Due to the forthcoming ODME guidelines for biofuel barges, we hone in on the cost of noncompliance or direct tricking of ODME.

By Jan. 1st IMO guidelines states all biofuel carriers are required to have an ODME class approval for 5 different blends. Non-compliance means grounding.

The situation may become dire if the already strained dry bulk market must absorb the effect of an industry abandoning slow steaming.

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A ship was recently detained in EU port due to non-compliance with the sulfur regulation, 0,1%, in ECA despite running on MGO.

Severe and intentional negligence of bilge water discharge and monitoring costs company $1.8 million in fine.

The new Emissions Control Areas (ECA) regulation that was entered into force on 1st January 2015, 0,1% sulfur emissions, has taken up a lot of media space and concern for ship owners and operators alike operating in ECA zones. Now it is time to make a short status of the compliance strategies that has been taken up.

Due to the global oversupply of crude oil some oil traders are now beginning to charter large crude carriers to establish floating storages as a way to support oil prices in the short term, says analysts at JBC Energy in Vienna.

IMO (The International Maritime Organization) has adopted the Polar Code (The international code for ships operating in Polar waters) and amendments related to SOLAS (Safety of life at Sea).
It is expected that the amendment will enter into force from January 1st 2017.