Shipping Watch: Container rates soar ahead of 2020
Container rates increased 9 percent last week, show data from the SCFI. Jefferies says scrubber retrofits and new bunker surcharges inflate rates, while SeaIntelligence Consulting CEO Lars Jensen mainly sees effects tied to preparations up to 2020. More https://shippingwatch.com/secure/carriers/Container/article11795129.ece (subscription needed)
Maritime Executive: Nautilus: Mariners Risk Criminal Charges for IMO2020 Noncompliance
Mariners’ union Nautilus International is concerned that the new IMO 2020 sulfur regulations could lead to criminal penalties for officers in the event of non-compliance, and it has called on vessel operators to ensure high levels of training and preparation in advance of the impending switchover. More https://www.maritime-executive.com/article/nautilus-mariners-risk-criminal-charges-for-imo2020-noncompliance
Tradewinds: Problems with global sulphur cap still linger, Greece warns
Greece, one of the most influential voices in the IMO, has warned that shipping is not yet ready for the global 0.5% sulphur cap, which is set to take effect next month. “A month before the implementation, availability, compatibility, safety and quality issues of the new fuels have not been resolved yet,” Greek Shipping Minister Yiannis Plakiotakis said at the 19th Navigator Conference.
Safety4Sea: The second SAFETY4SEA Singapore Forum was successfully concluded on Wednesday 14th of November 2019 at Marina Bay Sands Expo & Convention Center, Singapore, attracting 250 delegates from 120 organizations.
Mr. Nick Makar, Senior Vice President, Maritime Administration / Regulatory Affairs, International Registries (Far East) Limited discussed the existing regulatory framework for the enforcement of air emission standards under MARPOL Annex VI, and looked at the various measures incorporated into national maritime policies for achieving 2020 compliance. Watch the presentation
Hong Kong Daily News – full article below http://www.shippingazette.com/:
Maersk to sack 200 in face of 25pc fuel price hike result of UN edict
THE world’s biggest shipping company, AP Moller-Maersk, will lay off some 200 people to cut costs as it faces a 25 per cent higher fuel costs because of a United Nations mandate to cut sulphur emissions, reports the Wall Street Journal.
“We have announced internally the need to save cost in our head office functions and that it will also lead to reductions both in and outside Denmark,” a Maersk spokesman said.
Sources say jobs will be cut at the company’s headquarters in Copenhagen and at Hamburg Sud, the German container operator that Maersk bought in 2017.
Maersk is to focus more end-to-end logistics, warehousing and customs clearance. “Maersk needs to build up our non-ocean services and this will affect ocean services,” one person familiar with the plan said.
This source said there are overlaps in jobs at the information technology department following the merger with Hamburg Sud, which originally saw its workforce cut by 200 people to around 900 after Maersk’s takeover.
Maersk employs 75,000 people in more than 120 countries. The parent company this month reported a net profit of US$520 million in the third quarter, up 30 per cent year on year.
Ship and Bunker – 3 articles:
IMO 2020 the “Perfect Storm” for Litigators
The new cap will put a lot more focus on what has happened to the bunkers onboard, says Hill Dickinson Partner, Beth Bradley. Read in Full https://shipandbunker.com/news/world/256137-imo-2020-the-perfect-storm-for-litigators
IMO2020 Fuel Switch ‘Done by December 10’
Shipowner expects distillate demand to be buoyand over short term. Read in Full
New Report Provides Insight into the World’s Top 10 Bunker Suppliers for 2020. The new report has been jointly produced by Ship & Bunker and SeaCred.
Bunkerspot: OilChart ‘positioned and ready’ to meet IMO 2020 fuel demand
The group says it can supply all IMO 2020-compliant fuels and is also offering a buy back scheme for remaining high sulphur fuel oil on board vessels as the end of the year approaches. More https://www.bunkerspot.com/europe/49492-europe-oilchart-positioned-and-ready-to-meet-imo-2020-fuel-demand
DREWRY PUBLISHES FIRST LOW-SULPHUR BAF REFERENCE PRICE
With the new IMO 2020 start-date now less than a month away, maritime consultancy Drewry has published its first low-sulphur reference bunker index tracker.
The new index will be updated quarterly. Philip Damas, head of Drewry Supply Chain Advisors, commented: ‘Our new low-sulphur bunker price tracker is intended to standardise, clarify and simplify the adjustment of Bunker Adjustment Factors (BAFs) between shippers and carriers or forwarders.
Lloyds List: Bunker tool seeks to standardise low-sulphur charges
As carriers start loading low-sulphur bunkers, they have begun passing on costs to customers. A new index provides a standardisation process. Confusion and concern remain about the timing and transparency of carriers’ low-sulphur cost recovery mechanisms. More https://lloydslist.maritimeintelligence.informa.com/LL1130260/Bunker-tool-seeks-to-standardise-lowsulphur-charges subscription required
Safety4Sea: 2020 sulphur cap: Litigators to face storms of fuel-compliance issues
Although the shipping industry has been preparing for the upcoming 2020 sulphur cap, international maritime law specialist Hill Dickinson comments that it will be a challenging period for litigators as they will have to deal with disputes between owners, charterers and bunker suppliers in cases of non-compliance
S&P Global Platts: Nigeria’s low-sulfur Egina crude sees IMO 2020 boost
Nigeria’s Egina crude has seen values rise as its low-sulfur qualities make it attractive to refiners ahead of the International Maritime Organization’s stricter 0.5% sulfur cap on marine fuel coming into force from January 1, sources said. https://www.bunkerworld.com/news/155902 subscription required
Gazprom Neft plans launch of distillate-based 0.5% fuel in 2020
Russian oil major Gazprom Neft plans to supply 0.5% sulfur marine fuel from its Omsk refinery in 2020, company officials said in an interview on the company’s website. https://www.bunkerworld.com/news/155911 subscription required
Lloyd’s List: The Interview: Hugo De Stoop
Mr De Stoop leads one of the largest crude oil tanker companies in the world. Over the past couple of years, Euronav has positioned itself as an environmentally conscious company that wants to help the wider industry combat its emissions. Mr De Stoop talks to Lloyd’s List about what the future has in store and what the company learned in preparing for the global sulphur cap. https://lloydslist.maritimeintelligence.informa.com/LL1130267/The-Interview-Hugo-De-Stoop
Handy Shipping Guide
Maritime Advisory Group Introduces Low Sulphur Fuel Index Tracker
Variable Bunker Costs Post Cap Addressed
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, maritime advisory, statistics and research group Drewry has published its first low-sulphur reference bunker index tracker.
Drewry says that in recent months, both shippers and forwarders have expressed confusion and concern over the timing and transparency of the new charges being introduced by carriers as they transition from IFO 380 (intermediate fuel oil) to the new, low-sulphur fuel standard. Others have complained about what they consider unfair Bunker Adjustment Factor (BAF) charges.
Drewry’s new low-sulphur BAF index, which will be updated quarterly, provides a simple indexing mechanism to help determine changes in BAF charges during the lifetime of a contract. http://www.handyshippingguide.com/shipping-news/maritime-advisory-group-introduces-low-sulphur-fuel-index-tracker_12521