The A-E rating system included will incentivise shipowners to improve carbon efficiency and charterers are more likely to pay a premium for highly rated ships, it...
Mechanism lacks details of how carbon efficiency should be measured and which reduction factors should be used to calculate limits for CII for each ship.
Proposed amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.
Brightoil now hopes to focus on its upstream operations and plans to apply for a new share listing in Shanghai after the restructuring programme is completed.
As part of the Reform plan, a pilot run for liquified natural gas (LNG) bunkering services for international ships will be launched in Shenzhen waters.
According to the notice in the Government Gazette, the last day for receiving proofs is Friday (6 November) at the office of liquidators Deloitte Singapore.
The use of a condition monitoring tool could further reduce risk of breakdown scenarios through the diagnostic capability of picking up any incipient failure.
Aspect was selected for its capabilities in the bunker market, its quick implementation, and its ability to adapt to changing international marine fuel regulations, said ION.
The VLSFO-HSFO spread narrowed to $13.20/t on Wednesday, the lowest since Argus launched the Zhoushan Bunker Index (ZBI) in the middle of 2019, it said.
Collaboration areas include projects on decarbonisation, AI-driven decision support tools, predictive maintenance, and cybersecurity, said the MPA.
