Oil major BP has announced that it will begin to sell very low sulphur fuel oil (VLSFO) with a maximum sulphur content of 0.5% that meets the upcoming IMO 2020 regulation, following successful sea trials in the Amsterdam/Rotterdam/Antwerp (ARA) and Singapore hubs.
Greek containership owner Euroseas plans to burn low sulphur fuels to comply with the IMO 2020 0.5% sulphur cap.
Against a backdrop of a gloomy outlook for container trades Bimco analyst Peter Sand warns a failure by lines to pass increased fuel costs from the IMO 2020 sulphur cap could result in bankruptcies.
The scale of the challenge facing ship operators as they prepare bunker tanks for new low-sulphur fuels ahead of the IMO’s 2020 sulphur cap may have been underestimated, according to some marine fuel experts.
London-based Greek shipowners have urged the IMO to bring together oil companies, marine equipment makers and classification societies to guarantee fuels created to comply with 2020 environmental rules do not damage engines and cause accidents.
Last week’s announcement by the Maritime & Port Authority of Singapore (MPA) that it would ban open-loop scrubbers from its port waters from 1 January 2020 when IMO’s 0.5% global sulphur cap comes into force has set the cat among the pigeons for a growing number of owners opting to for exhaust gas cleaning for compliance with the regulation.
The world’s busiest port Singapore is to ban the use of open-loop scrubbers in its waters and ships will have to use compliant fuel once the IMO 2020 sulphur cap comes into force.
For suppliers facing the SOx scrubber boom, production shortcuts can be tempting. But you will rely on your SOx scrubbers throughout the vessel lifetime, so there’s no room for compromises on materials or quality.
Hapag-Lloyd is the latest major container line to announce a fuel charge to cover the costs of using compliant low sulphur fuel for the 2020 sulphur cap.