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The Union of Greek Shipowners (UGS), in a statement released on Tuesday 18 June, criticizes the IMO, the bunker suppliers and other industry stakeholders for failing to ensure that safe and compliant bunker fuels will be available on 1st January 2020 in order to allow Shipowners comply with...
The International Chamber of Shipping (ICS), in a statement which released on June 18, noted that it remains concerned about the continuous delays in regards with the publication of an updated ISO standard specification to regulate the quality and safety issues of low-sulfur fuels. Since enforcement of...
During the MWA 2019 conference, which took place in Houston this month, industry stakeholders discussed about the situation in the US Gulf market and the possible consequences of the new IMO regulation. During the conference, Zach Stansbury, a senior bunker trader of GCC...
The 1st January of 2020 will bring a seismic change to the shipping industry; the most impressive change that the industry has faced ever before. This is what Inatech, a Glencore company that provides bunker management solutions, says and suggests good preparation in a timely manner in order...
The 0.5% low sulfur cap will go into force in less than seven months, however, according to Trident Alliance, there is still high uncertainty on the readiness of the 91 signatory nations. This is because of the lack of transparency on the enforcement measures and the preparations...
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’.