Maritime Safety News Archives - Page 48 of 260 - SHIP IP LTD

During the 127th session of the IMO Council (C 127) held virtually from 11 to 15 July 2022, the Council endorsed the establishment of a standing Joint International Labour Organization (ILO)/IMO Tripartite Working Group (JTWG) to identify and address seafarers’ issues and the human element. The Group’s terms of reference were also endorsed.

The Council further endorsed the Maritime Safety Committee’s (MSC 106) instruction to the JTWG to “consider bullying and harassment in the maritime sector,…

https://www.marineinsight.com/shipping-news/imo-council-endorses-new-joint-imo-ilo-working-group-on-seafarer-issues-including-bullying-harassment-including-sexual-harrasment-and-sexual-assault/


KUALA LUMPUR: Former Malaysian Maritime Enforcement Agency (MMEA) director-general Admiral Maritime (Rtd) Datuk Seri Ahmad Puzi Ab Kahar(pix) contributed immensely to strengthening countermeasures against piracy and armed robbery in the Straits of Malacca, a route which is essential for Japanese maritime shipping.

As a result, the number of maritime crimes decreased from 45 cases in 2005 to only four cases in 2017 when he retired, Japanese Ambassador to Malaysia, Takahashi Katsuhiko said.

He said this in his congratulatory speech during a ceremony on the conferment of the Order of the Rising Sun, Gold and Silver Star by His Majesty the Emperor of Japan on Ahmad Puzi for his work on maritime safety and security.

In representing the Emperor of Japan in conferring the award here yesterday, Katsuhiko said the former DG worked hard to get two patrol vessels from Japan for MMEA, set up a maritime academy for regional training for Asia and enhanced coast guard cooperation between Malaysia and Japan.

His sense of duty for Malaysia led MMEA to conduct joint exercises with the Japan Coast Guard (JCG) as well as consolidate the agency’s relationship with relevant bodies in other countries to tackle piracy and armed robbery.

Elaborating on the Malaysian’s achievements, the Japanese envoy said in a statement today that the admiral also proactively engaged in the provision of two patrol vessels “Arau” and “Pekan” from Japan to Malaysia.

In March 2016, more than 100 Chinese ships and boats were found to have trespassed into Malaysian waters and in response, the former Malaysian maritime head promptly requested Japan to provide ships and personnel capacity building assistance.

“Thanks to his energetic appeals to realise this assistance, it was decided that Japan would transfer two decommissioned patrol vessels to Malaysia,“ he said.

The agreement for the grant aid assistance was signed at the Japan-Malaysia leaders’ meeting in November 2016 and the two patrol vessels arrived in Malaysia the following year after they were refurbished.

The Japanese envoy said that since then, the patrol vessels “Arau” and “Pekan” have been playing a vital role in MMEA activities and they were symbols of the strong bilateral cooperation between Japan and Malaysia as well as Japan’s will to help Malaysia in ensuring the safety of its waters.

Ahmad Puzi also played a key role in enhancing and diversifying the Japan International Cooperation Agency (JICA) Technical Cooperation Programme for MMEA.

He contributed to the establishment of the Maritime Academy Sultan Ahmad Shah, or AMSAS, with the aim to make it a coast guard regional training centre in Asia and invited other Asian countries to join in training programmes there.

He also encouraged other countries to participate in the JICA Technical Cooperation Programme at AMSAS and his initiative has successfully led to the commencement of the JICA Third Country Training Programme on capacity enhancement for coast guard officers from this year.

“By enhancing Training for Third Countries in Malaysia, various techniques and experiences have been transferred to other countries and I’m convinced that this cooperation contributes to realising peace and prosperity in the Indo-Pacific region,“ said Katsuhiko.

Japan has dispatched experts to MMEA through the JICA to ensure maritime security and safety in this region since the agency was established in 2005.

He paid tribute to Ahmad Puzi for his invaluable contribution to deepen the coast guard cooperation between Japan and Malaysia.

Katsuhiko said Japan and Malaysia should continue to work closely together in maritime safety and security more so since both countries were this year celebrating the 40th anniversary of the Look East Policy.

“Ahmad Puzi’s contribution could be counted as an important element of bilateral relations enhanced by the policy,“ he said.-Bernama


The Government of Nigeria and a coalition of global shipping stakeholders have launched a new strategy to end piracy, armed robbery, and kidnapping in the Gulf of Guinea (GoG).

