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Braemar ACM ups expected compliance with IMO 2020 to 90% globallyBraemar ACM ups expected compliance with IMO 2020 to 90% globally

Braemar ACM Shipbroking has upped the level of compliance it expects from shipping globally with the IMO 2020 regulation to 90%.

Marcus Hand, Editor

November 6, 2019

1 Min Read
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Speaking at seminar by scrubber manufacturer Clean Marine in Singapore, Anoop Singh, regional head tanker research (East of Suez) said at the start of the year it had expected non-compliance with the IMO 2020 sulphur cap to be around 20%, but it has now changed this forecast to a level of 10%.

Singh noted it was unusual for the shipbroker to change its view and that was, “Kind of symptomatic of how the industry is still unsure exactly how IMO 2020 will take shape”.

Breaking down the reason for its more positive outlook on global compliance with IMO 2020 he said. “We’ve increased our view of the volume very low sulphur fuel that will be consumed by shipping in 2020 and beyond.”

In terms of bunkers are sold Braemer sees that around 70% of marine fuel volumes are sold in areas were compliance with IMO regulations is relatively robust, and the broker has allocated a 95% compliance level to these regions.

“We thought in other parts of the world parts of Southeast Asia, parts of Africa, and parts of Latin America we were anticipating 50% compliance, we’ve increased our view to 75%. So that gives us our view on 90% aggregate compliance,” Singh explained.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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