2020 sulphur cap

How to ensure effective implementation of MARPOL Annex VI

MARPOL Annex VI sets the reduction of the global sulphur limit from the current 3.5% to 0.5% which will come into effect from January 1, 2020; Following, local bunker suppliers can follow specific steps, ‘best practices’, to ensure effective implementation and enforcement of statutory requirements of the MARPOL Annex VI.

Maersk issues Environmental Fuel Fee, updates Bunker Adjustment Factor

In light of the approaching 2020 sulphur cap, which sees vessels using fuel containing up to 0.5% sulphur, Maersk’s Jacob A. Sterling tweeted that the cost of compliance will increase. Thus, Maersk issues a new Environmental Fuel Fee, and updates the existing Bunker Adjustment Factor. 

Major shipping stakeholders discuss maritime’s future during LISW

During the London International Shipping Week major stakeholders of the shipping industry such as BIMCO, ICS, and INTERTANKO, discussed about the future of shipping, focusing on the preparations of the implementation of the 2020 sulphur cap, while also discussing the 2050 target on reducing shipping emissions.

Japanese oil company stocks VLSFO at Chiba

Reuters reports that Japanese third-largest refiner, Cosmo Oil, is building stocks of very low sulphur fuel oil (VLSFO) that can be supplied to domestic marine fuel markets from October ahead of IMO 2020 sulphur cap. Cosmo Oil produces VLSFO at its residue desulfurizer (RDS) unit at its Chiba refinery near Tokyo to build stocks.

Inmarsat: Startups play a crucial role in maritime digitalization growth

Inmarsat launched the ‘Trade 2.0: How Startups are driving the next generation of maritime trade’ report examining how startups in line with the technological development such as big data, AI and blockchain in the maritime industry, are bringing a new era and create a ShipTech market. 

Sulphur Cap 2020: Many questions, one answer

With the official starting date for the global sulphur cap 2020 only a few months away, ship owners and technical managers are still left with a number of issues to resolve. While many owners have decided to install scrubbers already at this stage, the majority opted to switch from HFO to compliant fuels.

Rystad: IMO 2020 one of the three pillars to determine oil price

The effect of new IMO 2020 regulations will be one of the key three essential factors expected to determine the direction of the oil price next year, according to research firm Rystad Energy. A balanced oil market in 2020 is contingent also on a no-global-recession and continued OPEC production cuts.

Maersk, Koole Terminals to produce IMO 2020 compliant fuel in Rotterdam

Maersk Oil Trading and Dutch storage company Koole Terminals announced the signing of an agreement to produce IMO 2020-compliant bunker fuel. The production will take place at the Petrochemical Industrial Distillation (PID) unit, located at Koole’s Botlek site in the Port of Rotterdam.

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