SHIPINSIGHT-2020 sulphur rules driving tanker freight rate rise by Malcolm Latarche , Monday, 4 November 2019
In its weekly analysis, Poten says because only a small percentage of ships will have scrubbers by the start of the year, the freight rates will, at least initially, be driven by ships without scrubbers, burning more expensive low-sulphur fuel.
To examine the impact of the more expensive fuel, Poten compared the freight rates (in $/tonne) using the average HFO (Heavy Fuel Oil) and MGO (Marine Gas Oil) prices in 2019 with freight rates calculated using the average prices of MGO and Very Low Sulphur Fuel Oil (VLSFO) using the 2020 forward prices.
SHIPINSSIHT- 2020 enforcement: are we ready? by Paul Gunton, Monday, 4 November 2019
I recently wrote about the concerns expressed by a marine engineer about the impact that low sulphur fuels will have on his shipboard colleagues (23 October). He had been speaking at an IMO Symposium on IMO 2020 and Alternative Fuels on 17 October and you can find all the presentations and audio recordings of the 1.5-day event on IMO’s website.
I am returning to that event now because of our report on 29 October that Russia is considering postponing its adoption of the new fuel standard for its domestic shipping, which would also apply to the other four members of the Eurasian Economic Union.
SPLASH-Platts launches scrubber index for bulkers by Sam Chambers, Monday, 4 November 2019
S&P Global Platts is now publishing time charter equivalent (TCE) assessments basis 0.5% sulphur bunker fuel for scrubber-fitted and non-scrubber dry bulk ships covering capesizes, panamaxes, ultramaxes and supramaxes.
The new TCE assessments are calculated using daily 0.5% delivered bunker prices published by Platts. The vessel speed and consumption used in these TCE calculations were derived by extensive market survey and reflect market practice for vessels using low sulphur fuel.
SHIPANDBUNKER -Ship We’re ready for 2020, says new physical black sea bunker suppler
by Ship &Bunker news Team, Monday, 4 November 2019
A new physical bunker supplier has entered the Black Sea market, and Millennial Energy says it sees the upcoming IMO2020 sulfur cap as an opportunity to bring more than just compliant fuel to the region.
Shipping Watch – Maersk announces sulfur surcharge on short-term contracts
by Tomas Kristiansen,Friday,1 November 2019
Maersk just informed its customers of the size of its sulphur surcharges on contracts lasting up to three months, after the company calculated the difference between high- and low-sulphur fuel. See the price of the surcharges on five main routes
SHIPANDBUNKER -Feature: Add (Calorific) Value to your Bunker Buying.
by Alok Sharma, Senior Vice President ,Inatech ,Friday,1 November 2019
Buying bunkers should be about more than just price. Particularly now, as alternative fuels and blends are coming onto the market to meet the demands of the post-2020 fuel landscape, it is essential to know what you are putting into your ship’s tanks. What matters is not just the fuel’s quantity and price: its energy content is also important and becoming more so. In response, the traditional way of doing business needs to change, and is changing.
WKZO-U.S. shipping sanctions to dent demand for dirty shipping fuel: Refinitiv
by Noah Browning, Tuesday, 29 October 2019
LONDON (Reuters) – U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result — less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday. The move to blacklist ships from COSCO on Sept. 24 for allegedly ferrying sanctioned Iranian oil will undercut demand for ships’ traditional means of power because a vessel crunch meant fewer docked and attached kit to filter the dirtier fuels.
MARINELINK-ExxonMobil Talks With Teekay Ahead of IMO 2020
by Michelle Howard, Tuesday, 29 October 2019
Starting from January 1, 2020, vessel operators will need to use a compliant fuel, or have a scrubber fitted if they wish to continue burning high-sulphur fuel oil. This ruling does not affect Emission Control Areas (ECAs), where a 0.10% sulphur fuel is still required.
SPLASH-Washwater monitoring: to be or not to be? Tuesday, 29 October 2019
Rivertrace’s Graham North on a vital addendum to the scrubber debate. The global sulphur cap is just around the corner, but of course we all know that. Talk of this hard-hitting, change-inducing regulation has dominated industry airwaves since the culmination of more than 30 years of swirling debate at the IMO came down to the ….
SUNNEWSONLINE-Nigerian shippers to pay more as IMO sulphur deadline draws near Monday, 28 October 2019
As the deadline for the enforcement of the new International Maritime Organisation 2020 Low Sulphur Regulation (LSR), which will force shipping liners to reduce their sulphur emissions by 85 per cent, draws, some foreign shipping companies have started notifying their Nigerian customers that the new fuel regime may jerk up cost of shipping starting from December 1, 2019.
SPLASH-Ships slow down as higher fuel bills loom by Sam Chambers, Monday, 28 October 2019
Ships are slowing down as the global sulphur cap approaches.“ With the premium for VLSFO over HFO currently projected at c.$240/t across 2020, the industry fuel bill is set to rise, and speed again could be critical to the potential mitigation of increased fuel bills,” Clarkson Research Services noted in its most recent weekly report. Average speeds in some sectors are already down in the year to date, containerships by a 2% and bulkers by 1%.
Lloyd’s Loading List – Carriers need to develop greener supply chains to meet IMO 2020 cost by James Baker, Monday, 28 October 2019
With the cost of compliance to new low-sulphur regulations set to top $10bn in the first year alone, box lines need to pass through the expense. But if presented correctly, they could use IMO 2020 to offer differentiated services. More
Marinelink Floating -Storage for IMO 2020 Fuel builds in Asia by Roslan Khasawneh, Friday, 25 October 2019
Stockpiles of low-sulphur marine fuels held in floating storage around the Singapore trading and pricing hub are steadily growing ahead of a 2020 global deadline for rules that have shaken the global oil refining and shipping industries.
SHIP AND BUNKER–Interview: Glander International Bunkering Talks Bunker Traders & IMO2020
by Ship &Bunker news Team, Friday, 25 October 2019
Bunker traders today are not only very much alive and well but responsible for at least a third of global bunker sales, according to data from 2020 Marine Energy. And while it is true that in recent years margins have been heavily eroded and operating conditions far tougher than they were in the traders’ heyday, others see 2020 as just as just another factor driving as a continuous evolution of the bunker trading model.
BUNKERSPOT–EUROPE: Russia reportedly mulling delay in IMO 2020 adoption
Russian authorities may be looking to postpone the full imposition of IMO 2020 sulphur regulations, according to Bloomberg. (Subscription required)