The Government of Sweden has decided to issue an “environmental sanction fee” as a punishment to shipping firms which violate the global sulphur cap for marine fuels, it says.
The penalty fee for first offenders will start from between SEK 5,000 (USD $570) to SEK 500,000; the size of the fine will depend on the engine's power and the sulphur content of the fuel – the higher the engine power and the sulphur content, the higher the penalty.
If an environmental sanction fee has been decided for an infringement, and the violation continues or repeated, a fee twice the amount will be paid. In other words, the fee can be as high as SEK 1,000,000.
There are “strong economic incentives” for commercial shipping firms to violate the rules on maximum sulphur content in marine fuel, says the government.
The cost of high sulphur fuel is significantly lower than more environmentally friendly fuel with low sulphur content, and an effective sanction system helps to protect human health and the environment by reducing sulphur oxide emissions. It also ensures competition neutrality.
“Through this reform, regulatory authorities can decide on effective and sensible measures against those who flee with marine fuel,” says Environmental Minister Karolina Skog.
“My hope is that this will lead to reduced emissions from commercial shipping and better competitive conditions.”
Photo credit: Kristian Pohl/Regeringskansliet
Published: 6 June, 2018
Wisdom Marine International Limited did not pay crew for four months; vessel released after crew paid.
A meeting of the creditors of Daichi Shipmanagement will be held via audio visual communication on Monday (9 November) at 11.00 am, according to a notice.
Section 285 is not designed for liquidators to investigate causes of action that the creditors or members may wish to take up personally, states Judges at Court of Appeal.
Highlights withdrawal of Broad Action’s US $42 million winding up petition at Hong Kong; Singapore progress in debt proceedings; efforts to raise liquidity.
Hearing for the winding up application from the financial institution will start on 3 January 2020 at the High Court of the Republic of Singapore, says notice.
Course includes topics on valid and binding transactions; quality or quantity disputes; shipping issues; contract termination; claims; insolvency and others. Registration closes 25 February 2021.
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
