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Thursday, 14 February 2019
BIMCO: Fourth IMO GHG study must be based on realistic economic growth
 
BIMCO suggested that the Fourth IMO Greenhouse Gas Study should not include unrealistically high gross domestic product growth projections to predict future transport demand and the emissions of the shipping industry. The proposal has been made to the workshop preparing for the study, which is meeting in London 12-14 March.
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Thursday, 14 February 2019
UK Club informs on General Licences concerning business with PdVSA
 
UK P&I Club issued a circular concerning the Venezuelan Sanctions the US imposed to PDVSA on January. The Club addressed that PDVSA has been made a target of the US. In the meantime, a number of General Licences have been issued with authorisations of varying duration to allow U.S. citizens to wind down existing business with PdVSA or its subsidiaries.
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Thursday, 14 February 2019
S. Korea comes second in global ship orders
 
South Korean shipbuilders ranked second globally in total new orders for January, surpassed by China. According to the Clarkson Research Institute, South Korean shipyards were awarded new orders with an overall worth of 580,000 compensated gross tons, in order to build 12 ships. Japan came third with 13.69 million CGTs.
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Thursday, 14 February 2019
FONAR systems in view of the 2020 sulphur regulations
 
The IMO are still in the process of developing a fuel oil non-availability report (FONAR) system in order to assist ships in their Regulation 18 declarations to state parties concerning the steps to be taken when a vessel is found not to be compliant. A final template for this is expected to be submitted to and approved by the IMO in May 2019.
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Thursday, 14 February 2019
IEA: Oil quality should be in focus in 2019
 
in 2018, around 450 kb/d was shipped to the US. The decrease in exports also shows the collapse of production over the same period from 3.4 mb/d to about 1.3 mb/d today. In quantity terms, in 2019 the US will rise its crude oil production by more than Venezuela’s current output. In quality terms, it is more complicated, IEA notes.
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Thursday, 14 February 2019
Scorpio Tankers to equip 62 vessels with scrubbers by the end of 2019
 
Scorpio Tankers announce that they will have retrofitted 62 of its vessels with scrubbers, by the end of 2019. The company has chosen this technology to comply with the 2020 sulphur cap and not use compliant or LNG fuels. Overall, Scorpio Tankers informed that it entered into agreements to retrofit 75 of its MRs, LR1s and LR2s with exhaust gas cleaning systems.
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Thursday, 14 February 2019
DSME CEO Jung Sung-leep "offers to resign"
 
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Thursday, 14 February 2019
Freezing order upheld as Russian owners fight over OSV charters
 
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Thursday, 14 February 2019
Mercuria Energy chief touts consolidation as traders struggle for capital
 
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Thursday, 14 February 2019
NYK merging three technical research companies
 
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