Over fifty delegates from British territories and dependencies participated in the Red Ensign Group annual conference in the Falklands this week. The Red Ensign Group (*) brings together 13 shipping registers whose vessels are entitled to fly British merchant navy flag or Red Ensign. The group aims to ensure that quality standards in shipping are upheld across the territories whose ships fly the Red Ensign.
The most prominent driver of oil prices over the next two years is not likely to come from OPEC, Iran or Venezuela, but rather in the shape of a shipping revolution, analysts have warned. New rules coming into force in approximately 18 months' time are seen as a source of great concern for some of the world's biggest oil producers.
Nations meeting at the United Nations International Maritime Organization (IMO) in London have adopted an initial strategy on the reduction of greenhouse gas emissions from ships, setting out a vision to reduce GHG emissions from international shipping and phase them out, as soon as possible in this century.