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Sulfur Rules to Cost Shipping Firms Millions

Maersk Line says Europe’s new low-sulfur fuel rules will cost it an extra $200 million a year, Reuters reports. Similarly, P&O Ferries’ tells the news agency its fuel bill will increase about 30 million pounds ($50 million) a year, which it will pass onto customers. Under the European Union rules, … Read more »

Policy & Enforcement Briefing: Shipping Emissions, Drought Relief, Wind Credit Extension

Policy & Enforcement Briefing: Shipping Emissions, Drought Relief, Wind Credit Extension

Environmental regulation requiring ships to use cleaner, low-sulfur fuel while operating near the North American coast took effect Aug. 1. The North American Emissions Control Area (see map) brings the US in line with other regions such as the EU in imposing sulfur limits on marine fuel. The shipping industry … Read more »