News Round-up: 27 January – 3 February 2020

SPLASH 24/7

Shipping bodies respond to black carbon claims

A host of shipping bodies have replied in an open letter to the Clean Arctic Alliance in an ongoing spat about the potential for very low sulphur fuel oil (VLSFO) to emit more black carbon emissions than high sulphur fuel oil (HSFO). In the wake of a joint submission to the International Maritime Organization (IMO)

More: https://splash247.com/shipping-bodies-respond-to-black-carbon-claims/

 

High black carbon emissions from VLSFO heaps pressure on IMO

Following on from a landmark study funded by the German Environment Agency that suggests some blends of the new very low sulphur fuel oil (VLSFO) contain higher black carbon emissions than its forebear, high sulphur fuel oil (HSFO), the International Maritime Organization (IMO) is coming under pressure to ban the new fuel in Arctic waters.

More: https://splash247.com/high-black-carbon-emissions-from-vlsfo-heaps-pressure-on-imo/


VESSEL PERFORMANCE NEWS

Hill Dickinson warns to plan ahead for March debunkering deadline

The transition to low sulphur fuels has so far been smooth, thanks to the efforts of shipping industry stakeholders in preparing for the change, which entered into force on January 1st this year.

More: https://vpoglobal.com/2020/01/30/hill-dickinson-warns-to-plan-ahead-for-march-debunkering-deadline/

 

VLSFO associated with higher black carbon emissions than HFO

Three weeks after the International Maritime Organization’s (IMO’s) global regulation on sulphur content in fuel oil entered into force, new figures indicate that very low sulphur fuel oil (VLSFO) compliant with the new regulation, is just as detrimental to the environment as conventional heavy fuel oil (HFO).

More: https://vpoglobal.com/2020/01/20/vlsfo-associated-with-higher-black-carbon-emissions-than-hfo/


FATHOM.WORLD

Sulphur regs going smoothly, but plan ahead to meet March debunkering deadline, warns Hill Dickinson

The transition to low sulphur fuels has so far been smooth, thanks to the efforts of shipping industry stakeholders in preparing for the change, which entered into force on January 1st this year. However, there are some issues arising over the margin for error in testing the sulphur content and the presence of sediment is causing concern in some areas, warns maritime law specialist Hill Dickinson. And, as the 1st March deadline for part two of the regulations looms, the legal expert advises ship operators to start planning now to debunker any remaining high sulphur fuel in good time.

More: https://fathom.world/sulphur-regs-going-smoothly-but-plan-ahead-to-meet-march-debunkering-deadline-warns-hill-dickinson/


LLOYDS LOADING LIST

GSF issues advice on managing surcharges for low sulphur fuel

Whilst shippers should support the reduction in harmful emissions, they should be wary of being expected to pick up the bill for achieving them, trade body underlines.

More: https://www.lloydsloadinglist.com/freight-directory/adviceandinsight/GSF-issues-advice-on-managing-surcharges-for-low-sulphur-fuel/75756.htm#.XjgJjkB2uUl


YAHOO! FINANCE

CRU: IMO 2020 – Lower Sulphur Means Higher Freight Rates

When we last looked at the IMO 2020 MARPOL Annex VI policy back in 2018 Q4, there were many sources of ambiguity in terms of the outlook. These included scrubber uptake, fuel options and availability, freight rates and the expectations on policy enforcement. As we approach the 1 January 2020 deadline for the policy, we have greater clarity on the likely impact of the policy on fuel prices. CRU’s view is that the IMO 2020 regulation is likely to raise freight rates by around 10-20%.

More: https://finance.yahoo.com/news/cru-imo-2020-lower-sulphur-090000185.html


FREIGHTWAVES

Commentary – Who pays for IMO 2020?

The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement begins in…

More: https://www.freightwaves.com/news/commentary-who-pays-for-imo-2020

 

SHIPPING WATCH

IBIA disagrees with critical study of new fuels

It is still far too soon to draw conclusions about the new low-sulfur fuels, says the IBIA in the wake of harsh criticism from environmental organizations. The IBIA is surprised by the study’s conclusions.

More: https://shippingwatch.com/secure/suppliers/article11906780.ece (Subscription)

 

Container lines struggling to pass sulfur bill on to customers

The container shipping lines have not been able to push the costs of the new sulfur regulations on to customers in January. At least not when looking at backhaul voyages, notes analyst firm Sea-Intelligence.

More: https://shippingwatch.com/secure/carriers/Container/article11900759.ece (Subscription)

 

Study: New fuels are more harmful to the Arctic

A new preliminary study links the new low-sulfur fuels, which most of the commercial fleet now sails on, to black carbon. Environmental organizations call for answers and action from the IMO and oil companies.

More: https://shippingwatch.com/secure/suppliers/article11901116.ece (Subscription)

 

Oil traders made billions in 2019 as conflict shook the market

Several of the world’s biggest commodity traders and fossil supermajors made record profits 2019 by playing clever hands in an unstable energy market year characterized by supply problems, Middle East conflicts, sanctions as well as maritime enterprises scurrying to prepare for the IMO2020 sulfur rules taking effect on Jan. 1.

More: https://shippingwatch.com/secure/suppliers/article11901776.ece (Subscription)

 

 

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