Read all the latest news about 2020 sulfur regulations. ShippingWatch gives you independent, credible, critical and fair news.
Indonesia has decided to not exempt its ships from the upcoming sulfur requirements, the country's transport ministry says. Environmental alliance still fears resistance from countries, however, and appeals to banks and investors.
Extra expenses for low-sulfur fuel are small enough compared to factors such as US tariffs on Chinese goods that they will not lead to a similar container boom ahead of the new sulfur regulations, notes analyst firm Sea-Intelligence.
Fuel with more than 0.5 percent sulfur will continue to be sold by three out of four bunker suppliers in Singapore after the new sulfur regulations come into force next year.
Oil company Total believes the market for high-sulfur fuel oil will continue to be "significant" once the sulfur regulations enter force next year.
The coming 2020 requirements may break container carriers and trigger a new wave of acquisitions or mergers, according to maritime and supply chain consultancy firm Drewry.
The US should support the sulfur regulations and implement them in a timely manner, says the powerful US oil lobby in a letter to the White House, thus increasing its pressure on President Donald Trump.
Since Goodfuels signed up shipping company Norden as a biofuels customer, the pace has quickened for the company. Large oceangoing carriers are next in line, says founder and CEO in an interview with ShippingWatch.
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.
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