Responsibility is a key issue ahead of the implementation of the new sulfur regulations, after which ships the world over will no longer be allowed to sail on bunker with sulfur content exceeding 0.5 percent.
As such, shipping association Bimco has drafted and now adopted two new bunker clauses which seek to clarify which party is responsible for ensuring regulatory compliance with the coming sulfur rules.
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Coal is in high demand in China, and by all appearances, the appetite for coal will not abate in the coming months, benefiting dry bulk operators. Norden and Lauritzen note how the Chinese coal policy – in addition to its import ban from Australia – serves to strengthen an already strong market. Clarified.