What will the new era of ship efficiency mean for your vessels?

Proposed new ship efficiency regulations are set to herald a new era of ship efficiency which is likely to involve, to a far greater degree than previously, modifications to ships and their equipment. Who foots the bill – owners or charterers? Rachel Hoyland, of Hill Dickinson, considers the ramifications of the latest IMO measures

In April 2018 the IMO adopted its Initial Strategy on Reduction of Greenhouse Gas Emissions from Ships. This set out a number of short-, medium- and long-term goals concerning the decarbonisation of shipping.