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
INTERCARGO-member fleets outperform on safety and compliance
(Posted on 17/07/25)Dry bulk carriers entered with the International Association of Dry Cargo Shipowners (INTERCARGO) continue... Read more
NEMO strengthens global role with official status from IMO and IAEA
(Posted on 15/07/25)The Nuclear Energy Maritime Organization (NEMO) is proud to announce that it has officially been granted... Read more
Industry statement on recent Red Sea attacks on shipping
(Posted on 09/07/25)ICS, BIMCO, European Shipowners | ECSA, INTERCARGO and INTERTANKO have released a joint industry statement... Read more
NovaAlgoma Cement Carriers establishes new JV with DP World
(Posted on 08/07/25)NovaAlgoma Cement Carriers Limited, a joint venture between Algoma Central Corporation and Nova Marine... Read more
Julia Ju appointed The Swedish Club’s new Chief Executive in Hong Kong
(Posted on 08/07/25)The Swedish Club has announced the appointment of Julia Ju as the new Chief Executive and Area Manager... Read more
INTERCARGO condemns attack on bulk carrier Magic Seas
(Posted on 07/07/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has condemned the recent armed attack... Read more
NORDEN sells two additional vessels
(Posted on 02/07/25)NORDEN has announced that they have sold two additional vessels, one Supramax bulk carrier and one MR... Read more
Columbia Group backs Turkey as global shipping leader
(Posted on 02/07/25)Columbia Group CEO, Mark O’Neil, has paid tribute to Turkey’s ‘resilient and innovative... Read more
Pacific Basin signs MOU to enhance access to green fuels
(Posted on 27/06/25)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has signed... Read more
Major milestone for nuclear-powered ships as IMO agrees outdated regulations revision
(Posted on 27/06/25)The IMO has formally agreed to start the revision of outdated regulations for nuclear-powered ships.... Read more
