January, 2020
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BNP Paribas is the largest lender to the global shipping industry.
BNP Paribas, Credit Suisse Join Shipping Lending Agreement the Poseidon Principles
Only 10 cases of non-availability of compliant fuels have been reported to the IMO so far.
Kitack Lim Hails 'Relatively Smooth' IMO 2020 Transition
Some 87% of the cost will be taken up by investments on land.
IMO 2050 Decarbonisation to Cost $1.1 Trillion
Credit issues related to IMO 2020 are set to be the biggest challenge this year.
FEATURE: Roaring 2020s Seem Uncertain Prospect for Bunker Industry After Turbulent 2019
The legislative body also welcomed shipping's inclusion in the EU's emissions trading scheme.
European Parliament Calls for "Urgent Investment" into Shipping Decarbonisation
The oil trader supports slow steaming regulations and carbon pricing for shipping to reduce emissions.
Trafigura Calls for Slow Steaming Regulations to Cut Shipping's GHG Emissions
The IMO's initial strategy on greenhouse gas emissions reduction is set to be revised by 2023.
Port of Rotterdam Calls for Shipping's Inclusion in EU ETS if IMO Plans Lack Ambition
Millar sees IMO 2020 driving some companies out of business, while mergers and acqusitions may hit others.
Bomin's Paul Millar Sees Potential 20% Drop in Bunker Traders Operating by End-2020
The IMO's initial strategy on GHG emissions reduction envisages a cut of at least 40% to carbon emissions per transport work by 2030.
Bimco Suggests IMO 2030 Carbon Reduction Target Should be Toughened
The shipping firm's CEO highlighted environmental challenges in a New Year message to employees.
Japan's "K" Line Says LNG Not Enough to Meet IMO 2030 Carbon Target