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
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.