With the IMO 2020 regulation just round the corner, shipowners are mostly catching up on understanding fuel compatibility and operational issues, but the equally important legal aspects have been largely left unsaid.
An estimated 860,000 barrels per day (bpd) of bunker fuel demand will not be in compliant with the 0.5% sulphur content cap regulation set to be enforced from 2020, according to energy research consultant Rystad Energy.
Japan’s ClassNK has come out in support of the IMO 2020 regulation by developing a guidance on the use of 0.5% fuels and a sample implementation plan for switching to compliant fuels.
Twelve largest containerships at 23,000 teu ordered by Hyundai Merchant Marine (HMM) will be fitted with scrubbers, ahead of their expected deliveries in the second quarter of 2020.
UAE-based GP Global will make 0.5% sulphur content bunker fuel available from April this year to major ports including Fujairah, Singapore and the ARA region, in response to the upcoming IMO 2020 regulation.
Stena Bulk has invested $55m to retrofit scrubbers to 16 oil tankers, with the installation work planned for completion before January 2020 to comply with the IMO fuel sulphur cap regulation.
Oil major ExxonMobil has announced that it will make IMO 2020 compliant low sulphur fuels available by the third quarter of 2019.
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.