Kitack Lim, Secretary-General of International Marine Organization (IMO) on Wednesday (22 January) released a statement indicating the transition since 1 January to implement the 0.5% sulphur limit has been relatively smooth.
Prices for compliant fuels – very-low sulphur fuel oil (VLSFO) and marine gas oil (MGO) rose quickly initially but now appear to be stabilising.
As of 20 January, 10 cases of compliant fuel being unavailable had been reported in IMO’s Global Integrated Shipping Information System (GISIS); and the dedicated email address established by the IMO Secretariat has not received any specific correspondence reporting issues with implementation.
“I believe it is testimony to the diligence and dedication of IMO, its Member States, the shipping industry, the fuel supply industry and other relevant industries that such a major rule change is being implemented successfully without significant disruption to maritime transport and those that depend on it,” said IMO Secretary-General Kitack Lim.
“The next important target is fast approaching, when carrying non-compliant fuel oil on board ships becomes prohibited on 1 March 2020. I urge all shipowners, operators and masters to comply with the carriage ban, where applicable, when it comes into effect.”
Kitack urges all shipowners, operators and masters to comply with the carriage ban, as the next important target of prohibiting carrying non-compliant fuel oil on board ships comes into effect on 1 March 2020.
“IMO will remain vigilant and ready to respond and provide any support. I would like to thank, sincerely, IMO Member Governments, the shipping industry and all stakeholders, including shippers and the fuel oil supply industry, for their efforts so far and to ask for further cooperation to ensure IMO 2020 is implemented properly.” he concludes.
Photo credit: IMO
Published: 22 January, 2020
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
To create awareness amongst shippers in Ghana for implementation of IMO 2020 sulphur cap regulations.
Lina Molfetas estimates 0.5% fuel demand in Middle East 2020 could be as high as 1.3 mil MT/month in 2020.
Initial findings suggest ships operating open-loop EGCS will have ‘near zero impact’ on harbour water quality.
Local traders expecting buying interest from foreign buyers to rise in August-September, notes update.
Segregation policy and crew preparation vital at this point in the process of preparing for IMO 2020 deadline.
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
