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Even with the sulphur cap expected to give a boost to the tanker market, high fleet growth will put pressure on earnings.
Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.
Join Peter Sand at the London International Shipping Week, where he will be participating in the Navigating Through IMO 2020 amid slowing growth discussion hosted by Bloomberg Intelligence. The discussion will cover the outlook for the commercial shipping markets, alongside an IMO panel discussion on how to prepare for the upcoming IMO 2020 Sulphur Cap. The event will be followed with a networking reception.
BIMCO has contributed to a guidance on the supply and use of 0.50% sulphur marine fuel.
The International Maritime Organization (IMO) has approved and published guidelines for port state control (PSC) under MARPOL Annex VI, which gives Technical departments, HSEQ departments and ship crews an indication of what to expect by PSC from 1 January 2020.
The International Maritime Organization (IMO) has approved and published the revised guidelines for on board sampling for the verification of the sulphur content of the fuel oil used on board ships. Furthermore, guidance on verification procedures for fuel oil samples drawn in accordance with MARPOL Annex VI has also been released.
The International Maritime Organization (IMO) has approved and published a unified interpretation to MARPOL Annex VI in relation to applying the 2020 sulphur requirements to onboard emergency equipment.