AP Moller - Maersk has moved to ensure a supply of 0.5% low sulphur fuel oil come 2020 with a joint bunkering facility with Vopak in the Port of Rotterdam.
The introduction of the 0.5% low sulphur cap for marine fuels from 2020 is expected to increase losses dues to machinery failures according to insurer QBE.
The International Maritime Organization (IMO) has started a study for a new 0.1% low sulphur emission control area (ECA) in the Mediterranean.
With the deadline for the 0.5% global sulphur cap less than 19 months away and informal poll of shipowners and operators by classification society ABS found that 53% of owners and operators fleets were not ready to meet the regulation.
Physical bunker supplier Bomin has started to offer ultra-low sulphur fuel oil (ULSFO) in the Amsterdam – Rotterdam – Antwerp (ARA) region in Northwest Europe.
The aim of making shipping greener is one that will take many steps to achieve, International Chamber of Shipping (ICS) chairman Esben Poulsson told Seatrade Maritime News.
Analysts at investment bank Morgan Stanley have predicted that crude oil prices could spiral to $90 a barrel by 2020 as the IMO’s 0.5% sulphur cap boosts demand from ship operators for more refined products.
Vincent Wee talks to International Chamber of Shipping (ICS) secretary-general Peter Hinchliffe and chairman Esben Poulsson about the complexities of achieving successful yet cost effective regulations for shipowners.
The upcoming stricter emissions control regulations will be to the advantage of bigger and more strongly capitalized companies such as Pacific Basin Shipping (PacBasin) ceo Mats Berglund said at a media briefing for its first quarter trading update.
Parker Kittiwake has launched an innovative new device which can measure fuel sulphur content as well as various other metrics.