How The Implementation In IMO 2020 Affected the Maritime Industry

Investigating marine fuel trends, quality, and operational issues the marine industry has faced since the implementation of IMO 2020, reports Seatrade Maritime News.

The Sulphur cap

Since January 2020, the global cap on sulphur content in marine fuels was introduced through the IMO 2020 regulations.

While one cannot deny the benefits in reducing sulphur content of marine fuels, the impact of these regulations and the changes they bring to the marine fuels and shipping industry has brought...

https://mfame.guru/how-the-implementation-in-imo-2020-effected-the-maritime-industry/

Port Authorities ‘Flexible’ With Marginal Sulphur Breach

  • Port state control authorities are lenient when confronted with cases of marginal non-compliance with the 0.50% sulfur cap.
  • While the law does not set out details on how to handle cases where fuel is tested at just over the 0.50% limit, the authorities appear not to be pursuing these cases.

Port state control authorities (PSCs) are largely showing flexibility when confronted with cases of marginal non-compliance with the 0.50% sulfur cap, reports Ship & Bunker.  Singapore-based law firm Rajah...

https://mfame.guru/port-authorities-flexible-with-marginal-sulphur-breach/

COVID19 Turned IMO 2020 Fuel Issues Into Y2K of Global Shipping

bulk ship with scrubbers

Recently Freight Waves spoke to  Richard Joswick, head of oil pricing, refining, and trade flow analytics at S&P Global Platts as they analyzed Clarkson data regarding IMO 2020 and scrubbers impact and the result was some stunning insights on how the maritime industry has adapted to the change. Today, we are going to highlight that story as written by Freight Waves, Senior Editor, Greg Miller.

What was supposed to happen?

On Jan. 1, the IMO 2020 rule required all ships to switch from 3.5% sulfur...

https://mfame.guru/covid19-turned-imo-2020-fuel-issues-into-y2k-of-global-shipping/

BunkerTrace- A Turn-Key Solution For Tracking Marine Fuels 

  • The shipping industry is looking to innovate in alternative fuels to ensure its compliance with future IMO regulations.
  •  Many shipping companies are intensifying their GHG initiatives with more collaborations happening across the industry.
  • Blockchain- key player in enabling collaboration and providing assurances.
  • BunkerTrace consists of a combination of blockchain and synthetic DNA and ensures accurate reporting and authenticity of fuels.
  • BunkerTrace to play a vital role in steering the...

https://mfame.guru/bunkertrace-a-turn-key-solution-for-tracking-marine-fuels/

Upcoming Environmental Regulations & Challenges for Shipowners

  • Apart from the regulations in place to achieve GHG reduction targets, there are more regulatory hurdles to be considered. 
  • Environmental issues and a number of stricter local regulation contribute to increased complexity.

The maritime industry is facing several upcoming environmental regulations, in addition to the regulations designed to support the IMO’s greenhouse gas (GHG) reduction targets, says an article published in DNV-GL website.

What adds to the complexity?

Apart from the regulations...

https://mfame.guru/upcoming-environmental-regulations-challenges-for-shipowners/

How IMO 2020 Regulations Are Faring Amid COVID-19?

  • The supply of VLSFO has proven more than adequate amid COVID-19.
  • Call on marine gasoil (MGO) as an expensive alternative has been less than expected.
  • Refiners have adjusted their crude sales and changed their blend component pools.
  • The use of marine gasoil in engines has not increased as rapidly.
  • This is attributed to the fact that ship engineers think in terms of volume rather than the energy content.
  • Competition for low sulphur heavy gasoil and waxy streams has increased.
  • The price of solar...

https://mfame.guru/how-imo-2020-regulations-are-faring-amid-covid-19/

New Survey Shows VLSFO Fuel Switch ‘Has Not Been Easy’

  • In a survey carried out by BIMCO, ICS, INTERCARGO and INTERTANKO, respondents said that LSFO had been de-bunkered as a consequence of 0.50% sulphur fuel oil properties.
  • The survey focused on the incidence of problematic properties of IMO 2020-compliant fuel oil that could lead to operational or other issues.
  • The survey was aimed at shore-based personnel, not ships’ crews, and 192 responses were submitted.

BIMCO, on Wednesday (19 August) published the results of an industry wide survey it...

https://mfame.guru/new-survey-shows-vlsfo-fuel-switch-has-not-been-easy/

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