Oil Refiners Cannot Produce Enough Low Sulphur Fuel for Ships by 2020
GLOBAL oil refiners do not have the capability to produce enough low sulphur marine fuel, mainly marine diesel, to meet the needs of the shipping industry once the International Maritime Organization’s 0.5% sulphur cap kicks in from 2020, according to consulting firm Wood Mackenzie.
One Belt, One Road Project May Boost Marine Insurance Needs
CHINA’S One Belt, One Road initiative will greatly increase marine insurance requirement in both construction- and trade-related businesses, according to a senior industry official.
EU Gives 46 Million Euros to Italy to Help Protect Libya Borders
The European Union gave 46 million euros ($54 million) to Italy on Friday to help it protect Libya's northern and southern borders, part of the bloc's efforts to stem arrival of African migrants across the Mediterranean.