Pirates Kidnap Four Boxship Crewmembers in Gulf of Guinea

The strategy establishes a mechanism to periodically assess the effectiveness of country-piracy initiatives and commitments in the GoG. Targeted at all stakeholders operating in the region, it will identify areas of improvement and reinforcement in order to eliminate piracy.
The plan is split into two mutually supportive sections, (1) actions which can be overseen by the Nigerian Industry Working Group (NIWG), and (2) actions which require engagement with other regional and international partners. The strategic ambition of the coalition is to eliminate piracy in the GoG, to secure trade routes, reassure traversing crews, and support local communities.

In May, the UN Security Council condemned the GoG as the world’s piracy hotspot. Despite the International Maritime Bureau’s Piracy Reporting Center tracking an overall drop in global piracy during 2021, threat levels in the region remain high.

Maritime security in Nigeria: what you need to know
Piracy activity in the GoG has posed a severe threat to seafarers and local communities for over a decade. In 2020, 40 percent of piracy attacks, and 95 percent of crew kidnappings occurred in the region. However, attacks decreased by nearly 60 percent in 2021, following the establishment of Deep Blue, the Nigerian Navy and Nigerian Maritime Safety Agency (NIMASA) anti-piracy project, and increased international counter-piracy operations in the GoG.

The newly launched strategy was developed by the International Chamber of Shipping (ICS), BIMCO, Intertanko, Intercargo, Oil Companies International Marine Forum (OCIMF), and representatives of the Nigerian Navy and NIMASA, together making up the NIWG.

Bashir Jamoh (pictured, standing), Director General of NIMASA, said: “Working collaboratively with state and non-state actors, the maritime industry’s various critical players and stakeholders have highlighted key areas where they can make collective improvements. This strategy is an important step in codifying joint efforts to sustain maritime security in the Gulf of Guinea. It will be an important tool to monitor our progress.”

Guy Platten, Secretary General of ICS, commented: “The agreement of this strategy demonstrates the strong relationship between the shipping industry and Nigeria, and their shared commitment to eradicating piracy in the Gulf oGuinea. The strategy is already identifying successes and areas in which further improvement will continue to reduce the capability of pirates to attack innocent seafarers in the region.”

David Loosley, Secretary General and CEO of BIMCO, said: “The joint counter-piracy strategy is a welcome result of productive dialogue between Nigerian authorities and industry partners. The long-term success of the joint strategy relies on establishment of structures and incentives which will stimulate a sustainable change in the Niger Delta pirates’ behaviour.”

Katharina Stanzel, Managing Director Intertanko, said: “The agreement on the Gulf of Guinea Strategy marks a significant point in the fight against piracy and insecurity in this region. Seafarers have borne this burden for too long and this agreed strategy, with its associated KPIs will assist in making their time on ships in the area safer and more secure.”

Kostas Gkonis, Secretary General Intercargo, elaborated: “With this new strategy the shipping industry is beginning a new journey alongside Nigeria, an organised approach to tackle security in the waters in the Gulf of Guinea. It is only the first step, and the partners must continue to work together to ensure continuous improvement and ensure that the shipping community and the local economy see real change as a result of the strategy”.

Karen Davis, OCIMF Managing Director, said: “The need to identify and prioritise those issues which can help prevent harm to our seafarers is of paramount importance. This joint strategy provides clarity to the activities that, when tackled collaboratively, will make a difference. A positive effect has already been demonstrated.”

A spokesperson of the Nigerian Navy concluded: “The Nigerian Navy plays a vital role in ensuring maritime security. Collaborating with national as well as international stakeholders is most important, and this joint strategy demonstrates the good that can be achieved by working together.”

Source: Hellenic Shipping News


CDC highlights that it has worked closely with the cruise industry, state, territorial, and local health authorities, and federal and seaport partners to provide a safer and healthier environment for cruise passengers and crew.

Going forward, the CDC said that cruise ships have access to guidance and tools to manage their own COVID-19 mitigation programs.

CDC had imposed strict testing and masking restrictions, along with elaborate protocols, before permitting cruise ships to resume sailing from U.S. ports in the summer of 2021.

A year later, it moved to a voluntary program in 2022 in which all of the major cruise ships sailing from the U.S. chose to participate in and continued to report outbreaks of the virus.

However, with the spread of the variants of the virus, the CDC continues to advise passengers that they should not travel if they recently experienced COVID-19 symptoms and should test no more than three days before their cruise and between three and five days after their cruise.

