The Vice President of refining, chemicals and oil markets at research and consultancy firm Wood Mackenzie forecasts 30% of the shipping industry will not comply with the upcoming sulphur cap of 0.5% effective 2020.
“At the moment nobody is really doing anything […] with a number of the shippers playing chicken with the regulator, does the regulator blink? We don’t know,” Alan Gelder told Reuters.
Vessels have the option of retrofitting scrubbers while allow them to continue burning cheaper high sulphur fuel oil during operations.
However, the scrubber units can cost between $3 million to $10 million, says Anil Rajguru, Vice President of process safety at engineering firm Fluor Corp.
“Right now less than 500 ships have scrubbers. We’re talking more like 50,000 and it could take more than a decade before scrubbers are fitted on [all] the vessels,” Rajguru said.
Photo credit: International Maritime Organization
Published: 14 March, 2018
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.