Sulphur Cap

Preparations, Flexibility, Timely Action – The Key To Smooth IMO 2020 Transition

According to Peter M. Grunwaldt, the Vice President of Hafnia Bunkers, there are three pivotal steps that could change the course of IMO 2020 regulation and make way for smooth implementation.

During late 2019, the maritime industry was gearing up to IMO 2020. The logistical complexity and financial repercussions were going to be huge. While living and working through this step change, Hafnia Bunkers found that preparation, flexibility and timing were all essential for a smooth, efficient...

https://mfame.guru/preparations-flexibility-timely-action-the-key-to-smooth-imo-2020-transition/

Switch To IMO 2020 Fuels, So Far, So Good?

  • The much-feared spectre of widespread problems for ships consuming new VLSFO blends since the start of IMO 2020 has, so far, failed to materialize.
  • The shipping industry has largely experienced a smooth sailing six months into the implementation of IMO 2020.
  • Crew proficiency and adequate crew training are important in order for vessels to pinpoint issues, do proper reporting and make contingency plans.

Shipping coping well with IMO 2020, but dispute cases may rise, writes Lee Hong Liang for...

https://mfame.guru/switch-to-imo-2020-fuels-so-far-so-good/

Risks Extremely High for Non-compliance, Warns Experts from Wärtsilä

More than 90% of the global vessel fleet rely on sulphur cap-compliant fuels after the implementation of global sulphur cap, while the remaining lines choose to invest in different technologies and operational investments such as scrubbers, says an article published in Wärtsilä website.

Environmental impact

As more industries acknowledge the role of climate change in economic growth and labour productivity, entire segments of the economy are taking steps to limit their environmental impact. 

Mariti...

https://mfame.guru/risks-extremely-high-for-non-compliance-warns-experts-from-wartsila/

Choose the Right Monitoring Technology for Environmental Compliance!

Market leading maker of smart water quality monitoring equipment Rivertrace warns that environmental compliance is at risk from poor choice of monitoring technologies, says an article published in Nafsgreen.gr.

New white paper published

Rivertrace, in a new white paper published, advises ship owners with a choice between several different sensor technologies suited to specific applications.

Why is Oil-in-water monitoring needed?

Oil-in-water monitoring on ships is needed to comply with MARPOL...

https://mfame.guru/choose-the-right-monitoring-technology-for-environmental-compliance/

Cargo Vessel Arrested Under Maritime Law!

  • A cargo ship was intercepted in the Inner Harbour fairway for crashing into the Governador Nobre de Carvalho Bridge early last month.
  • A DSAMA vessel went to the area to take the crew of the cargo ship into custody for questioning about last month’s incident.
  • The bureau urged all vessels to strictly abide by Macau’s maritime regulations.

According to a statement from the Marine and Water Bureau (DSAMA), a cargo ship was intercepted in the Inner Harbour fairway, on the morning of April 19, for...

http://mfame.guru/cargo-vessel-arrested-under-maritime-law/

Carriers Unable To Makeup 2020 Costs As Complicated Surcharges Keep Customers Away!

Shipping is in doldrums not only because of the coronavirus effect but also because of the carriers’ inability to deal with 2020 rising costs, reports LoadStar’s Mike Wackett.

Unable To Pass On Cost

Notwithstanding the significant impact to the bottom line of ocean carriers from the coronavirus outbreak, it is also becoming increasingly apparent that they have failed to pass on all of the extra cost of IMO 2020 cleaner fuel legislation to their customers.

Fault in Surcharges Mechanism

According to...

http://mfame.guru/carriers-unable-to-makeup-2020-costs-as-complicated-surcharges-keep-customers-away/

Νέος παίκτης στην αγορά του VLSFO

Τον Ιούνιο του 2019, η πορτογαλική εταιρεία παραγωγής πετρελαίου Galp είχε ανακοινώσει την πρόθεσή της για την παραγωγή ναυτιλιακών καυσίμων με χαμηλή περιεκτικότητα σε θείο (VLSFO). Στόχος της εταιρείας ήταν ‒και είναι‒ να παραμείνει ανταγωνιστική μετά την εφαρμογή των νέων κανονισμών για τα ναυτιλιακά καύσιμα του IMO, που τέθηκαν σε εφαρμογή από την αρχή του νέου έτους. Τελικά, τον Νοέμβριο του 2019, και με τη δοκιμή του νέου της καυσίμου να είναι επιτυχημένη, ανακοίνωσε την έναρξη διάθεσης...

https://www.naftikachronika.gr/2020/02/27/neos-paiktis-stin-agora-tou-vlsfo/

China To Revert Sulphur Cap Implementation To Counter Coronavirus Impact!

  • China may delay 2020 implementation in order to counter coronavirus impact
  • Chinese shipping association calls for this technical adjustment for a few months
  • Not all are convinced as the government fears the country may lose face at the global forum
  • China’s LSFO advantage can be affected by this.
  • Major Chinese oil giants fear that they will lose the LSFO demand race.
  • The final decision on sulphur cap and other measures like tax cuts and subsidies will be taken by next week.
According to an...

https://mfame.guru/china-to-revert-sulphur-cap-implementation-to-counter-coronavirus-impact/

CRU: Global Sulphur Cap Leads To Higher Freight Rates

  • The new sulphur cap rule under the recently implemented IMO 2020 will push freight rates up by around 10-20%, says CRU.
  • CRU estimates that 20-25% of the larger Capesize vessels will have scrubbers fitted by end 2020.
  • They consider only the difference in freight rates as the variable that will determine the optimal pay-off period.
  • The IMO regulation will limit sulphur emissions and therefore requires shipowners to consider the options available to comply. Fuel blending will be key to achieving...

http://mfame.guru/cru-global-sulphur-cap-leads-to-higher-freight-rates/

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