Shipping Fears Low Sulphur Fuel Switch Could Lead to Accidents

By Firat Kayakiran (Bloomberg) --The global shipping industry is about to undergo one of the biggest changes in its recent history with concerns lingering about just how safe the shift is going to be. Starting in January, vessels the world over will have to drastically reduce sulfur content in their fuel to comply with rules set out by the International Maritime Organization … [Read more...]

IMO 2020: Dirty Fuel Oil Down but Not Out

By Koustav Samanta SINGAPORE, Sept 9 (Reuters) - Asia's spot premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) is expected to ease gradually from its recent record highs as shippers adopt cleaner marine fuels next year to meet new, tougher rules on emissions from ships. But as the deadline approaches, analysts and traders agree that demand for the dirtier HSFO … [Read more...]

Low Sulphur Fuel Giant Planned for Launch

OSLO, Aug 13 (Reuters) - Commodities trader Trafigura is joining forces with shipping firms Frontline and Golden Ocean to supply marine fuel ahead of a shake up in regulation which could disrupt delivery and cause prices to spike. The three companies said on Tuesday the joint venture is expected to start operating in the third quarter, subject to agreement on final … [Read more...]

Euronav’s Giant ‘Oceania’ Starts 12,400-Mile Trip to Fuel-Storage Zone

By Jack Wittels and Timothy Abington (Bloomberg) --The world’s biggest oil tanker has begun a 12,400-mile voyage to a fuel-storage zone in Asia, the latest movement of a vessel that’s intrigued the shipping market and fuel traders for months. More than 1,200 feet long, 16 years old, and able to hold roughly a day of France’s and Britain’s combined oil consumption, Oceania … [Read more...]

Calls for IMO 2020 Grace Period Mount as Deadline Looms

By Mike Wackett (The Loadstar) - Growing safety concerns around the IMO’s 0.5% sulphur cap on marine fuels has led to talk of a period of “permitted noncompliance” following the 1 January implementation. In addition, Indonesia has announced that, because of the threat of an increase in prices for consumer goods, it will continue to allow its flag-state vessels to burn 3.5% … [Read more...]