Pledges not to use vessels with scrubbers, as they transfer pollution produced by vessels from air to ocean.
Guides contain details on Singapore’s implementation plan for IMO 2020 and outcome of MEPC 74.
Stakeholders are encouraged to make use of IMO-developed guidelines for upcoming 2020, advises IBIA.
Various options are available to shippers to comply and the marine fuels mix is set to change significantly.
Potential for an increase in the number of machinery damage claims and incidents, if not well-managed.
Ports becoming more concerned about potential contamination build up in berths and navigation channels.
Bank of America report points out price changes ‘quickly dissipating’ as trade war between US and China escalates.
Unacceptable risk to responsible carriers facing risk of having to compete against the ‘one bad apple’.
Use of DF engines in new ships and scrubbers allow firm to mitigate expected higher cost of low-sulphur fuel.
Lack of clarity amongst ship owners, underwriters and charterers in dealing with non-compliant fuel post IMO 2020.
