As transpacific ocean carriers approach a new season of contract negotiations with BCOs, supply chain advisors at Drewry are offering advice to help shippers navigate the impact of the new fuel surcharges.
If they are to survive, ocean carriers must be compensated for the extra cost of using low-sulphur fuels, a result of the IMO’s 0.5% sulphur cap regulations which come into force on 1 January 2020.
And several carriers have warned …
heavy fuel oil
Carriers in with a chance of surviving IMO 2020 if they ditch the ‘freebies’
Drewry is expecting “marginally higher contract rates, higher fuel charges and better carrier discipline” this year, with global freight rates up by about 6%.
However, in its 2019 Container Freight Outlook presentation today, for the two major east-west tradelanes, Drewry has evidence of flat new January-December contract rates between Asia and Europe, but anticipates some improvement in transpacific annual contract rates when they are renewed in May.
In regard to capacity management, …
The post
Containership scrapping set to spike as IMO 2020 looms
The containership demolition market is set to rebound this year as owners weed out the oldest and dirtiest vessels from their fleets ahead of the IMO 2020 low-sulphur regulations.
According to London shipbroker Braemar ACM, 10 container vessels have been scrapped so far in 2019, compared with just one ship at the same time a year ago, and a total of only 54 container vessels that were sent to the breakers …
The post Containership scrapping set to spike as IMO 2020 looms appeared first on The...
https://theloadstar.co.uk/containership-scrapping-set-to-spike-as-imo-2020-looms/
MPC sees ‘significant upside’ for scrubber-linked charters
Owners of feeder vessels are set to benefit from “market disruption” ahead of IMO 2020, with a “significant upside” on charter rates for ships fitted with exhaust gas cleaning systems (scrubbers).
Speaking during the MPC Container Ships Q3 earnings call, chief executive Constantin Baack said the company had concluded “favourable” long-term charters for six ships due to be fitted with scrubbers, and was talking with a number of other container lines about …
The post MPC sees ‘significant upside’...
https://theloadstar.co.uk/mpc-sees-significant-upside-scrubber-linked-charters/
Marine Heavy Fuel Oil (HFO) For Ships – Properties, Challenges and Treatment Methods
The basic requirement for any marine engine is to propel a ship or to generate power onboard by using the energy obtained from burning of fuel oil. HFO or heavy fuel oil is the most widely used type of fuels for commercial vessels.
The fuel oil releases energy to rotate the ship propeller or the alternator by burning fuel inside the combustion chamber of the engine or to generate steam inside the boiler.
The amount of heat energy thus released is the specific energy of a fuel and is measured in...
Containership scrapping gathers pace ahead of IMO 2020
In the last 30 days, 23 container vessels have been sold for scrap – nearly half the number sent to breakers’ yards in the past year.
According to data supplied by shipbroker Braemar ACM, so far this year 52 containerships, equating to 94,000 teu, have been sold for demolition, compared with 141, for 398,500 teu, in the same period last year.
A rebound in charter rates, prompted by a shortage of tonnage in the smaller-sized sectors …
The post Containership scrapping gathers pace ahead of IMO 2020
https://theloadstar.co.uk/containership-scrapping-gathers-pace-ahead-imo-2020/
Hapag-Lloyd jumps on the scrubber band wagon before they ‘sell out’
Hapag-Lloyd has belatedly joined the rush to install scrubber technology on its container vessels, ahead of the IMO 2020 0.5% sulphur cap.
Speaking during the carrier’s Capital Markets Day this week, chief operating officer, Anthony Firmin, said that the availability of exhaust gas cleaning systems was now extremely tight.
“If you wanted to order a scrubber today they are sold out,” he said.
He added that the total capacity for scrubber installation was …
The post Hapag-Lloyd jumps on the...
https://theloadstar.co.uk/hapag-lloyd-jumps-scrubber-band-wagon-sell/
Arctic Indigenous Leaders Tell Carnival Corporation: Stop Polluting The Arctic
This morning, a delegation of Arctic Indigenous leaders and marine and environmental experts delivered a petition signed by 104,000 concerned people from countries across Europe and North America, to cruise giant Carnival Corporation at its UK headquarters in Southampton, demanding that it cease burning dirty heavy fuel oil in the Arctic and Subarctic.
At the International Maritime Organization headquarters in London, a gathering of the Marine Environment Protection Committee, MEPC73, will this...
A Glass of Wine – Cost of Switching to Cleaner Fuels in Arctic
It would cost passengers just the price of a glass of wine a day if cruise ships would stop burning HFO in the Arctic.