. The 0.5 percent sulphur cap is scheduled to come into effect on January 1, 2020.

Speaking at the ICS annual general meeting in Hong Kong, ICS chairman Esben Poulsson said: “The shipping industry fully supports the IMO global sulphur cap and the positive environmental benefits it will bring, and is ready to accept the significant increase in fuel costs that will result.

“But unless a number of serious issues are satisfactorily addressed by governments within the next few months, the smooth flow of maritime trade could be dangerously impeded. It is still far from certain that sufficient quantities of compliant fuels will be available in every port worldwide by January 1, 2020. And in the absence of global standards for many of the new blended fuels that oil refiners have promised, there are some potentially serious safety issues due to the use of incompatible bunkers.”

Poulsson warned that the industry could be faced with “an unholy mess” with ships and cargoes being stuck in ports, unless there is clarity over what types of fuel will be available and at what price, specification and quantity.

The ICS has emphasised that governments will need to make significant progress on these issues at a critical IMO meeting in July about the impending global sulphur cap.

www.ics-shipping.org

www.imo.org

Heavy Lift | News

Crowley realigns activities thumbnail image

Crowley realigns activities

May 17 - Crowley Maritime Corporation has realigned its shipping and solutions business units in a bid to enhance its focus on non-asset based customer solutions.
Views: 394
Bob Felix joins UTC thumbnail image

Bob Felix joins UTC

May 17 - UTC Overseas has appointed Bob Felix to its rail logistics team as director of specialised projects.
Views: 606
Qube in LCR takeover thumbnail image

Qube in LCR takeover

May 17 - Australia-based Qube Holdings has acquired industrial logistics service provider LCR Group in a deal valued at AUD135 million (USD93.2 million).
Views: 424

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.