Tag: 2020 sulphur cap

According to Alphaliner, the amount of 16% of the global containership fleet by vessel count and 35.7% concerning capacity are already equipped with scrubbers as at end-May, in light of the approaching IMO sulphur cap regulations.

DB Schenker and Maersk have partnered to establish a CO2 target to reduce CO2 emissions by 20% per container transported from 2014-2020 for DB Schenker’s business with Maersk. As a result of Maersk’s fuel efficiency efforts, the companies met this target in 2018, 2 years ahead of schedule.

Esben Poulsson, the Chairman of ICS has commended the Cyprus Shipping Chamber (CSC) as being a 'model member'. Mr. Poulsson also highlighted that the lifting of the restrictions that Turkey has imposed on Cypriot-flagged ships would lead to a a win-win situation. Moreover, he expressed ICS's full support on 2020 sulphur cap, but highlighted its concerns regarding the prices of the new fuels.

Imtrade trading company offers IMO 2020 compliant fuel in the Russian far east from the early days on May. Specifically, the company sales 0.5% sulphur bunker fuel with 80cst viscosity on a delivered basis at the ports of Vladivostok, Nakhodka, Vostochnyi, Kozmino, Posyet, Zarubino.

The Icelandic Ministry for the Environment and Natural Resources has made a draft to amend current regulations regarding the sulphur content of fuels. If adopted, the amendments will not allow the use of heavy fuel oil within Icelandic territorial waters from the start of 2020, with fuels with only 0.1% sulphur content being allowed.

The worldwide demand for cleaner shipping fuel could drive the value of Middle East crude to its lowest ever levels, despite fact that supplies are squeezed. This highlights the fact that the 2020 sulphur cap will hurt countries like Saudi Arabia and Iraq that produce high sulphur fuel.

The American Hellenic Hull Insurance Agency published an infographic focusing on the IMO/MEPC open look scrubber issue, focusing on MEPC 74 that was conducted the previous week and highlights what effects do scrubbers have from the insurer's perspective. 

Aiming to clarify the situation regarding Fuel Oil Non-Availability Reports (FONARs), Skuld Club says that it is a discretionary tool for a Member State to lessen the breach of MARPOL Annex VI. However, it explains that FONARs are not an exemption but rather a self-declaration by owners that a breach has or is about to take place.

BIMCO and Intertanko have jointly published Q&As addressing the contractual implications owners and charterers consider when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be analyzed for both time and voyage charter parties.

MEPC 74 concluded on Friday with a comprehensive set of guidelines for the consistent implementation of the 2020 sulphur cap. IMO also approved draft amendments to MARPOL Annex VI relating to enforcement of the 0.50% sulphur limit.