With IMO 2020 just around the corner, the shipping industry must already have a plan to comply. However, despite the fact that we are just two months away from this groundbreaking regulation for maritime, there is increased uncertainty regarding compliant fuel oil availability worldwide. In such case, companies should have a plan to deal with such unavailability, with the answer might lying in the Fuel Oil Non-Availability Report (FONAR).
On Monday, October 21, French energy major, Total, signed a shareholders’ agreement with Chinese state-owned Zhejiang Energy Group (ZEG) establishing a joint venture company dedicated to the supply and delivery of marine fuels in the region of Zhoushan, China.
Shipping companies that operate itinerant merchant vessels, known as tramps, are worried about finding fuel to comply with the upcoming 2020 sulphur cap, Guy Platten, secretary general of the ICS, told Reuters. The tramp sector, it will account for around 40% of global demand for compliant low sulphur fuels, the ICS says.
The US-based supply chain management company Hudson Shipping Lines has stated its opposition to using scrubber systems in order to further comply with the IMO 2020 sulphur cap, and agreed to provide support to the Environmental Protection Alliance (EPA) and its campaign to ban the use of scrubber systems in the shipping industry.
Enabling legislation in South Africa for the implementation of the IMO 2020, should be ready by year end, Transport Minister Fikile Mbalula has confirmed. Namely, Mr. Mbalula finally settled down the fears, stating categorically that the necessary legislation will be in place by the end of 2019.
MPA Singapore published an advisory to help Singapore-registered ships to operate safely and prevent pollution during installation and operation of scrubbers. The advisory shares observations from shipboard inspections carried out by Flag State and Port State Control, and documents best practices.
LIQAL, LNG fuelling technology company is collaborating with Drive Systems for the construction of a turnkey fuelling station for LNG and LCNG in Londerzeel, Belgium, supporting the urgency of decarbonization in the shipping industry.
Cargill, Maersk Tankers and Mitsui & Co. announced the establishment of a collaboration to advance the reduction of global greenhouse gases (GHGs) in shipping. The companies will work towards lowering maritime GHG emissions by fully exploiting existing fuel-saving technologies and exploring new technical solutions.
It is currently estimated that operators will be faced with an additional $11 billion fuel bill related to the switchover to low-sulphur fuel oil (LSFO) next year, according to the latest container market outlook of Drewry. Moreover, there is still no clear guidance on just how much additional cost it will cause on the industry and the recent oil-price spikes due to the drone attacks on Saudi oil facilities further complicate the scenario.
Nippon Yusen Kaisha (NYK Group), the Japanese shipping company, has announced the delivery of a methanol carrier, Takaroa Sun, equipped with a two-stroke dual-fuel engine technology that enables the vessel to be powered by methanol.
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