IMO 2020

Charleston’s port prepares for IMO 2020

A new rule that’s bobbing on the horizon is set to come ashore in 2020, requiring container ships that visit Charleston and other port cities around the world to use a cleaner-burning and more expensive fuel.

Ultimately the cost of the shift will be passed down to shippers and consumers. Just how big that price tag is going to be remains uncertain.

For now, the low-sulfur fuel mandate is the talk of the commercial maritime industry.

The international rule is aimed at curbing air pollution that...

http://container-news.com/charleston-port-imo-2020/

Fears of fuel cost rise due to IMO 2020

Concerns are rife that the new shipping policy of the International Maritime Organisation (IMO) will spike the cost of fueling ships to about $70 billion yearly. The 2020 sulphur regulation, which will ban ships from using any marine fuel with sulphur content above 0.5 pct effective January 1, 2020, may impose a heavy burden on owners, as the annual fuel costs for the shipping industry are likely to jump by up to $60 billion, including by $10 billion for the containership sector alone.

As a...

http://container-news.com/fears-fuel-cost-rise-imo-2020/

IMO meeting eliminates doubts over 2020 delay: Fuel for Thought

If any doubts remained that the International Maritime Organization’s tighter sulfur emission limits for ships in 2020 could be delayed or otherwise watered down, those doubts should have been laid to rest at a key committee meeting of the UN body last week.

The IMO’s global marine fuels sulfur limit is set to drop from 3.5% to 0.5% at the start of 2020, forcing ship operators to use cleaner, more expensive alternatives to heavy fuel oil and bringing wide-ranging other consequences for commodity...

http://blogs.platts.com/2018/10/29/imo-meeting-eliminates-doubts-over-2020-delay-fuel-for-thought/

Trump administration may struggle to obstruct IMO 2020

The International Maritime Organization is much like the large commercial ships it regulates in one respect: while slow to get moving in the first place, it can be difficult to stop once its inertia has been overcome.

This is the problem the US delegation at the UN body may face at a key meeting being held October 22-26, if it seeks to put obstacles in the way of tighter marine fuel sulfur emission limits.

The IMO’s global sulfur cap is due to drop from 3.5% to 0.5% at the start of 2020, with...

http://blogs.platts.com/2018/10/19/trump-administration-may-struggle-to-obstruct-imo-2020/

Hapag-Lloyd to use MFR mechanism for IMO 2020 cost

Environmental regulation and costs from low-sulphur fuel represent a major challenge / New Marine Fuel Recovery (MFR) allows causal, transparent and easy-to-understand calculation of fuel oil costs

With a stricter International Maritime Organisation emissions regulation (IMO 2020) coming into force as of 1 January 2020, the new sulphur cap for compliant fuel oil will be lowered from 3.5% to 0.5%. This new regulation will significantly improve the ecological footprint of the shipping industry,...

http://container-news.com/hapag-lloyf-mfr-mechanism-imo-2020-cost/

Will 2020 be a game changer for bunker credit?

The twin pressures of tough financial times for the shipping industry and the likelihood of more expensive fuel in 2020 are bringing the issue of bunker fuel bills into focus for the industry.

Many shipowners and operators have gone through difficult times since the global economic crash of 2008. There have been numerous bankruptcies, heavy losses, and the revaluation of assets on balance sheets across the industry.

This has not just affected small companies. Perhaps the most prominent failure of...

http://blogs.platts.com/2018/09/14/2020-game-changer-bunker-credit/

Could IMO 2020 sulfur cap be subject to law of unintended consequences?

The International Maritime Organization’s 2020 global 0.5% marine sulfur cap is an act of stewardship to protect the planet and human health for generations to come, but the supply and demand imbalances created by the cap encapsulate the law of unintended consequences.

The new sulfur cap is expected to displace around 3 million b/d of high sulfur fuel oil, according to S&P Global Platts Analytics. While the 2020 sulfur cap will endeavor to protect the marine environment and human health in an...

http://blogs.platts.com/2018/09/12/imo-2020-sulfur-cap/

Asia bunkering industry preparing for IMO 2020 sulfur deadline: Fuel for Thought

From Cosco in China to Posco in South Korea, Asian companies are pouring in millions of dollars to upgrade their shipping fleets as the International Maritime Organization’s deadline for cleaner bunker fuels inches closer.

With less than 16 months remaining, the global shipping industry is setting aside about $60 billion to obtain the right infrastructure in order to embrace cleaner shipping fuel.

The IMO’s global fuel sulfur cap is set to drop from 3.5% to 0.5% at the start of 2020, forcing...

http://blogs.platts.com/2018/09/10/asia-bunker-industry-imo-2020-sulfur-deadline/

The great scrubber conundrum

It’s been six months since my last 2020 dispatch. Since then, I’ve spent time at major industry gatherings in London (IP week) and Athens (Posidonia) and yet I’m just as uncertain about 2020 as I was then. My only comfort is that judging by my numerous conversations at Posidonia, I’m far from alone.

By now, anyone remotely involved in shipping should know about the importance of January 1, 2020 — the date environmental restrictions on sulfur content in bunker fuel come into effect. Some still...

http://blogs.platts.com/2018/06/19/great-scrubber-conundrum/

Uncertainty looms over marine fuel sulfur limit: Fuel for Thought

In about 20 months, the shipping industry is going to start burning a fuel that today they know next to nothing about.

The International Maritime Organization has set a January 2020 deadline for a new 0.5% sulfur limit on marine fuels. The move is poised to force most shipowners to switch from burning residual fuel oil to a new, unfamiliar, less-sulfurous product.

A study by CE Delft, commissioned by the IMO in 2016 before it decided to cap the sulfur limit, shows demand for less-than 0.5% sulfur...

http://blogs.platts.com/2018/04/02/uncertainty-looms-marine-fuel-sulfur-limit/

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