Shipping Regulations Archives - Maritime Shipping News

Is IMO 2020 shipping regulation worsening global warming?

12 July 2023

It is scorching out there. High-temperature records are being broken daily. Oceans off some shores are as hot as bathwater. What is to blame? The list of culprits and possible culprits includes fossil fuel emissions, natural climate change, El Nino, changes in the Gulf Stream, the decline in Arctic Sea ice, the so-called Azores High pressure system and one contributing factor that will be familiar to those in ocean shipping: the IMO 2020 regulation.

The IMO 2020 regulation has significantly...

https://www.freightwaves.com/news/is-imo-2020-shipping-regulation-worsening-global-warming

New shipping regulation to combat global warming is under fire

22 December 2022

The ocean shipping industry is just days away from the debut of the Carbon Intensity Indicator (CII), a new regulation meant to combat global warming. Even as an initial baby step, the CII is not inspiring confidence in the future decarbonization of shipping.

The new regulation seeks to lower carbon emissions by having container ships, tankers, bulkers, car carriers and other vessels operate more efficiently. It is a product of the United Nations’ International Maritime Organization (IMO) that...

https://www.freightwaves.com/news/new-shipping-regulation-to-combat-global-warming-is-under-fire

Cartel? Liner competition increased as trans-Pacific rates spiked

3 February 2022

It’s seemingly inevitable: As ocean carrier profits soar — and they’re now reaching historic heights — the highly consolidated liner industry will face growing accusations of unfairness and wrongdoing.

The Hill reported Wednesday that Sen. Amy Klobuchar, a Senate Judiciary Committee member, “is working on antitrust legislation related to the shipping industry.” The same day, the watchdog organization Accountable.US accused shipping lines of charging “abusively high fees.”

Social media posts this...

https://www.freightwaves.com/news/cartel-liner-competition-increased-as-trans-pacific-rates-spiked

Shipping climate clash: What it means to bottom lines

27 October 2020

The world unites to swiftly and strictly limit carbon emissions from ocean shipping. Only the cleanest new ships are built, limiting future capacity. Dirty old ships are rapidly scrapped. Cargo shippers and trade-dependent nations willingly pay the cost of decarbonization. Freight rates and shipowner stock returns are boosted for decades to come …

Anyone who still believes this fantasy should pay closer attention to the fierce battle underway at the International Maritime Organization (IMO) in...

https://www.freightwaves.com/news/shipping-climate-clash-what-it-means-to-bottom-lines

20% vs the Target of 50% Emission Reduction by 2050

1 March 2019

In a major development, BIMCO has proposed that the Fourth International Maritime Organization (IMO) Greenhouse Gas Study should not include unrealistically high gross domestic product (GDP) growth projections to predict future transport demand – and thereby emissions – of the shipping industry, says a press release published on the BIMCO website.

The proposal has been made to the expert workshop preparing for the study, which is meeting in London 12-14 March.

Why is it needed?

“It is imperative...

http://mfame.guru/20-vs-the-target-of-50-emission-reduction-by-2050/