IMO 2020 SULPHUR CAP

HSFO Sales Up 47.2% From Q1 2020

In the first quarter of 2021, high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub, data from BIMCO shows.

HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes.

IMO 2020 Sulphur Cap

This is, however, still less than a third of high-sulphur fuel sales in Q1 2019, before the IMO 2020 Sulphur Cap came into force.

The 1 million tonne increase in HSFO sales exceeded the fall in low-sulphur fuel oil...

https://mfame.guru/hsfo-sales-up-47-2-from-q1-2020/

US Criminal Sanction Looms for MARPOL Annex VI Regulations Violators!

A recently published Safety4Sea article talks about the predictions by Mr. George A. Gaitas, regarding what owners should expect in the US in the enforcement of MARPOL Annex VI regulations after Jan 1st of 2020.

Here’s an excerpt from it.

Will Criminal Sanctions be Enforced?

Mr. George A. Gaitas, Attorney and Partner, Gaitas & Chalos, P.C, shares his predictions regarding what owners should expect in the US in the enforcement of MARPOL Annex VI regulations after Jan 1st of 2020 and, specifically,...

https://mfame.guru/us-criminal-sanction-looms-for-marpol-annex-vi-regulations-violators/

Scrubber Equipped VLCCs Will Benefit from Sulphur Cap

New sulphur regulations from 2020 is expected to get significantly more expensive for charterers to transport crude oil and petroleum products across the ocean, says an article published in Poten & Partners website.

Scrubber-fitted ships 

Charterers, who will get to choose from scrubber-fitted ships and those running on compliant low sulphur fuels, are expected to foot the majority of these costs.

Poten & Partners in their latest tanker report say that, charterers of VLCC opting for MGO to comply...

http://mfame.guru/scrubber-equipped-vlccs-will-benefit-from-sulphur-cap/

Australian Heavy Sweet Crude Premium Dips from Record High

  • Demand for the oil used in fuel oil blending has slowed, causing spot premium for Australian Van Gogh crude oil for loading in October drop this week.
  • Australian producer Santos sold a 300,000-barrel cargo of the heavy, low-sulphur, or sweet, grade for loading on Oct. 3-7 to Japanese trader Mitsui & Co at $8 a barrel.
  • A September-loading Van Gogh crude cargo was traded at a premium of more than $12 a barrel, the highest premium recorded for the grade.
  • Van Gogh Crude are called heavy sweet as...

http://mfame.guru/australian-heavy-sweet-crude-premium-dips-from-record-high/

‘Not Enforcing IMO 2020’ Takes Over Countries While Loopholes Stares

The flaws and the problem areas in the IMO 2020 sulphur regulation is becoming clearer as we are fast approaching the deadline and smaller but significant countries have found ways to disown. A Sea News report chronicles this at a time when Reuters have reported that Indonesia will not enforce IMO low-sulphur fuel rules for its domestic fleet.

Here’s an excerpt from that article. 

The Indonesian Stand 

Indonesia will not enforce new global rules mandating low-sulphur marine fuels on its domestic...

http://mfame.guru/not-enforcing-imo-2020-takes-over-countries-while-loopholes-stares/

NYK Orders Energy-Saving Bulker from JMU

NYK Line has approached compatriot Japan Marine United Corporation (JMU) to construct a next-generation, scrubber-fitted bulk carrier on the back of a long term charter contract with JFE Steel Corporation, reports Seatrade Maritime News.

Newbuild for iron ore trade

The 211,000 dwt capesize bulk carrier will be delivered in 2021. Financial details of the newbuild were not disclosed.

NYK said the newbuild will be used for trading iron ore and coking coal in and around the Pacific.

Compliant with...

http://mfame.guru/nyk-orders-energy-saving-bulker-from-jmu/

Current Futures Prices and Refiner Processing Options

Shipping industry is preparing for tougher sulphur emission rule IMO 2020 implementation in just six months. Shipowners will likely start purchasing IMO 2020-compliant marine fuel for vessels without onboard scrubbers in the next three months. 

An article published in Ship & Bunker provides an update on futures prices in Rotterdam, Singapore, and the U.S. for IMO 2020-related commodities. Assessment of refiners’ options to optimize individual refineries and refining networks are also provided.

Cur...

http://mfame.guru/current-futures-prices-and-refiner-processing-options/

Neptune Installs Scrubbers in Two Vessels Ahead of 2020

The shipping transportation solutions provider Neptune Lines, makes an important investment in scrubbers with 10 units installed until Q1 2020, reports MarineLink.

Scrubber installations

Denmark-based ME Production (MEP), a leader in marine technologies solutions for marine equipment and energy markets will supply the units.

The first two installations were successfully completed in Odessos shipyard in Varna and commissioned shortly after.

Compliant with IMO regulations

Integrating these MEP...

http://mfame.guru/neptune-installs-scrubbers-in-two-vessels-ahead-of-2020/

APL Announce 47.4% Reduction in Carbon Emissions

Following the CMA CGM Group’s reinforcement of  environmental objectives, APL announced a 47.4% reduction in CO2 emissions per container transported per kilometre in 2018, compared to its base level in 2009, reports Sea News.

Data verified by Lloyd’s Register Group

The result follows the Environmental Performance Assessment (EPA) of APL’s 2018 carbon dioxide emission data by the global non-profit organization Business for Social Responsibility’s (BSR’s) Clean Cargo Working Group (CCWG).

The...

http://mfame.guru/apl-announce-47-4-reduction-in-carbon-emissions/

The Real Issues in The Debate Over Scrubbers

With the new sulfur limit coming into force in 2020, ship owners and operators are looking to comply with the regulation, and a debate has ensued over the use of scrubbers, says a press release published on The LoadStar website.

The debate over the use of scrubbers include what are open-loop and closed-loop scrubbers and how harmful are scrubbers to the environment. Here’s an excerpt from it.

The new sulfur regulation

Here’s a quick recap of the new sulfur regulation:

  • In October 2016, the U.N....

http://mfame.guru/the-real-issues-in-the-debate-over-scrubbers/

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