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2020 sulphur cap

News related to the 2020 sulphur cap

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...
In a press release, Stena Bulk has announced that the company concluded an investment by which 16 of its vessels (10 IMOIIMaxes, 5 Suezmaxes and one MR) will be equipped with scrubbers. The total investment, according to Stena Bulk, is worth 55 million USD, including the equipment,...
In a video interview with TradeWinds, Paolo d’Amico, the Intertanko Chairman and Chief Executive Officer of the d'Amico International Shipping Group, said that the marine bunker fuel market still remains cloudy, with several dark areas, ahead of the IMO 2020 implementation. According to d’Amico, Intertanko...
HSBC in a fresh analysis has been more positive about the effects of IMO 2020 on shipping and oil trading industries. According to the financial institution, the early preparations for compliance that the shipping industry has taken, so far, can ensure that the disruption will be less...
As the deadline for the enforcement of the IMO 2020 regulation is coming closer, carriers are getting anxious about its overall impact. Main concerns arise on whether the Owners and operators are able to afford the additional expenses resulting from applying the new regulation, such as unrecoverable...
When the IMO-2020 regulations come into force, cost of compliant fuel will rise. Unless they have equipped their vessels with scrubbers, clients will need to pay a much higher price in order to buy today’s equivalent quantity of new fuels. Therefore, larger credit facilities will also be...
GB Global, the Dubai-based company with bunkering operations in the Middle East, Indian Subcontinent, Far East and Europe, is expanding its international network while getting prepared to adopt the new IMO sulfur requirements prior to the agreed deadline. In order to be able...
In an interesting opinion, Michael Donaldson-Badger, the Managing Director of NSI conveys some main thoughts and information shared during the IP Week in regards with the availability and pricing of bunker fuels after the 1st January 2020 and explains how this information is used to upgrade its...