The database provides links and verified information on legislation or rules that have been imposed, it shares.
Clarifies infringement of IMO 2020 Regulations will not necessarily be characterised as unseaworthiness.
Carriers and shipowners shifting big portion of increase in operational and fuel costs to shippers, it says.
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.
Mediterranean Sea hosts important transit lane and transhipment activities for international shipping.
Other suppliers such as Spanish refiner Cepsa forecasting higher price premium of $300/t differential in 2020.
