Displaying items by tag: BALTIC SEA

Soon it will be carried out an implementation of the new Europe guidelines about the “ Sulphur Emission Control Area (SECA)”. This will envisage two phases:

1. From 2015 the ships that will be sailing in the Baltic Sea and in the North Sea will be obliged to have a percentage of sulfur in the bunker that won’t exceed 0,5% per milliliter;
2. From 2020 the percentage of sulfur is due to decrease to 0,1% per milliliter

Taking into consideration that the ships sailing in the Baltic see and in the North Sea have an average sulfur percentage of 2,7% per milliliter, this drastic reduction is going to represent a big issue for shipowners both from the technological point of view and the bureaucratic and economic point of view.

The Ortega government of Nicaragua approved the realization of an "alternative route" of transit between the Caribbean Sea and the Pacific Ocean less than 300 km from Panama. 

The project is worth 30 billion Euros and is going to be built by HK Nicaragua Canal Development Investment co, one of the many giants in Chinese fee that, in exchange for a concession of 50 years on the toll ( contract that can be renewable for another 50 years) and the use of the channel, will be in charge of the construction.