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Korea Shipowners’ Association publishes translated IMO 2020 guidance

27 Dec 2019

The Korea Shipowners' Association (KSA) on Thursday (26 December) published the Korean translated version of the Joint Industry Guidance: The Supply and Use of 0.50% sulphur marine fuel to all member companies due to upcoming IMO 2020 regulations.

The similarly named document is a translated version of a guidebook published by several shipping associations in August, it says.

KSA, meanwhile, notes it its member companies continuously highlight difficulties regarding the use of low sulphur fuel oil (LSFO) as a marine fuel.

To prepare for IMO 2020, it has organised consultation with domestic refiners on the stable supply and pricing of LSFO.

“Nevertheless, the ocean-going shipping industry is still worried about the feasibility of supplying low-sulphur fuel oil stably and at a reasonable price, as well as the problems with using LSFO, ahead of the imminent regulations come 1 January 2020, and consequently the big threat that this could pose to the shipping industry has not been diminished,” it states.

“In the absence of international standard quality regarding low sulphur oil regulation, the products produced by domestic refiners also differ in quality from manufacturer to manufacturer,” said a KSA official.

“The recommended guide carefully reviews the specific implementation plans and precautions to ensure that the problems caused by the use of low sulphur oil are minimised.”

Photo credit: Korea Shipowners' Association
Published: 27 December, 2019

 

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