LOW SULPHUR

Fuel price spread sheds doubt on economic case for scrubbers

Fuel prices vary, of course, but based on the economics put forward in Seatrade Maritime, it looks as if scrubbers may be a poor investment if early assessments of the price spread between high-sulphur bunker fuel and the low-sulphur version are correct. As the article notes, “should the fuel spread drop to just $40, there would be no business case for a 20MW scrubber, while a $100 spread would see …

The post Fuel price spread sheds doubt on economic case for scrubbers appeared first on The...

https://theloadstar.co.uk/fuel-price-range-sheds-doubt-on-economic-case-for-scrubbers/

Shippers claim carriers’ 2020 fuel surcharges are too costly and too early

Shippers remain unconvinced of the justification for the size of the surcharge ocean carriers are proposing to cover the cost of compliance with the IMO’s 2020 0.5% sulphur cap regulations.
One forwarder source told The Loadstar he had already had visits from two of carriers, but was “less than satisfied” with the basis for the new surcharges.
“And they are trying to introduce their new BAFs a year early, despite fuel prices falling at the moment,” …

The post Shippers claim carriers’ 2020 fuel...

https://theloadstar.co.uk/shippers-claim-carriers-2020-fuel-surcharges-costly-early/

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/

CMA CGM sticks to controversial bunker surcharge – and raises the price

CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December.
Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA CGM at $55 per teu.
The charge varied between carriers, for instance Maersk Line’s EBS was $60 per teu, while MSC did not …

The post CMA CGM sticks to controversial bunker surcharge –...

https://theloadstar.co.uk/cma-cgm-sticks-controversial-bunker-surcharge-raises-price/

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/

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