Regulatory Updates

DNV Launches The New Compliance Planner Tool

  • DNV has launched Compliance Planner – a new digital tool for their customers.
  • The Compliance Planner enables to easily track the requirements and deadlines of legislation for both individual vessels and entire fleets .

DNV, the world’s leading classification society, has launched Compliance Planner – a new digital tool that enables DNV customers to easily track the requirements and deadlines of legislation for both individual vessels and entire fleets, reports DNV.

Compliance Solutions

As both...

https://mfame.guru/dnv-launches-the-new-compliance-planner-tool/

IMO Small Step Towards Flashpoint Regulations

Efforts have been underway at the IMO for some time to ensure that oil-based bunker fuels, when delivered to ships, comply with the flashpoint limit of 60⁰C stipulated under SOLAS. 

The subject came up during the run-up to the IMO 2020 sulphur limit, amid concerns about the potential impact on ship safety associated with the move to fuels complying with the 0.50% sulphur limit required under MARPOL Annex VI, says in article published on their website.

Regulation near completion

Some elements of...

https://mfame.guru/imo-small-step-towards-flashpoint-regulations/

Collision Of New Global Corporate Tax With Shipping’s Tonnage Tax

The new global corporate tax rate agreed upon by the G7 nations on risks undermining the cornerstone of how shipping companies are taxed today, through tonnage taxation.

The new global minimum tax rate, which is slowly coming together, is on collision course with the tonnage tax schemes, which most shipping companies are subject to today, says shipping lawyer and partner of London-based law firm Watson Farley, Richard Stephens.

Far reaching consequences

In a formal submission to the Organization...

https://mfame.guru/collision-of-new-global-corporate-tax-with-shippings-tonnage-tax/

Ship Scrap Prices Rises to $500/ton During the Pandemic

Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland. 

Today his company is dominant in the field, and in the last year he has seen an unprecedented 70% run up on ship scrap prices, approaching $500 per ton. He weighs in on ship scrapping trends and direction, says an article published on OE digital.

About...

https://mfame.guru/ship-scrap-prices-rises-to-500-ton-during-the-pandemic/

Diginex, Hafnia To Launch ESG Reporting Tool

Diginex Solutions, a sustainability-focused impact technology company, has partnered with Hafnia, one of the world’s leading oil product tanker owners and operators, to create a new Environmental, Social and Governance (ESG) reporting tool for the shipping industry, reports Diginex.

Joint research

Diginex and Hafnia will start their collaboration by conducting a joint study of key disclosures relevant to the maritime industry, selecting from best-practice frameworks, including the United Nations...

https://mfame.guru/diginex-hafnia-to-launch-esg-reporting-tool/

RightShip Unveils Dry Bulk Inspections Questionnaire

  • RightShip announced a new, expanded inspections questionnaire.
  • It is designed to enhance its risk assessment service and support shipowners and managers.

RightShip announced a new, expanded inspections questionnaire designed to enhance its risk assessment service and support shipowners and managers improve dry bulk standards beyond compliance, says an article published in Safety4sea.

Questionnaire’s Expansion

The questionnaire has been expanded to include more vessel type specifics and the...

https://mfame.guru/rightship-unveils-dry-bulk-inspections-questionnaire/

EU To Upgrade Rules On Ship Recycling To Repair Marine Ecosystem

  • The European Union said it would toughen its rules on ship recycling and decommissioning offshore oil and gas sites.
  • It has planed to set new targets to restore damaged marine ecosystems.

According to an article published in Global Times, The European Union on Monday said it would toughen its rules on ship recycling and decommissioning offshore oil and gas sites, and set new targets to restore damaged marine ecosystems.

Sectors Sustaining Hurdles

Sectors linked to seas and oceans, such as...

https://mfame.guru/eu-to-upgrade-rules-on-ship-recycling-to-repair-marine-ecosystem/

Is EU Regulation an Inhibitor Or Catalyst For Safe Ship Recycling?

Within the last two weeks, the ongoing debate on the European Union Ship Recycling Regulation and a bilateral agreement between the European Union (EU) and India to solve the Basel Ban Amendment conundrum is re-surfacing once again, as the Danish Environmental agency is reportedly investigating Maersk’s recycling standards in India.

Maersk also stated that some of the Indian ship recycling yards that applied for inclusion on the EU-List are even better than the yards that are already approved...

https://mfame.guru/is-eu-regulation-an-inhibitor-or-catalyst-for-safe-ship-recycling/

Bunker Samples Can ‘Make or Break’ Off-spec Claim, Says Gard

An article in Gard explains the necessity of bunker sampling and recording the BDN numbers.

An owner wishing to use a manifold sample may discover that either no such samples were taken or that if they were taken the seal numbers were not mentioned on the Bunker Delivery Note, which allows their validity to be disputed.

The problem

Sampling

It is important to draw a distinction between a MARPOL sample and other samples, i.e. commercial samples. The sampling location of the MARPOL sample is...

https://mfame.guru/bunker-samples-can-make-or-break-off-spec-claim-says-gard/

NYK Commits To Ship Recycling

  • NYK became the first Japanese shipping company to join the Ship Recycling Transparency Initiative (SRTI).
  • NYK will promote transparency of the ship-recycling process through the company’s participation in the SRTI.

NYK Line has become a signatory of the Ship Recycling Transparency Initiative (SRTI) and becomes the 12th shipowner to publicly disclose its approach to ship recycling through the SRTI online platform, reads the company press release.

Ship Recycling Transparency Initiative

The Ship...

https://mfame.guru/nyk-commits-to-ship-recycling/

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