IMO agrees on global sulfur directive from 2020

The industry has been holding its breath, but on Thursday this week the member states at long last agreed that the global sulfur cap for ship's fuel will come into force on Jan. 1 2020. This was decided at a committee meeting in London, and the decision will have a significant impact on carriers as well as bunker companies.

IMO agrees on global sulfur directive from 2020

New 2020 sulfur regulations cause concern about global enforcement

MSC: Sulfur requirements will cost us more than USD 2 billion a year

Photo: ShippingWatch/Future Line Media.

Executives and decision-makers gathered for the Danish Maritime Forum

This past week the shipping industry gathered for Danish Maritime Days and the key Danish Maritime Forum event to discuss the fundamental changes the industry is facing. ShippingWatch was there. Find our coverage here.

Industry has two days to solve fundamental challenges 

Cordero: The US will discuss alliance responsibility when a member collapses 

Rodolphe Saadé: We may see a new Hanjin 

Euronav CEO: Growing fleet could be a struggle in 2017 

Photo: Hanjin Shipping

Shipowners trapped in Hanjin collapse

Container shipowners such as Seaspan and Danaos, in particular, have been hit by the collapse of Hanjin Shipping. This is evident from a list of the carrier's creditors. And German shipping bank HSH Nordbank has acquired six container vessels from Hanjin, which will now be leased to Maersk  Line.

2,998 creditors have claims for USD 800 million in Hanjin 

World Fuel Services has USD 22 million trapped in Hanjin  

HSH Nordbank leases Hanjin vessels to Maersk Line

Hyundai looks like the only bidder for Hanjin's US network  

Photo: OW Bunker

ING pulls shortest straw in OW Bunker case

Dutch bank ING lost a case concerning rights to claim OW Bunker's receivables in the US. The ruling contradicts the decision issued in the so-called Res Cogitans case in which the UK Supreme Court ruled in favor of ING. The bank considers appealing the case in the US.

ING loses fundamental OW Bunker case 

ING Bank considers next step after losing OW case 

The week also brought the news of a new dry bulk duo consisting of Herman Billung and Arne Blystad, continued problems in multipurpose, and the tale of what it takes to be a talent at Maersk Line.

New dry bulk duo to raise millions for acquisitions 

Banks have huge sums floating around on project vessels 

This is Maersk Line's recipe for talent development

EU politicians want to stop Maersk's scrapping in Alang 

Yet another major investor wants Maersk to explain scrapping policy

"Corruption is a major problem which I've seen up close"