Last opportunity for safe, smooth and consistent implementation of IMO 2020, says Greek Union of Shipowners.
Secured exposure is for 24,000 mt, equal to the annual fuel consumption of about four vessels.
Scrubbers can make a positive impact not only on the environment, but also on a company's bottom line, it says.
Encourages proposal to be brought up at upcoming MEPC 74 meeting in IMO headquarters between 13 to 17 May.
Due to most vessels in its fleet switching to operate on IMO 2020 compliant low-sulphur marine fuels.
Product which will be permeant to portfolio is available for customers at the Mauritius port from 1 May onwards.
Other refiners including Cepsa, Repsol and Saras confirmed they will produce 0.5pc VLSFO for IMO 2020.
Wood Mackenzie discusses how the 0.5% sulphur cap will change downstream, upstream, LNG and bulks sectors.
Seemingly quick fixes, such as speed reductions, do not incentivize technical progress and switch to new technologies.
Many PSC regimes investing in training inspectors, but others may not be well prepared for IMO 2020 tasks.
