China will, by all accounts, announce a new environmental initiative before long. The country is expected to surpass IMO's 2020 sulfur regulations and ban the use of open-loop scrubbers within a few years, according to estimations.
China could very well be next in line to introduce a ban against open-loop scrubbers. The country's increasing environmental focus could lead to even tougher rules than the IMO's sulfur regulations, says bank.
The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
A law firm now says that it is involved in a case concerning bad bunker in China. This means that the problem, which has affected close to a hundred ships since the spring of this year, has now spread further.
ExxonMobil bridges its billion dollar investment in LNG production around the world with a new import terminal in China, Reuters reports. The american company will also initially end up sidestepping tariffs, the media bureau writes.
Iran's state-owned container carrier has entered a collaboration with Chinese company to operate the carrier's for new container ships, reports Alphaliner. The new joint venture is announced shortly before US sanctions against Iran take effect.
From Oct. 1, China will require that vessels sailing on the crucial trade route along the Yangtze river sail on fuel with maximum 0.5 percent sulfur. This is three months earlier than expected, reports North P&I in an update to customers.
China's Ministry of Transportation wants to expand the country's LNG infrastructure, so more ships shift from using heavy fuel over to liquefied natural gas. The announcement arrives after the country threatened sanctions on US LNG last week.
China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.