Pursuant to the adoption of the 2030 Agenda for Sustainability Development with 17 Sustainability Development Goals by the United Nations (“UN”) in 2015, the International Maritime Organisation (“IMO”), as part of the UN, has since established several important targets related to these SDGs.  These targets, amongst many others, include the 0.5% global sulphur cap coming into force from 1 January 2020 and the reduction of greenhouse gas (“GHG”) emissions by at least half before 2050 compared to 2008, reduction of average carbon emissions of 40% by 2030 and then 70% by 2050 from 2008. The IMO working group for GHG emissions agreed in a recent November meeting in London to opt for a mandatory goal-based approach to reduce shipping’s carbon emissions.  The IMO Action Plan includes further strengthening existing regulations and introducing new supporting measures to reduce plastic litter from ships.
 

Moore Maritime operating expenses tool launched

Moore has launched its Moore Maritime Index tool, enabling shipowners and advisers to analyse operating costs and revenues against a large global sample of vessels.