News Round-up: 4 February – 10 February 2020

SHIPPINGWATCH

India removes import tax on low-sulfur fuel

Several Indian ports do not have sufficient volumes of new low-sulfur fuels, prompting India to remove the import tax on the new fuels, according to Reuters.

More: https://shippingwatch.com/secure/suppliers/article11919343.ece?utm_campaign=ShippingWatch%20Newsletter&utm_content=2020-02-04&utm_medium=email&utm_source=shippingwatch_com (Subscription)

 

New fuels contain a surprising amount of impurities and water

The new 0.5-percent fuels have more sediments and contains more water than expected. The problems could continue for another six months, several testing companies tell ShippingWatch.

More: https://shippingwatch.com/secure/regulation/article11921844.ece?utm_campaign=ShippingWatch%20Newsletter&utm_content=2020-02-05&utm_medium=email&utm_source=shippingwatch_com (Subscription)

 

Danske Bank divested shipping stocks in 2019 due to new sulfur rules

Banking major Danske Bank reduced its stock holdings in Danish shipping companies like Torm and Norden in 2019. The new sulfur regulations are one of two major reasons, investment strategist tells ShippingWatch.

More: https://shippingwatch.com/secure/carriers/article11924876.ece?utm_campaign=ShippingWatch%20Newsletter&utm_content=2020-02-06&utm_medium=email&utm_source=shippingwatch_com (Subscription)


SPLASH24/7

Hapag-Lloyd trials biofuel on boxship

German liner Hapag-Lloyd has launched the trial of B20 fuel, a combination of low sulphur fuel oil (LSFO) and bio-diesel based on cooking oil, on its 4,400 teu panamax containership Montreal Express. Many other shipping lines such as Norden, CMA CGM and Maersk are also carrying out their own biofuel experiments at the moment.

More: https://splash247.com/hapag-lloyd-trials-biofuel-on-boxship/ 

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