The shipping industry looks set to be shaken up by the International Maritime Organization’s decision to cut global bunker sulphur limits to 0.5% in 2020. Most operators will be forced to buy cleaner, more expensive fuels, raising their bills considerably, but that doesn’t mean consumers will endure similarly high prices. It looks set to … Read moreHow does IMO bunker fuel reform add up for consumers?
A sense of anxiety is gripping the shipping industry as it looks toward the imposition of more stringent sulfur restrictions on marine fuel on January 1, 2020. But why? Many shipowners have yet to make up their minds on what fuel to use: will they pay more for diesel fuel? Burn hi-sulfur fuel and invest … Read moreIMO 2020: A STORM IN A TEACUP?
Another view on sulphur 2020: The global sulphur cap goes a long way to cut harmful emissions but will not be as transformative for the shipping industry nor as disruptive for oil markets as might be excepted. Industy consolidation and shipping innovation have already unlocked substantial fuel savings that are poorly captured in statistics. … Read moreON THE RECORD
Certain shipping companies, especially the larger ones, are better at understanding their exposure, most however just seek the best price of the day. To overcome this shortfall, almost all rely on traders who, through their global networks, provide access to information on pricing, quality and availability. Less than a handful offer strategic insight, quality control … Read more2020: Time for Shipping Companies to consider a new Fuel Procurement strategy
On October 27 the International Maritime Organization announced a sharply lower sulfur cap on shipping fuel globally from 2020. But what are the implications for shipping lines, refineries and crude producers? Ned Molloy, managing editor for European fuel oil, reports. Special report: http://www.platts.com/IM.Platts.Content/InsightAnalysis/IndustrySolutionPapers/SR-IMO-2020-Global-sulfur-cap-102016.pdf
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