These also continue to advise on frequent handwashing and the use of masks in crowded locations.

Source: https://safety4sea.com/cdc-announces-end-of-covid-19-program-for-cruises/


The IMO’s 2021 cyber risk management code (IMO 2021) sets a framework and baseline for cyber security resilience, but Inmarsat advocates for going beyond simple regulatory compliance.

“The IMO guidelines on maritime cyber risk management have helped stakeholders to address cyber threats, but the nature of digital attacks continues to evolve due to advances in computing technology and developing geopolitical conflicts,” said Ben Palmer, President, Inmarsat Maritime.

With cyberattacks against the maritime sector on the rise, the Inmarsat report promotes Unified Threat Management (UTM) as a foundation for managing cyber risks. UTM combines a range of defences like antivirus programmes, firewalls, intrusion and detection systems and content filters in one software and hardware package. Inmarsat offers its own Fleet Secure UTM which it says streamlines the installation and operation of security infrastructure.

By making security easier to configure and maintain, UTM also makes proactive cyber security more accessible to maritime companies, said Inmarsat.

The report notes a 2021 penetration test across 100 vessels in a particular fleet. Of 292 emails sent to fleet nodes, 92% were opened, a link inside was clicked by 90 seafaring officers and 44 of those went on to enter sensitive information on a website.

Should bad actors succeed in accessing systems, vulnerabilities within our industry include: Bridge systems, Cargo handling and management systems, Propulsion and machinery management and power control systems, Access control systems, Passenger servicing and management systems, Passenger facing public networks, Administrative and crew welfare systems, and Communication systems.

Inmarsat uses Danish tanker company Evergas as an example of a shipping company facing its cyber security responsibilities.

Evergas IT Manager, Poul Rævdal, said: “Regulations provide a good starting point, but it is important from our perspective to go above and beyond the guidelines… Being able to unify the separate parts of our network security into a single solution and deal primarily with one supplier allows our IT team to focus on optimising the day-to-day support given to our ships and systems.”

The report goes into further detail on seafarer training and awareness, the vectors of attack used against the maritime industry, creating a cyber security aware culture, pathways to regulatory compliance and moving beyond compliance.

Source: https://www.seatrade-maritime.com/technology/inmarsat-issues-guidance-fortifying-cyber-security


The Mayflower Autonomous Ship lastly arrived on the coast of Nova Scotia final month, marking the tip of its lengthy trek throughout the Atlantic. Whereas the trendy Mayflower is way from the primary vessel to make that voyage, this small robotic boat is the biggest to ever accomplish that navigated by synthetic intelligence with no people aboard. A number of technical hiccups however, its journey is the most recent proof that the way forward for the excessive seas could possibly be autonomous.

Slowly, self-steering ships have gotten a actuality. In Norway, an autonomous battery-powered container vessel is shuttling fertilizer between a manufacturing unit and a neighborhood port, and pending a profitable trial, it could possibly be totally licensed inside the subsequent two years. A business tanker known as the Prism Braveness lately traveled from Texas, by means of the Panama Canal, to South Korea, guided by software program from Avikus, a subsidiary of HD Hyundai, a shipbuilding operation that was spun off of the automobile group. There are even some boats meant to move people that may now function on their very own: A self-driving water taxi created by the substitute intelligence startup Buffalo Automation was able to ferry individuals throughout the Tennessee River in downtown Knoxville, at the least as of April.

Not all robo-boats are created equal. Some present AI crusing software program is assistive, and requires at the least some type of monitoring from an individual onboard, whereas extra superior expertise can function a ship solely independently, with none want for people. Regardless, this new technology of autonomous vessels stands to make individuals a extra marginal a part of life at sea. As a result of many self-steering boats are nonetheless comparatively new, there’s not but sufficient proof to show that the expertise that powers these ships is as succesful as human navigators. Nonetheless, these autos couldn’t solely make it simpler to traverse the world’s waterways, but additionally accomplish that with a smaller carbon footprint than crewed boats.

“A pc may be optimizing for gas financial savings and integrating quite a lot of completely different inputs round how briskly they should be shifting by means of the water to succeed in their vacation spot on time, what the climate situations are like, how the vessel is working, [and] how the engines are working,” Trevor Vieweg, the chief expertise officer at Sea Machines Robotics, a startup that designs self-driving boats, informed Recode. “By utilizing those self same applied sciences, we will cut back carbon emissions — and gas burn general.”

