International Maritime Organization

The price of ship fuel is expected to rise by 20 to 25 percent from January 1, 2020, as a result of a new regulation by the International Maritime Organization (IMO) mandating the use of fuel with less sulfur content - 0.5 percent from the current 3.5 percent.

Greece's coastal shipping fleet is old and environmentally unsound, and needs to be replaced with the assistance of local and European Union authorities, XRTC Business Consultants says in its latest report on the sector.

The shortsea shipping industry is being left behind in the effort to adjust to new global environmental regulations despite it being the maritime domain that needs clean fuel the most. Still, the positive impact of these regulations is the subject of some dispute.

The state of infrastructure at Greek ports is a major concern for cruise companies, it emerged from the 5th Posidonia Sea Tourism Forum that concluded on Wednesday in Athens.

The number of new liquefied natural gas-powered vessels will almost double around the globe this year, as the deadline for slashing the sulfur content of bunker fuel is fast approaching, but their further increase to significant figures greatly depends on the improvement of infrastructure, a senior market monitoring official tells Kathimerini English Edition.

Maritime energy has taken center stage at this year's Posidonia shipping exhibition, as the deadline for all companies to conform to the International Maritime Organization (IMO) requirements for cleaner fuel is leading to significant changes in the industry as well as new business opportunities.

The 2018 Posidonia maritime exhibition is to open on Monday evening, breaking new records with 1,920 exhibitors from 82 countries and with a strong Chinese presence. 

Featuring a record 1,920 exhibitors from 92 countries and covering 16 percent more space than its last edition two years ago, Posidonia 2018 opens at Athens Metropolitan Expo on Monday. The landmark event of global shipping will this year be covering an ever greater spectrum of related products, services and activities.

The 6th Analyst & Investor Capital Link Shipping Forum will take place at the Divani Caravel Hotel on June 4, in the framework of the Conference Program of the Posidonia 2018 shipping exhibition in Athens, and will feature industry leaders exchanging views on the future of shipping.

Turkey was re-elected on Dec. 1 to the International Maritime Organization (IMO), Turkish Foreign Ministry said in a statement.