‘Market stakeholders must take certain measures and be prepared to respond rapidly as these factors unfold.’
White paper points out lack of industry standard for calculating fuel-surcharges to affect shipping operations.
Installing scrubbers on smaller-sized tanker vessel is not currently deemed financially viable, it believes.
A total of 42 vessels will be retrofitted with either scrubbers or ballast water management systems, or both.
Reduction of carbon emissions and IMO 2020 regulation bring many unknown parameters to the table.
Increased liquidity has allowed Argus to assess 0.5% LSFO for delivery in Singapore based on physical trade.
Guidelines for sampling of fuel oil on board ships and consistent implementation to be finalised this year.
‘FONARs remain a tool of last resort and are not something that a ship will be able to use routinely.’
IMO meeting summary update states details of the draft Guidelines and their respective adoption period.
BIMCO shares advice from an interview with a Lloyd’s Register specialist on IMO 2020 transitions.
