Bloomberg reports that ship owners are waiting longer and paying more to refuel at the world’s top bunkering hub, Singapore, as the industry struggles to prepare for the implementation of new ship-fuel rules in a few weeks.
2020 sulphur cap
According to a study published by the German Shipowners’ Association (Verband Deutscher Reeder,VDR) most of the German ships will use low-sulphur fuel oil (LSFO) from January 1, in order to follow with the IMO’s 2020 regulation “Global sulphur cup”.
The Maritime and Port Authority of Singapore (MPA) announced that the Pre-Arrival Notification (PAN) has been revised to incorporate the requirements for reporting on the use of compliant fuels in accordance with the fast approaching IMO 2020 sulphur cap.
Speaking during the 31st IMO Assembly Opening Session, the Greek minister of maritime affairs and insular policy Ioannis Plakiotakis, expressed his worries about the imminent implementation of the 2020 sulphur cap, calling for a postponement.
Monjasa, the Danish bunkering expert, acquired four new banks in 2019, while increasing its credit facilities by an additional total of USD 160 million, amid preparations of the upcoming 2020 sulphur cap.
In the wake of the fast approaching implementation of the 2020 sulphur cap, the production method of the compliant fuel oils is expected to become more diverse than at present. As such, the Japan P&I Club noted five properties of residual fuel oils that should be further paid attention when using compliant fuel oils.
In his keynote address at the 2019 HANSA Forum in Hamburg, on Thursday, November 21, Bud Darr, MSC Group’s Executive Vice President, Maritime Policy & Government Affairs, highlighted the challenges shipowners face in meeting the goals and regulations in light of the ambitious goal set by the IMO to half sulfur emissions by 2050.
During the IMO’s 31st Assembly session, shipping stakeholders gathered to discuss about the path towards the 2020 sulphur cap, with the Secretary General’s, Kitack Lim, opening speech calling for concrete action to tackle climate change.
Taiwan fined four ships NT$ 100,000 each, which is around USD$ 3,300, for violating the new emissions control area (ECA) regulations, according to local media citing a note from the Ministry of Transportation and Communications.
KPI Bridge Oil, global market trader, announced that its sales of 2020-compliant fuels exceeded the sale of high sulphur fuel oils for the first time, an achievement made close to the upcoming 2020 sulphur cap.
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