Ships will have to report their fuel consumption

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The International Maritime Organization, IMO, has introduced new rules that will be initiated March 1st, which means that shipping companies must collect data on fuel consumption on their ships.

The purpose of the new rules and regulations is to help to show highlight fuel consumption in order to increase energy efficiency in the international shipping industry.

The rules that fall under the MARPOL Convention on pollution prevention from ships mean that from 1 January 2019, the IMO will start collecting data from ships over 5,000 gt. These ships account for about 85 percent of the global fleet's total CO2 emissions.

The data must initially be reported to the ships' flag states, who reports them to IMO.

Source: World Maritime News / Maritime Denmark