In June the shipping world will in it sixth month of grappling with new environmental regulations and Posidonia 2020 shipping exhibition will be the ideal place to assess the impact low sulphur regulations implementation have had.
While the economics of scrubbers have proved to be extremely healthy in the first month of IMO 2020 the price and supply picture for heavy fuel oil (HFO) could become more uncertain over time according to leading bunker supplier Monjasa.
DHT Holdings has saved $14.6m in bunkering from fitting scrubbers on 12 of its vessels to comply with IMO 2020, but six more retrofits face delays of an uncertain length due to the impact of the coronavirus on Chinese yards.
Issues relating to the decarbonisation of shipping and new environmental regulations top the issues of concern of over half of Seatrade Maritime News readers, but surprisingly cyber security ranks highly for few.
As questions are raised about the environmental impact of very low sulphur fuels that comply with the IMO 2020 regulation some Greek shipping executives believe that LNG or even nuclear power would be a cleaner option for the future.