Green Shipping: Toward a Clean Future
The International Maritime Organization (IMO) has announced its targets of cutting greenhouse gas emissions from global shipping in half by the year 2050, and to make ships entirely CO2-neutral before 2100. But long before that, the so-called sulphur cap will take effect: From 2020 all oceangoing ships must run on fuel that contains no more than 0.5 per cent of sulphur. According to estimates by classification society DNV GL, up to 70,000 ships will be subject to this requirement.
Drydocks World Holds Workshops For Key Executives
Dubai, UAE, January 25, 2011: Drydocks World outlined and discussed the strategic vision, short and long term commercial and operational strategy to adapt to market conditions, at workshops for senior officials and key executives of its subsidiary companies recently. These were organized in Dubai, Singapore and Indonesia. The move to build new business strategies was arrived at after an extensive review of the company’s resources including human capital and consolidated finances and commitments.
Moore Stephens Survey Reveals Inconsistencies in Risk Management Application
95% of insurers who responded to a recent risk management survey conducted by leading insurance accountant and consultant Moore Stephens said they identified regulatory risk as the single biggest challenge facing them over the next two years - ahead of operational and financial risk. And 93% of responses from brokers placed regulatory risk at the top of the two-year agenda, ahead of strategic and financial risk. The Moore Stephens risk management survey showed that most firms were aware of the risk management requirements demanded by the regulators relative to their own businesses. Only 6% of respondents considered that they were not as informed as they should be about the requirements.
