Japanese shipowner K Line is set to use a variety of methods including low sulphur fuel and scrubbers to comply with the IMO's 0.5% global sulphur cap in 2020.
The global sulphur cap is starting to look like an opportunity for the shipping market to finally push through some reasonable freight rate increases, judging from the undercurrents at the Ince & Co business briefing on IMO regulation that kicks in on 1 January 2020.
British freight forwarders and logistics companies are up in arms over container line sulphur surcharges ahead of the 2020 sulphur cap describing them as “blatant profiteering”.
The International Chamber of Shipping (ICS) has launched a free guide to preparing for the 2020 Sulphur Cap and using compliant fuels.
Maersk Line rolling out a new Bunker Adjustment Factor (BAF) designed to recover increases in fuel related costs from the 2020 0.5% sulphur cap which could exceed $2bn for the container shipping company alone.
Tanker owner Odfjell is set to use low sulphur fuel rather than install scrubber to comply with the IMO’s 2020 0.5% low sulphur fuel cap.
DFDS is investing DKK300m ($46.8m) to equip its fleet of 12 freight ferries in the Meditteranean with scrubbers.
Despite Maersk Line's stance that sulphur should be removed from marine fuel at the refining stage, the Danish shipping giant is going to install scrubbers on a limited number of vessels.
Some 200 senior shipping figures from around the globe attended an evening reception at London’s Somerset House to wish a well-deserved and happy retirement to Peter Hinchliffe, who stood down from his position as secretary general of the International Chamber of Shipping (ICS) over the summer.