Use of LNG and other types of low sulphur bunker fuel will add direct and indirect costs to operations, says Langh Tech.
Kitack Lim announces achievements, tribute, and several retirements after conclusion of MEPC 72.
Preem AB planning to increase desulphurisation capacity of its Lysekil and Gothenburg refineries.
‘IMO on track to introduce high sulphur fuel carriage ban from March 2020,’ says IBIA spokeswoman.
Plans to order 20 vessels as part of South Korea ‘Five Year Plan for Rebuilding Korean Shipping’ policy.
A series of topics await discussion at upcoming Marine Environment Protection Committee meeting.
Oil and product tankers are scheduled for delivery from October 2018 to 2019, it says.
Ban lessens the chances of investments being undercut by less scrupulous operators looking to burn non-compliant fuels.
‘At the moment nobody is really doing anything,’ says vice president of Wood Mackenzie business unit.
‘A drastic step-change is expected in 2020 and if a smooth transition is not ensured, the impact will be great,’ it notes.
