Lloyd’s List-More carriers add transitional fuel charges by James Baker, Friday, 8 November 2019
The low-sulphur surcharge, effective from December 1, has been calculated using the price difference between high-sulphur fuel and low-sulphur fuel average prices in October.
The “retained value” is $200 per tonne, which is then multiplied by trade coefficient, and will apply to all contracts with validity up to three months, CMA CGM said in a customer advisory.
Lloyd’s List-Real balances in fuel market may remain unclear until mid-2020 by Anastassios Adamopoulos, Friday, 8 November 2019
There will be enough product available globally for shipping companies to comply with the 2020 sulphur cap, Minerva Bunkering chief executive Tyler Baron said. But added costs and different quality of the fuels adds a certain degree of complexity. Amidst these uncertainties, he also expects trading credit to be squeezed during the transition to 2020
ASIA PACIFIC: SINGAPORE LAUNCHES NEW BUNKER MFM STANDARD TO SUPPORT IMO 2020 TRANSITION – Bunkerspot
The Singapore Standards Council has launched a new Singapore Standard SS 6481 – Code of Practice for Bunker Mass Flow Metering (MFM), which it says will ‘enhance the operational aspects for MFM bunkering and support the changing needs of the bunker industry as it transits to a low sulphur fuel oil regime in January 2020’.
ASIA PACIFIC: CHINESE OIL PRODUCTION SET FOR UPSWING – Bunkerspot
China’s fuel oil production will hit 550,000 barrels a day (b/d) by early 2020 as the country takes advantage of the chance to target higher exports of low sulphur fuel oil (LSFO), says fuel analyst ESAI Energy LLC.
GLOBAL: EYES IN THE SKY FOR ECA COMPLIANCE – Bunkerspot
A new study by UK-based researchers has demonstrated how satellite tracking could help to monitor ships’ compliance with sulphur emission regulations.
SEA NEWS -NYK back in black after posting first-half profit of US$146.7 million Thursday, 7 November 2019
JAPAN’s leading ocean carrier, Nippon Yusen Kabushiki Kaisha (NYK) was back in the black with a first-half profit of JPY15.8 billion (US$146.7 million), after suffering a year-on-year 2018 net loss of JPY4.2 billion. First half revenues came in at JPY824.7 billion. down 9.9 percent.
Marinelink-Fuel Spread for 32 Ports on BIMCO Website by Michelle Howard, Thursday, 7 November 2019
BIMCO members can now monitor the price spread between Marine Gas Oil Low Sulphur and 380 centistoke High Sulphur Fuel Oil in 32 different ports around the world with daily information supplied by MABUX.
VPO-Satellite tracking shows the relationship between ship emissions and cloud patterns, Thursday, 7 November 2019
A ground-breaking study by UCL Energy Institute, Imperial College and the University of Oxford shows how matching the movement of ships to the changes in clouds caused by their emissions could be used to help monitor compliance with the IMO 0.5 percent sulphur emission regulation.In the latest study, satellite tracking was used to show how the impact of ships on clouds largely disappears in Emission Control Areas (ECA) zones, where ships’ sulphur oxides (SOx) emissions is limited to 0.1 percent.
SEA NEWS – CMA CGM levies US$200/ton low sulphur surcharge from December, Thursday, 7 November 2019
FRENCH shipping giant CMA CGM has introduced a low sulphur surcharge from December 1 to cover the increase in fuel-related costs associated with the implementation of the United Nations’ IMO 2020 regulation. The surcharge has been calculated using the price difference between high sulphur fuel and low sulphur fuel average prices of October. A previous announcement related to calculation, the retained value is US$200 per ton, which is multiplied by the trade coefficient.
WORLD CARGO NEWS – IMO 2020 could spark greater service differentiation by WCN Editorial, Thursday, 7 November 2019
The consultancy Alphaliner thinks the upcoming cap on the sulphur content in bunkers, could lead to a greater differentiation of services in the liner sector. Addressing delegates at Intermodal Europe 2019, Verberckmoes, described moves by CMA CGM to propel several of its ultra-large container vessels with LNG as a bold move. “The company has started taking delivery of this tonnage and it will have 20 vessels in service by 2022. Its move is supported by a bunker supply deal with Total Marine Fuels Global Solutions and a charter deal with Mitsui OSK Line for a bunker ship.”
SEA NEWS – Debate over scrubber usage to clean marine fuel emissions continues Thursday, 7 November 2019
Over the years the shipping industry has been rapidly improving in the area of sustainable development, with nearly all its emissions to air and discharges to sea now being regulated, and owners, operators and technology firms working on a range of solutions to take shipping to a new level of sustainability.
SPLASH – Fuel transition charges flood in by Sam Chambers, Thursday, 7 November 2019
Containerlines are following Hapag-Lloyd’s lead in bringing in low sulphur fuel surcharges for spot cargoes to go alongside already communicated longer term charges to handle the global sulphur cap.Late last month the German boxline outlined that from December 1, a new IMO 2020 Transition Charge (ITC) will kick in, valid until further notice, with customers charged an extra $135 per teu on Asia-Europe, $130 on the transpacific and $80 on intra-Asia trades.
SPLASH – British scientists to track down sulphur cap cheats by peering into the clouds by Sam Chambers Wednesday, 6 November 2019
British researchers have developed a method to track down ships flouting the sulphur cap next year by watching clouds. The study, published today in Geophysical Research Letters, was led by researchers from Imperial College London, together with University College London and the University of Oxford.
SHIP INSIGHT – A new report from the Mission to Seafarers shows increased positivity and satisfaction among those working at sea by Paul Gunton, 5 November 2019
The impending IMO 2020 sulphur cap appears to be a source of stress for many seafarers. The report indicates that there is a widespread fear of blame for non-compliance, suggesting that some seafarers don’t feel prepared for the cap, which comes into effect in the New Year. Many participants reported concerns that discrepancies in data, in addition to tougher inspection regimes, could result in seafarers facing prosecution by authorities.
While there has been much attention given to the financial impact of IMO 2020 on shipowners, this evidence shines a light on the day-to-day pressures on those serving at sea and the need for governments and shipowners to prepare seafarers for the change. The report indicates that the companies investing more resources into training have happier crews – highlighting the importance of seafarers feeling confident in their own abilities and with the responsibilities placed upon them by new regulations.
BUNKERSPOT – EUROPE: NESTE ROLLS OUT 0.50% SULPHUR MARINE FUEL TO GERMAN MARKET
Under the terms of a distribution and sales agreement with German bunker supplier BMT Bunker und Mineralöltransport GmbH, the Finnish refiner’s IMO 2020-compliant Neste Marine 0.50 fuel is now available in Bremerhaven.