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Mr Loosley joins from the Institute of Marine Engineering Science & Technology (IMarEST), the international membership body for all marine professionals, which he has successfully led for the last eight years.
The global dry bulk shipping market is anticipated to grow at a compounded annual growth rate (CAGR) of 4.14% during the period spanning 2019 - 2023. The market is expected to be valued at US$402.65 billion in 2023.
There are “very long waiting lists at some shipyards,” particularly in China, for installation of scrubbers on vessels to ensure compliance with IMO 2020 marine fuel regulations, a leading scrubber technologist said this week.
The shipping industry faces some very significant challenges over the coming years but has a number of reasons to be cheerful as it enters a new decade, according to accountancy and business advisory firm BDO.