Read all the latest news about 2020 sulfur regulations. ShippingWatch gives you independent, credible, critical and fair news.
New requirements for bunker suppliers came into force at the turn of the year. With one year left before the global sulfur cap goes into effect, bunker companies are now obliged to ensure that their fuel is compliant.
A university and an institute are conducting a project testing the environmentally sound fuel methanol in Singapore. According to the partners, this is the first trial of its kind in Asia.
Uncertainty regarding the future price of low-sulfur fuel, compliant with the IMO's 2020 directive, continues to be major. New figures indicate a limited premium price, significantly smaller than many expected.
Towards 2021, IMO's safety committee will develop new guidelines to control the safety of the new fuels that will be introduced before the 2020 global sulfur regulations. Proposals must be submitted prior to the next meeting.
Chaos could erupt in ports in the first months of 2020, as shipowners are not prepared to operate under the new global sulfur regulations, says Martin Stopford, president, Clarksons Research.
Scorpio is now putting a figure on the number of vessels in its fleet to be equipped with scrubbers – and how many additional units are held on option.
Contract prices on low sulfur fuel will become a commodity on the US New York Mercantile Exchange from mid-December, report several media. The price difference between heavy fuel and low sulfur fuel is a major subject of in the industry.
The German liner shipping giant will approach the upcoming global sulfur regulations from three sides. One choice is by far the most long-term.
Difficulties involved with blending two types of fuel are a factor at present, and will remain so after 2020. Whether or not the problems will become larger or smaller remains uncertain, Bureau Veritas tells Platts.
Shipping association Bimco has adopted two new bunker clauses aimed at the global sulfur regulations and at determining which party is responsible for ensuring compliance with marine fuel regulations.
If the major liner companies have ordered their last scrubber, the exhaust-filtering system was far from the industry's preferred solution. A very small portion of Maersk Line's fleet will be equipped with the system, while others appear to have completely avoided the technology.
The world's leading petroleum producers are not interested in oil prices becoming too high, says oil trader Gunvor, which expects that scrubbers will ensure continued high demand for high-sulfur fuel oil.
The huge uncertainty about the exact price of low-sulfur fuel is complicating preparations for the upcoming sulfur requirements, says the CEO of Vitol, according to Reuters.
According to firm Seaintelligence, end customers will only be affected by a "manageable" additional expense if container shipping companies are able to send the bill for the upcoming sulfur requirements further on to shippers.
A proposal for an experience phase was quickly dealt with late Wednesday afternoon in the IMO. The controversial sulfur question ended in a compromise reached behind the scenes. (to be updated)
A proposal to postpone the implementation date of the carriage ban on non-compliant fuel was voted down Tuesday. Now the proposal is set to be ratified at the end of the week during a meeting of the IMO's environmental subcommittee.
De såkaldte detour trades, hvor skibe impulsivt skifter destination for at profitere af højere lastpriser andetsteds, bliver langt sværere at udføre, når 2020-kravene træder i kraft, siger analytikere til Bloomberg.
Yet another major port will become part of Maersk's efforts to secure low-sulfur fuel in preparation for 2020. Maersk Oil Trading has now leased part of a tanking terminal in Singapore.
Bankerne er nu parate til at stille klimakrav til de maritime kunder. Flere af verdens førende shippingbanker arbejder på et sæt retningslinjer under navnet "Poseidon Principles", der skal presse sektoren til at tænke grønt. Det erfarer ShippingWatch.
Two issues in particular will take center stage when member states and the industry gather for one of the most important meetings of the IMO's environmental committee in a long time. Find the entire agenda here.
Scrubber supplier Pureteq has sold out of scrubbers for all of 2019, CEO Anders Skibdal tells ShippingWatch. The company is currently declining new orders from shipping companies trying to prepare for the 2020 sulfur cap.
The controversial bunker surcharges are far from sufficient to cover liner companies' increasing costs, reports Seaintel. The analyst firm expects considerable rate hikes as early as next year.
There is no doubt that customers will pay for the container industry's cleaner fuel, says Hapag-Lloyd CEO Rolf Habben Jansen.
Ahead of a meeting of leading shipping figures at Global Maritime Forum, the IMO's secretary general took the opportunity to stress that the implementation date for the sulfur regulations is set in stone.
Bankerne er nu parate til at stille klimakrav til de maritime kunder. Flere af verdens førende shippingbanker arbejder på et sæt retningslinjer under navnet "Poseidon Principles", der skal presse sektoren til at tænke grønt. Det erfarer ShippingWatch.
Head of Performance Management | Lyngby (Denmark) - GreenSteam
Vetting Manager - NORDEN
Corporate Finance Analyst for Group Treasury - Bunker Holding
Senior Market Research Analyst in UltraBulk
