By Mike Wackett (The Loadstar) - Despite the recent introduction of low-sulphur regulations, the Suez Canal Authority (SCA) will continue to allow ships transiting the waterway to burn heavy fuel oil (HFO) without the need for scrubbers. Adding to the confusion for ship managers is a ban by the SCA on the discharge of wash water – used in the open-loop scrubber process – … [Read more...]
Shipping’s Big Bang Sends Two Global Industries Spinning
By Jack Wittels (Bloomberg) --Two weeks ago, the vast majority of the world’s ships were forced to change the fuel they use. Some big winners -- and potential losers -- are starting to emerge from what was a historic switch for the world’s oil refining and maritime industries. Regulations began on Jan. 1 forcing vessels to sharply reduce emissions of sulfur oxides from … [Read more...]
China Busts Two Ships for IMO 2020 Violations
Two ships have been busted burning non-IMO 2020 compliant fuel in China, according to The Standard Club. The two ships were inspected by Chinese Maritime Safety Administration (MSA) inspectors who verified that the fuel being used exceeded the global .5% sulphur content limit. The first ship was busted during a port state control inspection in Qingdao, China which … [Read more...]
IMO 2020 Overshadows Hapag-Lloyd’s 2020 Profit Outlook – CEO
HAMBURG, Jan 10 (Reuters) - Tougher rules on sulphur emissions from ships set by the International Maritime Organisation (IMO) from January burden the profit outlook for Germany's container shipping line Hapag-Lloyd this year after a good 2019, its chief executive said. "This will make it difficult for us to achieve a better (2020) result," Rolf Habben Jansen told reporters … [Read more...]
Rising Prices Show Tighter Supplies of Cleaner Fuel for Global Shipping
By Stephanie Kelly and Collin Eaton NEW YORK, Jan 9 (Reuters) - The price of very low-sulfur fuel oil has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said. Very low-sulfur fuel oil (VLSFO) lately has started to trade at levels comparable to marine … [Read more...]