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  • DHT Holdings: Frontline Submits New Unimproved Offer 26 april 2017
    Bermuda-based crude oil tanker firm DHT Holdings has received a new “unimproved” proposal from Frontline to acquire all of the outstanding shares of common stock of DHT in a stock-for-stock transaction. The company said that Frontline has again proposed a ratio of 0.8 Frontline shares for each share of DHT, which is the same exchange ratio contained […] […]
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  • Spotted: CMA CGM Becomes Largest Boxship to Call Indonesia 26 april 2017
    In today’s spotted, we bring you an image of CMA CGM Otello which arrived at the Jakarta International Container Terminal in Indonesia earlier this week as the largest container vessel to call this country.  During the ship’s visit, its maiden voyage for “the industry’s first direct service” from Indonesia to the United States was celebrated […] […]
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  • BIMCO: Dry Bulk Recovery A False Dawn 25 april 2017
    Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point mark on 27 March 2017, BIMCO expects the sector’s fully-fledged recovery to start taking shape in 2018 and 2019. The BDI going up brought earnings into profitable levels for a couple of days, but for the recovery […] […]
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Bridging the gap of knowledge among ECA shipowners

14 Nov 2011

According to a poll we conducted with shipowners in Northern Europe, almost half of respondents feel there are discrepancies between EU Directives and IMO regulations on sulphur standards in Emission Control Areas for 2015.  At the same time, a large majority of these same respondents feel they fully understand the EU Directives.

This shows a clear gap of knowledge among shipowners in regards to sulphur standards set by the EU.  Recent communication from the European Union has been pretty clear that standards from the two institutions will be harmonized:

“In October 2008, MARPOL Annex VI was amended, introducing requirements for lower sulphur fuels globally, but also more stringent limits in the Emission Control Areas (ECAs).  In order to ensure regulatory consistency, the relevant EU legislation will be aligned with the latest IMO requirements.”

This confusion, complemented with a lack of knowledge on scrubber technologies, LNG infrastructure, and available financial channels, is one of the center points of the upcoming MARPOL Annex VI Summit.  Our aim is to provide a neutral platform for shipowners and all stakeholders involved with Sulphur standards in ECA to help the shipping industry face a tough transitional period.

Link to European Commission Staff Working Paper: http://ec.europa.eu/environment/air/transport/pdf/ships/sec_2011_1052.pdf

Sincerely,

Thomas Igou, Project Manager, MARPOL Annex VI Summit