Lisa Jenkins, Claims Executive and Maria Mourtzanou, Claims Assistant of The Standard Club on Friday (21 February) published a news update regarding a draft proposal issued by the China Shipowners’ Association (CSOA) to Beijing for requesting a temporary reprieve from IMO Rules:
As a result of the ongoing financial and logistical difficulties arising from coronavirus, Chinese shipping entities have raised concerns of their ability to comply with the more stringent IMO Sulphur Rules introduced in January 2020.
China Shipowners’ Association (CSOA), a group of more than 200 member companies, have issued a draft proposal to Beijing requesting a temporary reprieve from the IMO Rules, which require the use of fuels with a sulphur content of no more than 0.5%. Such submission is in anticipation of a potential shortage of low-sulphur fuel oil provisions in China, alongside ongoing financial concerns as coronavirus’ impact on the economy continues to deepen. Any suspension is likely to be part of a series of other measures, including tax cuts, which are being recommended by the Association to ease the financial pressure of coronavirus on the shipping industry.
Despite such application, there are concerns within the wider industry that any suspension of the sulphur cap could cause long term difficulties in respect of China’s reputation and status as a key country in the LSFO supply chain.
It is not clear whether the suspension, if granted, would apply to non-Chinese entities. As previously raised, members should continue to check with local agents and club correspondents for the latest information.
Singapore High Court grants Poh Fu Tek and Koh Seng Lee conditional leave to act against the present and/or previous Directors of Vermont, Goldsland and Sin Hua, states Judgement.
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.