Scorpio Bulkers, which along with sister company Scorpio Tankers, has taken a major bet on scrubbers to comply with the IMO’s 2020 low sulphur regulations is assuming a price spread of $250 per tonne between high and low sulphur fuel once the limit is in force.
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.
The Port of Fujairah has become the latest major port to ban the use of open-loop scrubbers in its waters.
Bunker supplier Monjasa is bringing the Panama-flagged- 2010-built and 8,800 dwt tanker, Accra, to complement its Panama Canal bunker fleet.
Global fuel testing firm Veritas Petroleum Services (VPS) has introduced a new service in light of last year’s increased fuel quality cases as the industry approaches the IMO 2020 global fuel sulphur regulation.
Intercontinental Exchange, Inc. (ICE) is planning to launch a new marine fuel 0.5% futures contracts early next year in advance of IMO’s global 0.5% sulphur cap regulation from 2020.
The world’s largest LNG bunkering vessel owned by Babcock Schulte Energy has started operations in Northwest Europe under charter to the Blue LNG joint venture.