The news comes after critics of the IMO warned that if it did not accelerate its efforts, more individual countries would begin to adopt legislation setting their own standards.
The U.S. Department of the Treasury claims that a vessel
owned by Vishnu Inc. has been involved in "illicit shipments" to China, in support of Iran-backed Houthis.
All shipping companies are mandated to monitor, report, and verify their greenhouse gas (GHG) emissions annually in order to determine the EUA that they need.
Ships have been attacked at 600 miles or more from the Somali coast, and pirates are believed to be operating in a zone that spans more than 1,000 miles.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.