2020 sulphur cap

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. 

Product tanker market will benefit from 2020 Sulphur Cap

TORM, a Danish shipping company, stated that IMO sulphur cap will result to an incremental increase in product tanker trade during 2019 and 2020. The 0.5% sulphur regulation and the alter to marine fuel consumption will conclude to higher trade volumes of clean petroleum products, which will benefit the product tanker market.

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