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EDITORIAL
IMO 2020: Impact and benefits of the maritime transport regulation
The latest of the International Maritime Organization (IMO) regulations, known as IMO 2020, requires reducing sulfur oxide (SOx) emissions from ocean vessels to less than 0.50% by mass. This bold initiative, which entered into force on…
Coronavirus: Impact to maritime transport in 2020
Maritime transport expected a cyber virus, now the coronavirus will affect the backbone of world trade in 2020.
UNCTAD: Statistics Report 2019 (Maritime Transport)
The United Nations conference on Trade and Development (UNCTAD) has published the 2019 Statistics Manual where it reports current global trade indicators. Regarding the most important indicators, the total value of global trade (exports)…
NYK obtains Japan’s first loan with an environmental interest rate
The Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) received Japan's first loan related to environmental sustainability (environmental interest rate). The five-year syndicated loan linked to sustainability amounts to JPY 50…
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COLOMBIA: Tender for Buenaventura Regasification Plant would be on February 15
According to Caracol Radio, the economic unions of the port of Buenaventura, asked the Governor of the department, to intervene if on February 15 the tender for the Regasification Plant of the Port does not appear.
Edwin Maldonado,…
WMU: Effective Enforcement of IMO 2020 Global Sulphur Cap
The International Maritime Organization’s 2020 Global Sulphur Cap Regulation came into effect as of 1 January 2020, limiting sulfur in fuel oil used onboard ships operating outside designated emission control areas to O.5O% m/m (mass by…
Maersk CEO: EU Antitrust Rules Hurt European Companies’ Competitiveness
In an interview with Danish business magazine Finans, Skou explained that EU competition rules need to be interpreted in light of the new economic and geopolitical reality.
According to Maersk CEO, in the long run, it will hurt consumers…
Baltic Index Hits Nine-Month Low
According to MarineLink, the Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 25 points, or 3.3%, to 729.
The capesize index dropped 119 points, or 16.7%, to 593 - its…
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