To navigate independently, an autonomous boat sometimes wants all kinds of sensors, together with cameras and radar, in addition to information from different sources, like GPS. These sensors are positioned across the vessel, and assist a ship plan its route and sense close by obstacles, like, for instance, a floating log or a bit of an iceberg. As with self-driving vehicles, autonomous ships may be categorized into a number of ranges primarily based on how properly their tech can carry out with out human assist. The Worldwide Maritime Group, the United Nations company that regulates transport, has proposed a spectrum of autonomy beginning with Stage 1 ships, which might be operated by people however would possibly permit AI to make some unsupervised selections, and ramping up in sophistication to Stage 4 ships that would sail fully independently, with no human involvement or decision-making required.

Advocates say these ships are much less inclined to human error — ship and boat accidents are considerably widespread — and will permit boat operators to assign staff to different duties the place they are often extra productive. Synthetic intelligence might additionally navigate ships extra effectively, and make higher calculations about routes and speeds. The hope is that by saving time and, maybe most significantly, gas, ocean vessels can minimize down on their power consumption, which stays a major contributor to local weather change. Within the absence of full autonomy, some consultants have even advised that software program might allow people to steer boats remotely, which might include a number of advantages. As an example, remotely piloted ships would cut back the chance of spreading sickness by means of worldwide cargo transport, which has been a concern all through the Covid-19 pandemic.

Proper now, ships with autonomous capabilities symbolize a tiny fraction of the various vessels in operation right this moment. However sooner or later, self-steering ships might make all kinds of water-based actions extra handy. For instance, the Mayflower Autonomous Ship, which was supported partially by IBM, was designed to review the ocean’s well being, report audio of marine life, and take samples of microplastic. The boat doesn’t embrace a deck, loos, or bunks, and far of the house inside is occupied by its expertise, like its onboard computer systems, batteries, and motors.

“Not having people on board frees up/eliminates the house occupied by them and provides essential to maintain human presence, in addition to the facility that the ship requires to hold the burden entailed,” mentioned Ayse Atauz Phaneuf, the president of ProMare, the marine analysis group that labored on the mission. “Unmanned autos such because the Mayflower Autonomous Undertaking will have the ability to spend significantly longer time at sea, accessing important but distant components of the ocean.”

Phaneuf informed Recode that the car, and others prefer it, might ultimately make ocean analysis expeditions a lot cheaper to launch. Along with making it simpler to review the ocean, autonomous ships might additionally make it extra handy to move freight. In Japan, a partnership between a non-profit and freight transportation corporations efficiently confirmed earlier this yr that autonomous container ships might journey between ports all through the nation. The demonstration was meant to show that these autos might ultimately assist minimize down on the transport trade’s want for staff, particularly as Japan confronts an getting older inhabitants. There are additionally organizations like One Sea, which has introduced collectively transport and AI corporations to advertise autonomous ocean transportation, and to advance the expertise concerned.

There are these environmental advantages, too. HD Hyundai’s navigation tech works through the use of synthetic intelligence to find out a ship’s routes and speeds, and the software program additionally elements within the peak of close by waves and the conduct of neighboring vessels. The corporate says through the use of this AI, the Prism Braveness — the business tanker that traveled by means of the Panama Canal — boosted its gas effectivity by about 7 %, and minimize down on its greenhouse gasoline emissions by 5 %. Whereas that may not sound like rather a lot, these financial savings might add up rapidly.

Autonomous ships do face headwinds. One trade professional we spoke to mentioned that smaller boats, like survey vessels and ferries, usually tend to incorporate autonomous expertise than the big, container ships that make up the majority of the world’s freight transportation. Some critics, together with Maersk’s CEO, have argued that the financial savings that may come from autonomous software program is probably not sufficient to incentivize giant transport corporations to spend money on the tech, particularly since many ocean carriers don’t use notably giant crews within the first place (a typical cargo ship would possibly have simply 20 staff aboard). One other concern is that autonomous software program might make these ships extra susceptible to cyberattacks, although non-autonomous transport operations have already been hacked.

And eventually, there’s additionally the extraordinarily sophisticated matter of worldwide maritime legislation, which is probably not ready for the arrival of synthetic intelligence.

