CSA 2020 statement
(Posted on 26/03/20)
Ian Adams, Executive Director, Clean Shipping Alliance 2020:
"Given the unprecedented circumstances we all find ourselves, we should not dwell too much on the narrowing fuel price spread. Bunker prices will undoubtedly be distorted due to the difficult and challenging post-coronavirus market, exacerbated by the spat between Russia and Saudi Arabia which is culminating in an oil surplus in a market where demand has reached a nadir.
"Certainly, media reports concerning the narrowing of fuel prices should not be a deterrent to the wider take-up of marine exhaust gas cleaning systems (EGCS) as the technology remains the optimal, most effective means of meeting MARPOL Annex VI requirements. The use of EGCS also avoids the uncertainty surrounding the quality and availability of VLSFO.
"Existing and new users of EGCS have invested in the technology first and foremost to reduce the impact of sulphur emissions on human health. Indeed, with members of the Alliance reporting that their installations are reducing sulphur emissions down to less than 0.10%, well below the mandatory 0.50%, then their investments can be considered not only sensible but successful."
Latest News
ASL sees continued surge in demand for Cape Size carriers
(Posted on 19/03/25)The surge in demand for Cape Size bulk carriers will continue for another six weeks, driven on by increased... Read more
Partnership to enhance compliance and emissions management
(Posted on 18/03/25)OrbitMI, a leading provider of maritime SaaS software, has announced that Istanbul-based Statu Shipping... Read more
INTERCARGO statement on loss of seafarers in Odesa bulker attack
(Posted on 18/03/25)“The International Association of Dry Cargo Shipowners (INTERCARGO) is deeply saddened by the... Read more
DNV white paper on adoption of ammonia and hydrogen fuels
(Posted on 18/03/25)As the shipping industry continues its transition to carbon-neutral fuels, ammonia and hydrogen are... Read more
Enclosed space survey aims to understand why seafarers are still dying
(Posted on 12/03/25)Ship managers and maritime professionals have joined forces to address concerns over the continuing... Read more
Algoma takes delivery of three vessels in a week including final Equinox
(Posted on 12/03/25)Algoma Central Corporation has achieved a significant milestone, taking delivery of three new ships,... Read more
Asyad Shipping successfully lists on Muscat Stock Exchange
(Posted on 12/03/25)Asyad Shipping Company SAOG, one of the world’s largest diversified maritime providers and a global... Read more
Maritime framework in focus as Jamaica develops its maritime services
(Posted on 12/03/25)As Jamaica continues to develop its maritime sector, expanding its shipping services, growing its bunkering... Read more
Record-breaking year in safety for ESL Shipping
(Posted on 06/03/25)ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic region, has achieved remarkable... Read more
DNV report to help shipowners select energy-efficiency measures
(Posted on 06/03/25)With increasing regulatory pressure and rising fuel costs, the shipping industry must accelerate decarbonization... Read more
