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
‘Scrubbers are an effective solution that we have chosen to invest in for approx. half of our ships’, says Torm.
Key issue on talks should be revolving around ‘human health and the environment’, says Director.
IMO has published a Q&A notice to inform the shipping industry about upcoming IMO 2020 regulations.
Non-eco scrubber-fitted vessels will be able to compete with modern eco-vessels even beyond 2023, it suggests.
Established mechanism available that can be used to help shipping companies prepare for IMO 2020.
Information provides stakeholders with data, recommendations, and insights to efficiently manage VLSFOs.
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“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
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