The U.S. is reportedly supporting the implementation of an ‘experience building phase’ for the IMO 2020 deadline, when all vessels will be required to consume marine fuel with a maximum sulphur limit of 0.5% by 2020.
“The United States supports an experience building phase, which has been proposed by several other countries, in IMO 2020 in order to mitigate the impact of precipitous fuel cost increases on consumers,” said a White House spokesman, as quoted by Reuters.
“The administration wants to ensure that IMO 2020 occurs in a manner that is not harmful to consumers and the global economy,” noted a White House spokesman, as reported by Wall Street Journal.
A paper suggesting the proposal of an ‘experience building phase’ was co-sponsored and submitted by the Bahamas, Liberia, Marshall Islands, Panama, BIMCO, INTERCARGO and INTERTANKO to the International Maritime Organization (IMO) in August, 2018.
The IMO Secretary-General has earlier made it clear the 2020 deadline for a 0.5% sulphur cap on marine fuel is firm.
The Marine Environment Protection Committee (MEPC), 73rd session at IMO is scheduled to start from 22 to 26 October 2018 at its headquarters in London.
Published: 22 October, 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.
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