“How ought to we take care of the legal responsibility challenge the place an autonomous system, though correctly designed and maintained, acts unpredictably?” Melis Ozdel, the director of the College Faculty London Centre for Business Regulation, informed Recode. After all, there are lots of methods autonomous vessels might upend life at sea, whether or not it’s the opportunity of a robo-boat crashing right into a cruise stuffed with vacationers, or the unsure destiny of pirates who would possibly seize a ship, solely to find that it’s truly remote-controlled.

AI ships have already proven they will work, at the least typically, although the expertise that powers these vessels remains to be being developed and will require years to totally take off. Nonetheless, all indicators point out that these next-generation boats do have benefits. Finally, crusing would possibly look rather less like weeks out at sea and a bit of extra like monitoring a ship from the consolation of an workplace, conveniently situated on land.


Strategic Marine (S) Pte Ltd (“SMS”) has successfully delivered a 42m Fast Crew Boat (FCB) to repeat client Centus Marine Sdn Bhd. The FCB is a bespoke design and is the fourth vessel delivered to the offshore marine service provider in the last two years.

The 42m FCB has been designed to meet the specific requirements of oil majors, its station-keeping and maneuvering capability have been enhanced with a tunnel thruster installed at the bow.

Powered by three Cummins KTA50 engines, the FCB completed its sea trials last month achieving impressive results, cruising at 30 knots and reaching top speeds of more than 31 knots. The FCB has also been designed with rigorous weight control measures to boost performance and incorporates robust hull engineering for the tough commercial environments and demanding offshore conditions where it will be operational.

Crew comfort is a priority, and this is reflected in the interior arrangement of the vessel. It can carry up to 100 personnel in spacious business class recliner seats with dedicated luggage racks and an accommodation area that offers 12 berths in seven cabins.  The new vessel also offers bow boarding, an enlarged wheelhouse and incorporated a large deck storage area with wide walkways to ensure safe and efficient crew transfer in challenging offshore conditions.

Centus Marine said: “This new vessel boosts our fleet, significantly enhancing our capacity and capabilities. As before, working with Strategic Marine we have been able to incorporate our latest refined design and ensure that this vessel is as tailored to our specific operating conditions as possible.”

Strategic Marine’s General Manager Commercial, Mr Wayne Poh said: “This is the latest vessel successfully delivered on schedule to Centus Marine. We pride ourselves on close communication between both parties at all stages of the build and our commitment to continuous improvement means that we are always ready to respond to customer feedback. Centus Marine is a highly valued customer and we appreciate their confidence in our high quality vessels, and look forward to working with them in the future.”

Strategic Marine Group has now built and delivered more than 600 vessels made of both aluminium and steel for a variety of clients in the maritime, offshore and naval defence sectors. The company’s solid reputation continues to grow, based on its high-performance vessels built on time and to budget.

Source: https://www.seanews.co.uk/maritime-events/the-42-meter-fast-crew-boat-is-delivered-to-centus-marine-by-strategic-marine/


Hong Kong plans to amend eight regulations under the Merchant Shipping (Safety) Ordinance, the Merchant Shipping (Prevention and Control of Pollution) Ordinance, and the Merchant Shipping (Local Vessels) Ordinance.

It intends to incorporate the latest requirements under three conventions of the United Nations’ IMO:
– the International Maritime Dangerous Goods Code (IMDG Code);
– the International Convention for the Prevention of Pollution from Ships;
– the International Convention on the Control of Harmful Anti- Fouling Systems on Ships.

The proposed amendments to the regulations include the prohibition on the use and carriage for use as fuel of heavy fuel oil by ships in Arctic waters, the exemptions of unmanned non-self-propelled barges from survey and certification requirements, the controls on cybutryne for use as a biocide in the anti-fouling systems of ships, the new requirements of certain greenhouse gas emission reduction measures and regular revision of the IMDG Code.

The eight regulations up for amendment are:
– the Merchant Shipping (Safety) (Fire Protection) (Ships Built Before 25 May 1980) Regulations;
– the Merchant Shipping (Safety) (Fire Appliances) (Ships Built On or After 25 May 1980 but Before 1 September 1984) Regulations;
– the Merchant Shipping (Safety) (Fire Protection) (Ships Built On or After 1 September 1984) Regulations;
– the Merchant Shipping (Prevention of Oil Pollution) Regulations;
– the Merchant Shipping (Prevention of Pollution by Sewage) Regulation;
– the Merchant Shipping (Control of Harmful Anti-Fouling Systems on Ships) Regulation;
– the Merchant Shipping (Prevention of Air Pollution) Regulation;
– the Merchant Shipping (Local Vessels) (General) Regulation.

