BIMCO, the international shipping association, has announced its intention to fast stream the publication of its first bunker clauses in response to the International Maritime Organisation's 2020 sulphur rules. Publication of several bunker clauses are expected to be released in late October. Link Here
Chevron Marine Lubricants has developed a brand-new range of cylinder lubricants compatible with virtually all available global sulphur cap 2020 compliance options.
As the global shipping industry prepares for the arrival of the global sulphur cap in January 2020, the operation of ships in a multi-fuel future is a fast approaching reality. Lubricants are essential to the smooth operation and service life of propulsion machinery, but their optimal use is highly dependent on
Bunker surcharge aims to recover some of $2bn in extra expenses involved in complying with new IMO rules. Containership giant Maersk Line will seek to recover the costs of low-sulphur fuel compliance from its customers. The Danish company said a new bunker adjustment surcharge factor (BAF) is being adopted ahead of new IMO rules coming into force in 2020. "We fully support the new rules. They will be a significant benefit to the environment and to human health,” said Vincent
The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). Whereas today ships can use fuel with a sulphur content of 3.5%, the new sulphur cap will be 0.5%. To become compliant shipowners will have to invest in compliant fuels, LNG or scrubb
Norway’s DNB Markets has published an in-depth report on scrubber uptake across the shipping industry and is forecasting the technology add-on to vessels is a good investment and should pay back in less than 18 months after the global sulphur cap kicks in on January 1, 2020. Scrubber uptake is accelerating towards 2,300 units by 2020 – covering 15% of pre-2020 heavy fuel oil (HFO) demand.
Sector-wise DNB is predicting scrubber installations reaching 973 in dry bulk, 530 in t
Dry Cargo shipping demand remains largely reliant on Asian power generation, agricultural imports and manufacturing. The China – US trade war is altering the patterns of soya bean and wheat trade, which may add disruption, delays and tonne mile demand for this increasingly important portion of overall dry bulk cargo demand. China continues to grow iron ore imports and coal imports, as does India, with exporters in Brazil, Australia and Indonesia benefiting the most. Global o
Everyone is talking about IMO 2020. The tighter emissions regs are forcing ship owners to retrofit scrubber technology (only about 5 per cent of the global trading fleet of about 80,000 ships has done so yet), or to burn more expensive low sulphur fuel oil or marine diesel oil, both of which have supply issues as refiners are yet to complete the investments required to upgrade products to meet the new regs. An increasingly popular alternative is to go for LNG bunkering. The p
Donald Trump hogs all the headlines when it comes to policy. His trade war with China, rapprochement with Russia, his issues with the EU and NATO, all point to a more volatile political environment which is bound to affect business confidence, trade, and shipping demand. Frustratingly for his opponents, these effects are yet to show through in the data. Global GDP forecasts from the IMF suggest that growth will be 3.94 per cent this year and next year, with the majority of gr