Legal & Regulations

  • Verifavia Shipping First Global Eu Mrv Verifier...

    Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), today announced that it has received a second accreditation by France’s national accreditation body Cofrac as a global EU monitoring, reporting, and verification (MRV) verifier. This makes Verifavia the first globally accredited verifier to receive dual accreditation under ISO 14065 standard and regulation 757/2015.

  • Authority for Transport in Malta issues Notice...

    EU Regulation 2015/757 on the Monitoring, Reporting and Verification of Carbon Dioxide Emission from Maritime Transport (the “Regulation”) has entered into force on 1st July 2015. The Authority for Transport in Malta (“Transport Malta”) has recently issued Notice 133 concerning such regulation.

  • Shell to fuel world’s first LNG-powered Aframax...

    A unit of Royal Dutch Shell will fuel the world’s first LNG-powered Aframax crude oil tankers under a deal signed with Russian shipping company SCF Group (Sovcomflot).
    Shippers are looking to liquefied natural gas (LNG) to help them meet stricter emissions regulations in 2020.

  • Egyptian court says maritime pact with Saudi is...

    An Egyptian court on Sunday said its previous ruling effectively validating a controversial maritime border pact with Saudi Arabia remained in place, further muddying an almost yearlong dispute that had strained relations between the two countries.

  • Can the shipowner arrest the charterer’s bunkers...

    While charterers and other third parties can secure claims against the owners by arresting the vessel, owners’ options to secure their claims against charterers are limited. The arrest of bunkers, explored herein, is possible under UAE law but subject to practical difficulties

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IMO catalyst for more efficient ships

“IMO regulations will be a driver and catalyst for a generation of new, more efficient ships” said Stefan Micallef, Director of the Marine Environment Division at IMO, as he concluded his remarks at the 2017 Propulsion and Emissions conference, Hamburg, Germany (10-11 May).

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Offshore leasing order a boon: State could benefit from executive order seeking to open Beaufort, Chukchi seas

President Donald Trump gave Alaska some good news late last week when he signed an executive order directing Interior Secretary Ryan Zinke to review a plan from President Barack Obama’s administration that banned drilling in parts of the Pacific, Arctic and Atlantic oceans. Though a price slump that began in 2014 has reminded Alaskans to plan for a future in which oil no longer provides the lion’s share of state revenue, the commodity remains a vital part of the Alaska economy and likely will remain so for decades to come. The executive order relating to offshore drilling provides hope that drilling on the outer continental shelf off the state’s northern coast may be allowed again.

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Shipping industry faces seismic shift in 2020 as sulfur cap looms

In 2020 the shipping industry is facing its biggest change since the shift away from burning coal a century ago as the IMO is set to impose a new 0.5% sulfur cap on marine fuel emissions. S&P Global Platts associate director Paul Hickin and editorial lead for bunker news Jack Jordan assess the readiness of the industry for the changes ahead, as well as the likely options for shipowners in coping with the stricter emissions regulations.

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