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

FROM THE MAGAZINE: Road rules drive cargoes on to rail thumbnail image

FROM THE MAGAZINE: Road rules drive cargoes on to rail

June 24 - Germany is seeing more project cargoes switching to rail as road regulations are more strictly enforced, while in Russia the sheer distances involved ensure the economic advantages of rail, writes Yvonne Mulder.
Views: 193
FROM THE MAGAZINE: Positive prospects for decommissioning thumbnail image

FROM THE MAGAZINE: Positive prospects for decommissioning

June 21 - A growing need to decommission older non-renewable power plants, particularly nuclear, is set to create increasing business opportunities for heavy lift service providers over the next few years, writes Phil Hastings.
Views: 422
Multipurpose charter rates remain stable thumbnail image

Multipurpose charter rates remain stable

June 14 - Time charter rates in the multipurpose shipping sector have remained stable over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 1131
FROM THE MAGAZINE: Europe’s divided approach to China thumbnail image

FROM THE MAGAZINE: Europe’s divided approach to China

June 13 - The Chinese investment effort that seeks to deepen infrastructure links across Asia, Africa, Europe and Latin America – the Belt and Road Initiative (BRI) – is a step closer to expanding its influence in Europe. Sophie Barnes reports.
Views: 1079

Heavy Lift Across The World

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