The International Chamber of Shipping (ICS) has published its latest Annual Review running to some 72 pages. It reflects on the key issues facing the world shipping sector and gives an insight into the complex legislative and economic landscape currently faced by ship operators.
Specifically, the ICS Annual Review explores the challenges presented by the need to reduce CO2 emissions in line with the ambition set by the Paris Agreement on climate change; the worldwide entry into force of the IMO Ballast Water Management Convention in September 2017; and the implementation in 2020 of the global 0.5% sulphur in fuel cap, each which will have profound implications for the economics of shipping.
The Review also covers developments with respect to the wide range of other issues in which ICS is involved on behalf of the global industry, ranging from legal Continue reading “International Chamber of Shipping publishes its 2017 Annual Review on shipping”