Enters into agreement to purchase scrubber systems for 42 vessels in 2019 and 10 vessels in 2020.
Co-CEOs Trygve P. Munthe and Svein Moxnes Harfjeld explain position to shareholders in a letter.
‘We believe that it is essential to segregate transparently the burden of fuel costs,’ it says in release.
Ban of wash water discharge from open-loop scrubbers to take effect from 1 January 2020.
Chief Financial Officer Shivakumar explains why scrubber installation favour bigger ships.
Vessels entering Taiwanese ports to use 0.5% sulphur limit marine fuel from 1st January 2019.
Country will offer provide special privileges for refineries to encourage low-sulphur fuel production.
Issues Work Instructions to certify ‘qualifying engines’ for earlier vessels, writes legal firm Blank Rome.
Compliance deadline coming fast, but shipping industry is still quite indecisive on which measures to take.
Scrubbers to be installed during routine dry dockings, majority scheduled for 2019 or early 2020.
