The clock is ticking towards the 0.5% sulphur cap and although this is about to become effective globally in less than 18 months from today, the route to compliance remains challenging.
1 Fuel availability in 2020 (refining capacity)
2 Fuel safety onboard ships;
3 Fuel price (achieve cost-effective compliance);
4 Global enforcement outside ECAs ;
5 PSC and violation penalties / Global enforcement regime;
6 Fuel quality and compliance with ISO 8217 standard;
7 Uncertainty on the cost of existing fuels in 2020 and market impact towards the next 10 years;
8 Upfront investment vs long term savings for operators given the lack of certainty;
9 Operational complexity of the fuels and technologies to comply with requirements;
10 Possible changes in the regulatory landscape.
IMO’s Ship Plan for Global Sulphur Cap
An IMO working group meeting has developed a ship implementation plan (SIP) supported by information documents as part of the work to provide guidance on preparatory and transitional issues leading up the 0.50% sulphur limit for marine fuels from 1 January 2020.
It was agreed ahead of the intersessional working group (ISWG) meeting of the Sub-Committee on Pollution Prevention and Response (PPR) last week, tasked with developing guidelines to support the consistent implementation of the 2020 sulphur limit, that these aspects needed to fast-tracked so they can be approved by the IMO’s Marine Environment Protection Committee (MEPC) in October this year.
Read the full article here