The Transport and Housing Bureau said that the Government of Hong Kong has been sparing no effort in implementing the latest requirements from the International Maritime Organisation through local legislation. The proposed amendments will contribute to environmental protection and the sustainable development of the maritime industry.

Source: https://www.iims.org.uk/new-rules-on-ship-safety-and-pollution-proposed-by-hong-kong/#more-39792

Major salvage cases continue to make the headlines lately and, according to many insurance sources the costs of these cases are rising. Indeed, according to Allianz Global Corporate & Specialty, the near two-year salvage operation for the car carrier Golden Ray “cost in excess of $800 million.

Given the sorts of numbers that start flying around whenever there’s a major casualty, it may come as a surprise that the International Salvage Union’s just-released statistics for 2021 show only a modest recovery in ISU member gross revenues. They reached $391 million, compared with $301 million in 2020.

ISU members provided 189 services in 2021, compared with 182 in the previous year.

Lloyd’s Open Form (LOF) cases continued to decline, down to just 29 cases compared to 40 in 2020. However LOF revenue was up, at $122 million, more than double the $60 million reported for 2020.

Wreck removal income reached $108 million from 56 services, compared with $98 million from 101 services in 2021.

CHALLENGING ECONOMIC CONDITIONS

ISU President Captain Nicholas Sloane

“Economic conditions are challenging and activity and income for our industry is volatile year-on-year. The general trend towards a smaller number of larger and more complex cases enhances that annual variability,” said ISU President, Resolve Marine Group’s Captain Nicholas Sloane. “The numbers in this survey reflect the period when the world was still fully contending with the COVID pandemic which made operations and logistics more challenging. Throughout those difficult times ISU members showed time and again their problem solving and willingness to overcome obstacles to provide services to their clients, the shipowners, and their insurers. And, taken alongside the ISU’s pollution prevention statistics, these numbers demonstrate a dynamic industry which most years performs some 200 salvage services.”

“Professional salvors protect the environment, reduce risk and mitigate loss. They also keep trade moving – which is demonstrated so clearly when there are large containership cases. We continue to work closely with key stakeholders to ensure that there is continued global provision of professional salvage services.”

The 2021 ISU statistics show a historic low level of LOF cases – 29 for ISU members – generating income of $ 122 million. It compares with 40 cases worth $ 60 million in 2019. Revenue from LOF cases amounted to 50 per cent of all emergency response revenue and LOF cases accounted for 15 per cent of emergency response cases in 2021. SCOPIC revenue at $41 million in 2021 was up from $24 million previously.

Revenue in 2021 from operations conducted under contracts other than LOF was $120 million, effectively the same as in 2020 ($119 million). The average revenue from each non-LOF contract was therefore $750,000.

Wreck removal is an important source of income for members of the ISU but 2021, with $ 108 million from 56 operations (28% of the total income), showed the same trend as 2020 ($98 million received from 52 services – 33 per cent of the total).

The ISU statistics are collected from all ISU members by a professional third party, which aggregates and analyzes them. The statistics do not include the revenues of non-ISU members but are the only formal measure of the state of the marine salvage industry. The statistics are for income received in the relevant year but that can include revenue relating to services provided in previous years and there can be an element of “time lag”. The statistics are for gross revenues from which all of the salvors’ costs must be met.

Source: https://www.marinelog.com/legal-safety/environment/salvage/salvage-industry-sees-only-modest-recovery-in-gross-revenues/


Observers of the US Supreme Court say new rules could be promulgated by the Securities and Exchange Commission (SEC) earlier this year, mandating environmental disclosures.

If the proposed rules move into law, shipping companies with shares transacted on US exchanges, along with all other listed companies, would need to provide extensive information on their emissions.

More broadly, the myriad of listed companies moving cargo would need to put numbers on emissions tied to production and transporting materials used in their processes; shipping companies would therefore need to be providing more information to their charterers.

Legal analysts and legislators are divided on whether environmental disclosures are within the SEC’s authority- regulating financial matters. One Republican Senator, Pat Toomey (Republican-Pennsylvania) was quoted as saying that the agency “is attempting to impose this whole climate change disclosure regime … with no authority from Congress to do that.”

Source: https://www.seatrade-maritime.com/finance-insurance/us-listed-shipping-firms-could-be-required-disclose-emissions


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