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New global rules forcing ships to reduce air pollution by using cleaner fuels will see more sulphur and nitrates dumped into the oceans, analysts and civil society leaders say.
Short period (3-5 months) and two-laden-leg fixtures have dried up in the Atlantic dry bulk markets, as shipowners seek to minimize risk ahead of the January 1 implementation date of the IMO 2020 sulfur regulations.
Oshima Shipbuilding and classification society DNV GL have signed a long-term strategic cooperation agreement to conduct research and development together on new bulk carrier designs.
BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.
The three major Korean shipbuilders are making all-out efforts to develop technology for eco-friendly and smart ships.
For almost three years, the oil industry has been puzzling over how to supply merchant ships with fuel that will meet tough new environmental standards.