2020 sulphur cap

China approves tax waiver for bunker fuel

Reuters reports that China has approved a long-awaited tax waiver on exports of cleaner ship fuel, helping refiners to boost output. Yet, Beijing may initially limit shipments with the aim to focus on growing its coastal marine fuel market.

GSF: 10 tips for sulphur-surcharged shippers

With the official implementation of the 2020 sulphur cap, the Global Shippers Forum (GSF) launched advice, assisting importers and exports who will have to deal with the demands for surcharges from shipping lines seeking to cover their costs of compliance.

Reefer trade challenged in 2019 due to trade war, fuel costs

Dymanar launched its 2019 Reefer Analysis presenting how the landscape of the reefer field evolved, given that 2019 was a full year; Increased trade tensions followed by sanctions, the IMO’s 2020 sulphur cap which approaches in less than a week and how it may affect the reefer sectors and the slowing economy which affected the trade flows.

Drewry, ESC jointly launch BAF transparent indexing mechanism

Drewry and the European Shippers’ Council launch a bunker adjustment factor mechanism and bunker charge guide to help shippers monitor and control bunker charges as shipping lines switch to the more expensive bunkers required under the IMO 2020 low-sulphur regulation.

KPI Oil Bridge expects oil prices to increase by 30-40%

KPI Oil Bridge is waiting for the new sulphur regulations that will come into effect in 2020, as Søren Høll, CEO of KPI Bridge Oil, confirmed the company’s readiness for the expected changes. They anticipate a price increase of 30-40% depending on the region and local availability, while they also expect to experience a shortage of available credit in the market.

maritime events