The History of Shipping

The Regulations for 2020 – The next decade of Shipping Regulations

As we quickly approach the turning point of a new decade, there is much speculation on what would be decided in terms of regulations imposed on the shipping activity.

IMO’s working group has been analysing some future strategic possibilities to be introduced in order to combat the shipping industry estimated 2.5% share of global CO2 greenhouse gas emissions (GHG). This is a prioritised area since without any decisive measure an alarming increase in the sector share of emissions by 50-250% might be achieved within 2050. Although CO2 is a huge concern, the emission of other pollutants such as nitrogen and sulphur oxides as well as particle matter has been kept under a closer look.

Recent situation

The year 2018 has been a significant year for environmental regulations. Important decisions have been made, regulations finalized, and we have now a clearer picture of the regulatory landscape than a year ago. In the last two years, shipowners have been facing EU MRV regulations which focused on CO2 emissions by vessels with 5,000 GT and above, and that cross EU ports of call.

At the beginning of 2019, the IMO-DCS (Data Collection System) will enter into force. It comprises a three-step approach: in the first stage, there will be a collection and reporting of fuel consumption data for each type of fuel used on board. Other data related to hours underway and distance travelled will also be monitored. This collected data will be further analysed and a decision shall be taken regarding measures to apply.

This regulation will have a significant impact due to the fact that it has a worldwide range, engaging all international voyages made by large pollutant vessels. Companies will also have to develop and validate a SEEMP (Ship Energy Efficiency Management Plan) for each vessel, collect the mentioned data and perform annual reports to be submitted to the Administration or any organization duly authorized by it. A result of conformity is emitted by the issuance of a Statement of Compliance that the company should kept aboard the ship and it shall be valid for the calendar year in which it is issued and for the first 5 months of the following calendar year.

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