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    Environmental protesters from Greenpeace have boarded K Line’s car carrier Elbe Highway, which is transporting Volkswagen cars from Germany, earlier today. The protesters climbed on board the ship at Sheerness in Kent in an attempt to prevent the cars from being unloaded and demanding that they are returned to Germany. “25 Greenpeace volunteers in kayaks […] […]
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    Norway-based shipping company Songa Bulk ASA is contemplating a tap issue in order to use the net proceeds for the acquisition of additional dry bulk vessels. The target amount is USD 18 million in the senior secured bond Songa Bulk ASA 17/22 FRN USD C, with a maturity on June 13, 2022. The current outstanding […] […]
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    Chinese banks seem to be the emerging power when it comes to securing capital for the shipping industry. The market has been dominated by European lenders which are starting to turn to a more localized strategy as they work to trim down their exposure to bad shipping loans. This is in particular seen in Germany, […] […]
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Welcome to MARPOL Annex VI Summit 2012

04 Nov 2011

The shipping industry transports 90% of all goods in the world. No global company, regardless of sector, would be successful without the use of ships. Consequently, any major transformation of the maritime sector would cause a ripple effect, from the shipowners all the way down to the companies that manufacture those goods, and the customers who buy them.

In that regard, IMO regulations in Annex VI of MARPOL are increasingly important, if not crucial, to many key stakeholders. Taking effect January 1st, 2015, sulphur emission content will be restricted to 0.1% in ECA. This is an effort from IMO to make the maritime transport sector catch up with air and land sectors when it comes to lowering air emission’s negative impact on the environment.

Because of the vital importance of the maritime industry, we are proud to present the MARPOL Annex VI Summit, taking place May 9-11 2012 in Copenhagen. This first of its kind platform will bring together C-level executives from shipowner companies as well as all the major stakeholders to share their experience, knowledge and challenges in complying with IMO regulations in ECA. You will participate in an exciting program, complete with fascinating case studies, roundtable sessions designed around the most current developments, and interactive panel debates.

Key topics addressed on this year’s agenda:

  • Scrubbers – Is there an infrastructure in place to handle the wastes produced? Will ports be regulated to handle the sludge or will it be an extra charged-for service?
  • • How will the increase in demand affect the price of Marine Gas Oil? Are European productions able to supply enough by 2015, or will they be forced to import at extra costs?
  • LNG – Where are infrastructures developed and how will that affect trade routes? How will the industry assess the real costs once demand rises?
  • • How are current sulphur disputes resolved, and what parties are involved? What are the consequences if discrepancies rise with 0.1% standards?

At MARPOL Annex VI Summit, you will gain critical insight into all the possibilities for shipowners to meet IMO sulphur requirements in 2015. Our agenda is designed by our ECA Shipowners Committee, and complete with: experience of shipowners who have already turned to LNG as fuel or exhaust gas cleaning systems and their impending results; updates about LNG infrastructure development outside of Norway.

Most importantly, experts from gas producers, academic gurus and researchers, and bunker suppliers will analyze the future outlook of the heavy fuel oil, marine gas oil, and liquefied natural gas market. They will scrutinize the demand and supply reactions to the regulations, and the consequently affected prices these will bear on shipowners’ finances and their freight rates.

Do not miss this extraordinary opportunity to gain critical insights on regulations and the consequential impact it will have on the maritime sector in ECA. I look forward to welcoming you in Copenhagen, May 9-11!

Sincerely,

Thomas Igou, Project Manager, MARPOL Annex VI Summit