2020 sulphur cap

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.

FMC to keep an eye on bunker surcharges

The US Federal Maritime Commission (FMC) will continue paying attention on the way that ocean carriers pass on additional fuels costs that have occurred due to IMO’s 2020 sulphur cap. The regulation could increase fuel costs by as much as one third. FMC is mainly aiming to make sure that ocean carrier bunker charge adjustment formulas are clear and definite, FMC Chairman Michael Khouri informed. 

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