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ICS warns of a ‘sulphur cap chaos’ in 2020

Unless the IMO urgently resolves some serious issues concerning the successful implementation of the 2020 sulphur cap, a ‘chaos and confusion’ would have serious consequences at the global trade, about 90% of which is carried by sea, the International Chamber of Shipping has warned.

UK searches for more sources for LNG as volumes decrease

UK’s busiest LNG import terminal, South Hook, wants to make its sources of supply more broad, at a time when strong Asian demand drives away cargoes from Qatar, the world’s biggest exporter and the terminal’s majority shareholder. Volumes to the terminal have been reduced to half during 2018 compares to 2017.

LNG growth to increase US natural gas prices

The US Commodity Futures Trading Commission issued a report analyzing the market impacts from increased LNG trade and exports. The report says that LNG’s trade growth will continue, however this growth may put upward pressure on US natural gas prices. US LNG export plants in operation and under construction have a capacity of 10 Bcf/day.

How to assure the fuel quality onboard ships

IMO released a circular called: “Guidance on best practice for fuel oil purchasers/users for assuring the quality of fuel oil used on board ships.” This notice aims to help fuel oil purchasers/users ensure the quality of fuel oil delivered to, and used on board ships, with respect to the MARPOL requirements and the efficient operation of the ship.

IBIA welcomes BIMCO’s new bunker contracts

IBIA, after reviewing the BIMCO Bunker Terms 2018, welcomed the new contracts, as they will be “a major step in the right direction”. The new BIMCO Standard Bunker Terms and Conditions were approved by BIMCO’s Documentary Committee on 2 May, and they introduce a maximum limit of the parties’ liabilities.

New LNG terminal to be built at the Port of Hamina

Wärtsilä was granted all the necessary building permits and is ready to start the construction of the LNG terminal at the Finnish Port of Hamina. The company will build the terminal under a turnkey contract which reached a financial close. The LNG terminal is expected to start operations in 2020.

US Gulf Coast port limitations increase costs on US crude oil exports

EIA said that US crude oil exports averaged 1.1 million barrels per day in 2017 and 1.6 million b/d so far in 2018, an increase from less than 0.5 million b/d in 2016. This increase happened despite the fact that US Gulf Coast onshore ports cannot fully load Very Large Crude Carriers. Instead, export growth was achieved using smaller and less cost-effective ships.

Asian Shipowners: Compliant fuels must be available before 2020

The Asian Shipowners’ Association held its 27th Annual General Meeting on 15th May 2018 in Hong Kong. ASA dealt with a number of issues, such as protecting seafarers, 2020 sulphur cap compliance, compliance with international conventions and trade matters. ASA also noted that the shipping industry needs to keep its free trade principles.

2020 sulphur cap to increase oil prices

Morgan Stanley noted that crude oil prices will reach $90 a barrel by 2020 as the 2020 sulphur cap on shipping emission come into force. The changes will increase demand for distillate products such as diesel and marine gasoil, driving up the need for crude oil. The refining industry will need to produce more “green” fuels.

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maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
kilauea volcano
USCG enforces safety zone ahead Kilauea lava flow
research ships
Australia-NZ research ship collaboration eyes safer operations
program to tackle piracy in asia
Japan, ReCAAP ISC launch program to tackle piracy in Asia
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
gothenburg protocol
UK to ratify protocol to limit air pollution
2020 sulphur cap
ICS warns of a ‘sulphur cap chaos’ in 2020
whale strandings
USCG, NOAA set up agreement for whale strandings
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
autonomous shipping
Regulatory update on autonomous shipping
GMDSS
IMO MSC 99 approves second GMDSS service
denmark cyber security strategy
Denmark’s cyber security strategy to improve shipping
CIC Detentions Fines PSC Focus Vetting
uscg psc targeting criteria
USCG: PSC targeting criteria
ro psc compliance
USCG: RO PSC compliance performance
ship detentions
Guidance on PSC and flag state detentions for Bahamian-flagged ships
CSR Shipping Sustainability Women in shipping
stena line
Stena Line: Key sustainable initiatives in 2017
plastic
ABP Humber ports project turns marine litter into shampoo bottles
less bureaucracy
Greece, Cyprus, Malta ask for less bureaucracy to boost shipping sector
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
railroad connecting mediterranean and red sea
Egypt wants to build railroad to connect Mediterranean, Red Sea ports
ICC Incoterms under revision to keep pace with global trade landscape
trade war
China-US trade war averted