In May 2017, under the umbrella of the Oceans Protect Plan, the federal government introduced Bill C-48, the Oil Spill Moratorium Act, thereby delivering on the Prime Minister’s campaign promise to introduce a crude oil tanker moratorium on British Columbia’s north coast.
For the past ten years or so, there has been global acceptance within the marine industry that a paradigm shift in the use of bunker fuels would be an inevitable consequence of the establishment of Emissions Control Areas
The Baltic Dry Index can best be described as a weighted average of daily shipping rates for the different classes of dry bulk vessels, namely Capesize, Panamax, Supramax, and Handysize based on a daily survey of agents across the globe.
Picture: The ULCV CSCL Jupiter aground in the River Scheldt in August 2017
The recent ordering of a batch of 22,000 TEU capacity Ultra Large Container Vessels (ULCV) has re-ignited the debate surrounding just how big container vessels can become.
The November 13-14, 2017 UNFCCC COP23 meeting in Bonn was the stage for the world’s 3rd largest container carrier, the Marseille based CMA CGM Group, to announce its decision to fit its 9 x 22,000 TEU newbuilds scheduled for delivery in 2020, with LNG propulsion.