The International Association of Dry Cargo Shipowners (Intercargo) has urged dry cargo owners to prepare their vessels for “landmark changes” in shipping in 2019.
Tanker owner and operator Torm has joined Inatech on an app to tackle the anticipated complex bunkering landscape in shipping post-2020.
Despite assurances from fuel suppliers over the availability of compliant fuel to meet IMO 2020 from 1 January next year, industry executives warn that logistics will be a mess and the majority of smaller bunkering ports will not have low sulphur fuel.
Another analyst has warned of impending financial doom for container lines if they fail to recoup the additional costs of meeting the IMO 2020 0.5% sulphur cap.
The International Chamber of Shipping (ICS) has warned that shipowners issued with a Fuel Oil Non Availability Report (FONAR) do not mean they have a ‘free pass’ to use non-compliant bunker fuel from 2020.
With just a small percentage of ships fitting scrubbers owners are warned they will need secure availability of high sulphur fuel oil (HFO) in 2020 as the supply chain will be geared to delivering compliant low sulphur fuel oil (LFSO).
The hype around the use of open-loop scrubbers is risking the loss of focus on key issues of human health and the environment, the Exhaust Gas Cleaning Systems Association (EGCSA) has said.
The UAE port of Fujairah has made 0.5% low sulphur bunker fuel available this month, well ahead of the IMO 2020 global fuel sulphur cap.
Investment bank Goldman Sachs has advised shipowners who have installed scrubbers to their vessels to avoid hedging their fuel requirements in 2020 so as to maximise savings.