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The IMO-2020 rules have not yet come into force however, according to Gard P&I Club, more than 100 claims related to this regulation have already reached the Club’s desks. Amid a cloudy environment, where shipowners are still worried about possible fuel quality and compatibility...
The forthcoming implementation of the IMO-2020 appears to have increased the market awareness in regards with the problems arising from the archaic processes of the bunker market. As a result, IMO is recently called to introduce tighter regulation on bunker suppliers in an effort to avoid malpractices...
It looks like Singapore is not willing to cut the edges in its policy for the mandatory use of Mass Flow Meters and the Maritime and Port of Authority (MPA) appears ready to take strict measures against those who don’t follow its guidelines properly. After the suspension...
Enforcement of IMO-2020 will commence within just a few months however most of the refiners are not yet ready to supply compliant fuels while the flow of information around the results of the ongoing tests in regards with fuel quality and fuel compatibility is almost zero. As...
In an effort to meet the new challenges that the IMO 2020 will bring to the markets, Glander International has hired David Chiang as Bunker Risk Manager. This is an entirely new position in the Glander group which the company considers as ‘response to shifting customer needs’.
The enforcement of the new IMO regulation has created high uncertainty among industry stakeholders on whether there will be sufficient availability of 3.5% sulfhur and 0.5% sulfur bunker fuels beyond the 1st January 2020. In the meantime, the UK-based supplier Crown Oil has highlighted a less discussed issue related with the...
One of the options that shipowners have in their hands in order to comply with the IMO 2020 sulfur cap is installing scrubbers on theirs ships to continue consuming 3.5% sulfur fuel and avoid the complications that 0.5% sulfur fuels may bring. Despite the positives of this...
The high market uncertainty in regards with the pricing of the IMO-2020 compliant fuel and the high cost required to install scrubbers have forced Oslo-based bulker owner Bellships to hedge the bunker price differential between 0.5% sulfur fuel oil and 3.5% sulfur fuel oil, the company has...
Despite the fact that IMO 2020 is less than 8 months away, industry stakeholders are still facing a number of major uncertainties. Fuel prices of new compliant fuel are generally unknown and ship operators are afraid of an increase in fuel costs which might hit their already...
See why the transparency is so important in the bunker industry as we get closer to January 2020. Charlotte Røjgaard, Global Technical Manager for Marine Fuels at Bureau Veritas highlights how important it is to share information such as fuel quality, compatibility and availability amongst all...