The International Bunker Industry Association (IBIA) and S&P Global Platts on Monday (9 September) entered on a collaboration agreement to help shipping market participants prepare for IMO 2020.
Under the terms of the agreement, Platts and IBIA will offer shipping industry market participants:
“We are very pleased to work with S&P Global Platts in bringing industry stakeholders the tools they need to manage the transition to IMO 2020,” said Unni Einemo, Director of IBIA and its representative at the IMO.
“IBIA has been heavily engaged in working at the IMO to help develop guidelines for effective implementation, including preparations such as tank cleaning contained in the IMO's Ship Implementation Plan, and recently in a Joint Industry Project to develop guidance on the safe supply and use of compliant fuels.
“Through this new collaboration, we will also have access to market data and analysis from a trusted partner.”
“We are delighted to strengthen our close partnership with IBIA which aligns with our ongoing commitment to support the global shipping community as it transitions towards IMO 2020,” said Vera Blei, Global Director, Head of Oil Markets, S&P Global Platts.
“The transparency offered by our full suite of Marine Fuel 0.5% and HSFO price assessments together with the in-depth market insight provided by our global News and Analytics teams plays an important role in helping the industry understand and comply with what many consider to be the most disruptive change in living memory.”
Photo credit: S&P Global Platts
Published: 12 September, 2019
IMO has published a Q&A notice to inform the shipping industry about upcoming IMO 2020 regulations.
Shipowner continued contract with engineering firm after initial retrofit project of two hybrid scrubbers.
Best practice documents aimed at key stakeholders affected by fuel quality issues under MARPOL Annex VI.
Recent bans and negative sentiment expressed in the press has created uncertainty about scrubbers.
DGST will issue a new circular detailing IMO 2020 implementation plans, superseding previous circular.
To update the MARPOL Annex VI module in its GISIS system to better reflect quality and availability, says IBIA.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
