There have been a number of estimates of the magnitude of the cost to the shipping community of implementing the global 0.50% sulphur cap in 2020. Recently, Wood Mackenzie grabbed the headlines by saying global bunker fuel costs could rise by up $60 billion annually from 2020, in a full compliance scenario, when the International … Read moreHow much will 2020 cost?
Global bunker fuel cost could rise by up to US$60 billion annually from 2020, when the International Maritime Organisation’s (IMO) 0.5 wt% sulphur cap regulation for bunker fuels kicks in. Traditionally, fuel oil is used by the shipping industry as bunker fuel. In 2016, global demand for high sulphur fuel oil stood at almost 70% … Read moreGlobal bunker fuel cost could rise by up to US$60 billion annually from 2020
The year’s biggest breakbulk exhibition took place in Antwerp with a conference that included a panel discussion which featured a ‘Sulphur Shock: Countdown to 2020’ debate. The purpose of the discussion was to draw attention to the commercial aspects of the 2020 change in the global limit for sulphur in ship fuel.
There are quite few options available to shipowners to reach compliance with the new sulfur cap. All of those have two things in common – high costs and uncertainty. Whichever way shipping companies decide to go, each one of them will have to make long-term expensive bets in an already troubled market. These decisions, like … Read moreNot Just A Shipping Problem
Earlier this year the International Organization for Standardization (ISO) published a revised edition of its ISO 8217 specifications for marine fuels, which still maintains a 60 mg/kg limit for catfines (catalytic fines). It’s not a rare thing to hear comments about this threshold being on the high side. A test conducted just a few days … Read moreTHE THING WITH CATFINES
1 January 2020. That’s the date set by the International Maritime Organisation (IMO) to fully implement the global sulphur limit of 0.50% m/m (mass/mass) in 2020. And it’s around the corner. Read the literature: The prescribed reduction in the sulphur content of fuel oil used by ships is a significant cut from the 3.5% m/m … Read moreGetting ready for the new reality