As part of the Global Climate Action Summit, Norway convened to advance collaboration on zero-carbon trade and transport sectors. Namely, environment ministers from Norway and the Marshall Islands spoke with clean-tech start-ups and governments.
2020 sulphur cap
Maersk informed that it will change the fuel adjustment surcharge ahead of the 2020 sulphur cap. The new Bunker Adjustment Factor (BAF) aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020.
DNV GL published the new “Global Sulphur Cap 2020” guidance paper, updating the Global Sulphur Cap brochure, published in October 2016. This report presents the new regulation and the options that ship owners and operators have, in order to ensure compliance.
To assist shipping companies prepare for the implementation of the IMO global sulphur cap for ships’ fuel oil, the International Chamber of Shipping has produced some guidance to help ensure compliance across the shipping industry with this regulatory game changer.
As the hot debate of environmental compliance for shipowners evolves, Norwegian Odfjell says it will not invest in scrubbers ahead IMO sulphur cap. While there are certain scenarios that would make scrubbers an attractive solution for compliance, Odfjell CEO Kristian Mørch believes the technology ‘does not make sense’.
The world’s biggest container shipping company, A.P. Moller-Maersk, said it will add exhaust gas cleaning systems to some of its ships to achieve compliance with the IMO’s 2020 sulphur cap. This follows an announcement by the Danish giant last February that it would choose low sulphur fuel oil over scrubbers.
Marine scrubbers market is set to surpass USD8 billion by 2024, driven by the 2020 sulphur cap and the growing regulatory pressure, the emission effects on human health, as well as a rise in clean fuel cost, according to a study by Global Market Insights, Inc.
DFDS will install scrubbers on 12 freight ferries used on freight routes in the Mediterranean between Turkey, Italy, Greece and France. The investment will ensure compliance with the 2020 sulphur cap. DFDS based this decision on the 2015 scrubber strategy for the transition to the 0.1% sulphur content limit for its ferry route network in northern Europe.
Monaco-based dry bulk transportation company Safe Bulkers will install scrubbers in about half of its fleet, comprising five Kamsarmax class vessels, thirteen Post-Panamax class vessels and the recently-acquired Cape-size class vessel while it maintains an option for an additional scrubber.
BIMCO has recently issued a digital bulletin focusing on the challenges ahead for the compliance with the 0.5% suplhur cap in less than 18 months. The Association highlights that there are still many contractual and technical issues that need to be addressed and provides updates on action taken so far.
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