Tag: 2020

Japan proves 2020-ready with successful fuel trial
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Japan proves 2020-ready with successful fuel trial

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced that trials carried out on new bunker fuels to meet the IMO’s 2020 global sulphur cap ran smoothly, with no operational issues encountered. Fuels with less than 0.5 per cent sulphur content were tested on coastal vessels comprising steel materials and cement carriers that...

Visser Shipping secures scrubbers for 2020
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Visser Shipping secures scrubbers for 2020

Dutch shipping company Visser Shipping has signed a contract to outfit three of its 9.0 MW containerships with a new scrubber system developed by Value Maritime. The hybrid-ready scrubber is a small prefabricated, pre-installed, “plug and play” system in a 20ft transportable casing, that filters sulphur and ultrafine particulate matter (PM 2.5) from a vessel’s...

ClassNK publishes Ship Implementation Plan sample for 2020 compliance
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ClassNK publishes Ship Implementation Plan sample for 2020 compliance

ClassNK has published an example of a Ship Implementation Plan for achieving compliance with the IMO’s 5 per cent global sulphur cap. The document provides shipping companies with an example of how to implement a plan to show their preparations for compliance with the 2020 sulphur limit. The example plan, which can be viewed from...

CSA raises concerns over EC scrubber proposal
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CSA raises concerns over EC scrubber proposal

The Clean Shipping Alliance 2020 (CSA 2020) has expressed strong concerns about a proposal submitted by the European Commission (EC) urging the IMO to change its scrubber guidelines. The proposal, which the EC submitted to the IMO this month calls for “evaluation and harmonisation” of scrubber discharges across all ports, world-wide. The proposal is intended...

Swedish Club publishes guidance on navigating IMO 2020
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Swedish Club publishes guidance on navigating IMO 2020

The Swedish Club has published advice to help shipowners and operators cope with the challenges of the IMO’s 0.5 per cent sulphur cap, to enter into force January 1, 2020. The Sulphur Guide provides both technical and legal advice and was written in conjunction with Tony Grainger, marine engineer, TMC Marine; Paul Harvey, associate, Ince...

Low demand for ULCV will help supply-demand balance, says Drewry
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Low demand for ULCV will help supply-demand balance, says Drewry

A reduced appetite for ultra large container vessels (ULCV) among the major carriers will benefit the industry’s supply-demand balance, says Simon Heaney, senior manager, container research at Drewry and editor of the Container Forecaster. Heaney confirms that “aside from feeder ship replenishment, there has been no reaction from other lines to HMM’s mega-ship order and...

Financing fuel-efficient shipping
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Financing fuel-efficient shipping

The 2008 financial crisis hit the shipping industry with a cut in available credit and unfavourable freight rates. In the last decade, the top 10 lenders have reduced their shipping loan books by US $50 billion[1], leaving shippers with limited access to capital. Now, oil prices are rising and the IMO 2020 sulphur cap looms,...

VPS launches service in response to 2020 fuel quality issues
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VPS launches service in response to 2020 fuel quality issues

Veritas Petroleum Services (VPS) has launched an ‘Additional Protection Service’ (APS) to help shipping companies navigate issues around 2020 fuel quality. APS will provide clients with information and support in increasing the level of damage prevention and asset protection of their vessels. VPS says that while ISO8217 offers a significant level of protection to fuel...

ICE launches marine fuel contracts for IMO 2020
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ICE launches marine fuel contracts for IMO 2020

Intercontinental Exchange (ICE), operator of global exchanges and clearing houses and provider of data and listings services, has announced plans to launch new marine fuel 0.5 per cent futures contracts ahead of the IMO 2020 global sulphur cap. The new contracts are expected to launch on February 4, 2019, subject to completion of relevant regulatory...

World Fuel Services expands bunker operations in US
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World Fuel Services expands bunker operations in US

World Fuel Services (WFS) has announced a new US-based physical bunker supply operation. WFS in partnership with Harley Marine Companies – Pacific Terminal Services and Olympic Tug and Barge, will offer RMG 380 and MGO 0.1 per cent sulphur by dual product barge from mid-January. WFS will be operational in the Columbia River, servicing Portland...

BIMCO issues two 2020 sulphur clauses
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BIMCO issues two 2020 sulphur clauses

BIMCO has published two sulphur content related bunker clauses relating to the 2020 sulphur fuel cap. The clauses are: BIMCO 2020 Marine Sulphur Content Clause for Time Charter Parties BIMCO 2020 Fuel Transition Clause for Time Charter Parties. They have been developed by a team comprised of owners, charterers, bunker suppliers, P&I clubs and legal...

Eastern Pacific Shipping secures $40m for scrubbers
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Eastern Pacific Shipping secures $40m for scrubbers

Eastern Pacific Shipping (EPS) has secured a US $40 million green loan from BNP Paribas for the purchase and installation of scrubbers on a fleet owned by Quantum Pacific Shipping (QPS). The green loan can only be used for investments that are sustainable and have a positive impact on the environment. The loan was made...