Blessing in Disguise? IMO 2020 Could Help Container Shipping Achieve Elusive Supply and Demand Balance

By Sam Whelan, Asia correspondent (The Loadstar) - The IMO’s 0.5% sulphur cap, to be imposed in January 2020, could be a “blessing in disguise” for shipping lines, should the regulatory fallout finally end the industry’s elusive search for supply and demand balance. However, any benefits will not materialise without short-term pain, according to analysts speaking today at … [Read more...]

Oil Market Readies for New IMO Sulphur Regulations: Kemp

By John Kemp LONDON, Nov 20 (Reuters) - Global oil markets are adjusting to relatively strong demand for diesel and jet fuel compared to gasoline, coupled with the introduction of new bunker fuel regulations at the start of 2020. Rising diesel and jet fuel prices, at least relative to crude and gasoline, are forcing adjustments that should lessen the chance of a severe … [Read more...]

Russian Oil Set to Lose Billions from IMO 2020 Ship-Fuel Rules

By Dina Khrennikova and Elena Mazneva (Bloomberg) -- Russia is set to suffer the biggest revenue losses from rules mandating cleaner marine fuels from 2020, because the world’s top exporter of the sulfurous residual oil that powers ships doesn’t look prepared for the change. Refineries across the world are bracing themselves for the once-in-a-generation shift … [Read more...]

Environmental Group Proposes Speed Limits for Ships to IMO

By Alexander Whiteman (The Loadstar) - Mandatory speed limits could be shipping lines’ best hope of achieving the IMO’s 2030 emissions reduction targets. Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar slow-steaming could “single-handedly” achieve the target. “We’re proposing mandatory limits, based on ship type,” said Mr … [Read more...]

IMO Bans Carriage of Non-Compliant High Sulphur Fuel Come March 2020

By Jonathan Saul LONDON, Oct 26 (Reuters) - The United Nations shipping agency pushed back this week on any phased entry for tougher marine fuel rules and further tightened regulations that will come into force in 2020. The International Maritime Organization will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan. 1, 2020, compared with 3.5 … [Read more...]