IMO’s MEPC 73 will take place on 22-26 October 2018, at IMO Headquarters in London, focusing on key environmental challenges facing the shipping industry. Among the key topics on the agenda are the hot issues of the GHG reduction from ships and 2020 sulphur cap.
In a recent public announcement, Greenland’s government (Naalakkersuisut) noted that it supports an IMO ban on the use and carriage of heavy fuel oil by Arctic shipping. Clean Arctic Alliance endorsed the move by Greenlandic politicians to support the banning of the world’s most polluting fuel.
New oil refining capacity and an increase in the number of ships using scrubbers, will enable marine fuel markets to a balance after new sulphur regulations come into force, Goldman Sachs mentioned. Namely, the bank said that ships with scrubbers are expected to retain a third of current high-sulphur fuel in compliant use.
Just one newly built cruise ship uses LNG, German environment association NABU noted, adding that the remaining checked ships coming into the market this year, will continue to use heavy fuel oil. Namely, AIDAnova will be the first cruise ship using liquefied natural gas LNG.
Guido Van Meel, Secretary General of Euroshore International (a non-profit association of waste contractors specialised in ships’ waste) discusses the key challenges with respect to scrubbers taking into consideration a combination of factors that cannot be disregarded amid the legal background.
HFO for sea-going vessels does not comply with European rules for chemicals, while there is insufficient report of what the fuel contains. Users, emergency services workers, competent authorities and terminals therefore do not have a reliable picture of the risks, according to investigations by ILT.
Eco ships will be able to bargain a considerable premium over older vessel ahead of high bunker prices, creating a two-tier market. After 2020, Drewry expects increased LSFO/ MGO prices, along with cheaper HFO prices. This will lead to a three-tier structure. Drewry also expects a $76 per barrel price in the third and fourth quarters of 2018.
On 23 June 2018, a collision between a tanker and the jetty in the Port of Rotterdam, Europe’s biggest seaport, caused about 217 tonnes of HFO to spill into the water. The incident highlights the need for a ban on the use and carriage of HFO which can have a devastating environmental impact, warned the Clean Arctic Alliance.
Members of the European Parliament and other stakeholders have been briefed about the Initial IMO Strategy on Reduction of GHG emissions from ships, which was adopted in April. Moreover, the measures that may be taken to implement the initial strategy, including possible short term measures, were described.
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