Shipping industry sails into unknown with new pollution rules

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Faced with imminent new global marine pollution rules, shipping companies and in...

LONDON - Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks.

Interviews with key players in the industry show varying levels of alarm at potential risks, which they say range from unexpected fires or collisions due to engine failure to liability for inadvertently flouting the rules. “The big guys are going to be serviced by the right people … there is bigger risk for the smaller ships,” Hugo De Stoop, chief executive of leading Belgian tanker operator Euronav , told Reuters.

“That way we would have future-proofed our ships for the IMO 2020 regime,” Hashim said, referring the U.N. International Maritime Organization’s rules, agreed by more than 90 countries in hopes of saving more than half a million lives by 2025 alone. Some ports have banned one type of scrubber, the open-loop version which empties washwater residues into the sea, and insurers have reported cases of fires or corrosion with the devices.

Roger Strevens, VP of global sustainability with Norwegian shipping company Wallenius Wilhelmsen , said its experience with scrubbers had shown risks could be minimized if done properly. “If you buy cheap, you’ll pay twice,” he said.Nautilus International, a union which represents over 20,000 workers in shipping, said the use of new fuel types would place extra strain on crews, who have reported incidents including power loss when changing fuels, filter problems and leaks.

 

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They will get their money, but at least it might be more fairly harvested like this.

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