Oil major Chevron has revealed that it will offer the IMO 2020-compliant 0.5% sulphur bunker fuel by the end of the third quarter, reports said.
Shipowners opting to use scrubber technology starting 2020 should be prepared to face mandatory scrubber washwater monitoring, according to water quality monitoring technology firm Rivertrace.
The business case for retrofitting scrubbers will eventually “disappear” as the price spread between high sulphur fuel oil (HSFO) and low sulphur fuel oil (LSFO) will keep on narrowing, according to Drewry Maritime Research.
As much as 16% of the global containership fleet by vessel count and 35.7% in terms of capacity have been equipped with scrubbers as at end-May, seven months ahead of the implementation of the IMO 2020 regulation, according to Alphaliner data.
France’s Total is readying to make 0.5% sulphur content fuels available at major bunkering ports from the fourth quarter of this year ahead of the IMO 2020 regulation, and the state oil firm is projecting a gradual global uptake of LNG as a marine fuel.
UAE-based Brooge Petroleum and Gas Investment Co (BPGIC) has unveiled a plan to build a 250,000-barrels per day (bpd) capacity refinery to produce IMO 2020-compliant bunker fuel in Fujairah.
With the IMO 2020 implementation day approaching, oil major Shell announced that it has carried out 19 successful trials of its very low sulphur fuel oil (VLSFO) at key ports globally.
Brazilian state oil firm Petrobras has produced and supplied its first batch of IMO 2020-compliant bunker fuels of 0.34% sulphur content, it has been reported.
With the IMO 2020 regulation just round the corner, shipowners are mostly catching up on understanding fuel compatibility and operational issues, but the equally important legal aspects have been largely left unsaid.