by Canadian Sailings | May 16, 2018 | Environment, Ocean, Ocean Carriers
By Mike WackettWith just over 18 months until the IMO’s 0.5 per cent sulphur cap regulations come into force, major container lines are undecided on their future fuel strategy. Come 1 January 2020, ships not powered by LNG must either use more-expensive low-sulphur...
by Canadian Sailings | May 16, 2018 | Environment, Ocean Carriers
By Mike WackettWithin two years it will be illegal to power a ship with fuel having more than 0.5 per cent sulphur content, unless the vessel is fitted with an exhaust clean gas system, known as a scrubber. Low-sulphur fuel oil (LSFO) – currently about $580 per tonne,...
by Canadian Sailings | May 16, 2018 | Environment, Government and Regulation, Ocean, Ocean Carriers
By Alexander WhitemanMEPs (Members of the European Parliament) have told the International Maritime Organization there can be no exceptions or exemptions in the fight against climate change and are demanding immediate action to cut shipping emissions. In an open...
by Canadian Sailings | May 16, 2018 | Business and Economy
By Alexander WhitemanCross-border operations continued to gain ground during UPS’s first quarter as revenue and operating profits grew. However, a 10 per cent upturn in overall revenue – more than $17 billion for the three-month period – failed to prevent a 6 per cent...
by Canadian Sailings | May 16, 2018 | Business and Economy, Other, Supply Chain and Logistics
By Alexander WhitemanUPS has denied claims it has been forced to increase fuel surcharges to offset costs associated with wet leases as it struggles for capacity amid surging e-commerce volumes. The U.S. integrator was accused of not properly informing customers it...
