Tag: IMO 2020

Scrubber-fitted vessels the early winners in IMO 2020 transition
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Scrubber-fitted vessels the early winners in IMO 2020 transition

A volatile first half could see big moves in hi-lo price differential but the trend of falling HSFO prices gives the advantage to users of scrubber systems, says Maritime Strategies International. Maritime Strategies International (MSI) has added new functionality to its MSI Horizon data platform to enable users to calculate the earnings premium for scrubber-fitted...

Lack of sulphur surcharge transparency raises market concerns, says Xeneta CEO
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Lack of sulphur surcharge transparency raises market concerns, says Xeneta CEO

CEO of ocean & air freight rate benchmarking and market analytics platform Xeneta has voiced his concern around the lack of transparency on surcharging for the compliant and more expensive fuels needed to meet the IMO 2020 regulation. Patrik Berglund, CEO, Xeneta, says that this lack of transparency is, “fuelling growing criticism and unease within...

The ins and outs of scrubbers with Yara Marine
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The ins and outs of scrubbers with Yara Marine

Answers by M.Sc. Chem. Eng. Anders M. Sørheim How important is material quality when selecting a scrubber system? If the intention of a scrubber installation is to operate the scrubber for the lifetime of the vessel, assuming a minimum of 10 years, then the material quality is imperative. A study performed by the American stainless-steel...

5 benefits of IMO 2020
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5 benefits of IMO 2020

The International Maritime Organization (IMO) has published an infographic that outlines some of the major benefits of the global sulphur cap that is due to enter into force on January 1, 2020. From 1 January 2020 the global upper limit on the sulphur content of ships’ fuel oil will be reduced to 0.5 per cent...

CSA 2020 shipowners tell of scrubber experiences
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CSA 2020 shipowners tell of scrubber experiences

Members of the Clean Shipping Alliance (CSA) 2020 are advising those shipowners looking to install marine exhaust gas cleaning systems (EGCS), also known as scrubbers, as way of meeting the 2020 global sulphur cap requirements to ensure that manufacturers, shipyards and installers are using quality, high-end materials. Based on the collective experience gained from more...

Six ways to spend less and add value in 2020
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Six ways to spend less and add value in 2020

It will be a rare fleet manager or marine superintendent who isn’t looking for ways to make year-on-year cost savings as we edge closer to 2020. The rising cost of compliance – in particular the IMO2020 fuel switch – together with short term trade disruptions and the need for increased investment in monitoring and managing...

VPS launches 2020 fuels insight tool
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VPS launches 2020 fuels insight tool

Veritas Petroleum Services (VPS) has launched its VLSFO Insights, a detailed monthly report covering key data and information associated with Very Low Sulphur Fuel Oils (VLSFOs). VPS is a marine fuel testing and bunker quantity surveyor and has already tested a high number VLSFO samples from bunkerings throughout 2019. VPS reports an exponential week-by-week increase...

Shipping set to face increasing insurance costs in 2020 as claims rise by $350m
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Shipping set to face increasing insurance costs in 2020 as claims rise by $350m

A new report indicates that the shipping industry will face higher premiums and reduced returns from its Protection & Indemnity (P&I) insurance Clubs in 2020 as claims increased by more than $350m in the last two years. International P&I insurance broker P.L. Ferrari has found that member-owned P&I Clubs within the International Group are running...

RightShip adds 2020 compliance check to assessment platform
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RightShip adds 2020 compliance check to assessment platform

RightShip is asking operators of vessels over 8,000 DWT to confirm their compliant fuel choices and ship implementation plans as part of a new compliance assessment to help manage risk and safety ahead of IMO 2020 implementation. Information gathered will be displayed on a per-vessel basis in RightShip’s vetting platform Qi, improving the accessibility of...

CSA disappointed by Malaysia scrubber ban
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CSA disappointed by Malaysia scrubber ban

Members of the Clean Shipping Alliance (CSA) 2020 have expressed disappointment in Malaysia’s decision to prohibit the use of open-loop exhaust gas cleaning systems in its coastal waters. Malaysia recently announced the ban of open-loop scrubbers in its waters and ports, indicating that ships would have to change to a scrubber with a closed-loop mode,...

Malaysia bans open-loop scrubbers
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Malaysia bans open-loop scrubbers

Malaysia has prohibited the discharge of washwater from open-loop scrubbers from ships operating in Malaysian waters and within 12 nautical miles of the nearest land. A statement released by the Malaysian Marine Department confirms the ban and warns shipping companies calling at Malaysian ports to change over to compliance fuel or use closed-loop scrubbers or...

COSCO Shipping confirms Shell Marine lubricants contract
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COSCO Shipping confirms Shell Marine lubricants contract

China COSCO Shipping Company (COSCO Shipping) has extended its contract with Shell Marine for the supply of lubricants for five 62,000 dwt multi-purpose pulp carriers, due for delivery in 2019 and 2020. The lubricants contract includes the supply of the two-stroke engine cylinder oils Shell Alexia 100 and Shell Alexia 40 and the multi-functional lubricants...