Argus Adds IMO-Compliant Marine Fuel Price Assessments for Europe, U.S.

By Roslan Khasawneh SINGAPORE, Nov 13 (Reuters) - Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers. International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent … [Read more...]

BIMCO Adopts 2020 Bunker Clauses

International shipping association BIMCO has developed two new bunker clauses dealing with general compliance and the transitional period for the International Maritime Organization's 2020 MARPOL requirements for the maximum sulphur content in marine fuel. In addition to its other duties, BIMCO is leading provider of maritime clauses and contracts covering the full lifecycle … [Read more...]

Saras Invests in Mediterranean LSFO Bunkering Terminal Ahead of IMO Switch

By Ron Bousso LONDON, Nov 7 (Reuters) - Italian refiner Saras is constructing a ship-refueling terminal at its Sardinia plant and will market a new, cleaner marine fuel ahead of a major regulatory change in 2020, its chief executive told Reuters. From January 2020, the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5 … [Read more...]

CMA CGM Sticks to Controversial Bunker Surcharge, and Raises the Price

By Mike Wackett (The Loadstar) - CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA CGM at $55 per … [Read more...]

Big Oil Traders Set to Cash In On Shipping Fuel Overhaul

By Ahmad Ghaddar and Julia Payne LONDON, Nov 2 (Reuters) - The world's biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules. International Maritime Organization (IMO) regulations will cut the limit for sulphur in marine fuels globally from 3.5 percent to … [Read more...]