Offenders liable to fine between $1,000 and $1 million, or imprisonment for term not exceeding two years, or both.
China National Petroleum Corp handling refinery project to be completed by May 2020, reports Reuters.
‘There is not really a best-before-use date… the stability of our fuel can be good for one year,’ says ExxonMobil.
Exponent and Innospec advice on new complaint fuels characteristics and how vessels can prepare for them.
Asia which makes up 40% of global bunker demand will bear brunt of demand shift caused by IMO 2020.
Other suppliers such as Spanish refiner Cepsa forecasting higher price premium of $300/t differential in 2020.
Regulators have laid out rules, but issues remain with scrubbers, alternative fuels, and bunker quality.
The Director of Legal and External Affairs at IMO talks to BIMCO Bulltein about FONAR, scrubbers, and more.
Mediterranean Sea hosts important transit lane and transhipment activities for international shipping.
Bunker suppliers will be ‘encouraged’ to provide only low sulphur fuels that meet the latest ISO Standard.
