Latest news from Heavy Lift & Project Forwarding International Magazine

ICS warns on looming sulphur cap

The International Chamber of Shipping's (ICS) chairman, Esben Poulsson, has warned IMO member states that the implementation date of the 0.5 percent global sulphur in fuel cap is fast approaching, suggesting that “time is fast running out."

The IMO global sulphur cap for marine fuel, which will come into effect on January 1, 2020, is expected to see shipping's bunker prices increase significantly. 

"While ICS fully supports the objectives of the IMO cap, the overnight introduction of this regulatory game-changer will have enormous implications for ship operations. It will be vital to get the implementation right," said Poulsson.
 
"As well as concerns as to whether sufficient quantities of compliant low sulphur fuels will be available in every port, there are a number of complex practical issues which IMO needs to urgently resolve within the next 18 months if the unfair treatment of ships is to be avoided."
 
In the absence of agreed standards for new fuels, including blends that will be compliant with the 0.5 percent sulphur limit but which may differ in their composition from port to port, ICS is concerned this could lead to serious compatibility and mechanical problems.

According to ICS there could be an initial period of 'teething problems' when suitable compliant fuel might not always be available in every port until it can be shipped in from elsewhere. This is more likely to be a significant problem for ships in tramp trades which call at diverse port destinations which are not always known long in advance.
 
Poulsson added: "It is vital that ship operators, charterers and fuel purchasers start making the necessary preparations to be ready for this major change.  This also means that oil refiners and bunker suppliers will need to ensure that compliant fuels are actually available for ships to purchase well in advance of January 2020."

 

www.ics-shipping.org

Heavy Lift | News

Inward-looking policies threaten shipping's outlook thumbnail image

Inward-looking policies threaten shipping's outlook

October 4 - Uncertainty arising from wide-ranging geopolitical, economic and trade policy risks is redefining the maritime transport landscape and shaping the sector’s outlook, says the United Nations Conference on Trade and Development (UNCTAD).
Views: 1691
Industry seeks clarity ahead of Sulphur 2020 thumbnail image

Industry seeks clarity ahead of Sulphur 2020

October 3 - A survey conducted by global shipping consultancy Drewry reveals that there is considerable unease among global shippers/beneficial cargo owners (BCO) and freight forwarders ahead of the IMO’s sulphur 2020 emissions regulations.
Views: 1763
The projects sector – is the tide turning? thumbnail image

The projects sector – is the tide turning?

October 3 - The standout session at this week's Breakbulk Americas must be the one on Thursday, during which experts from both sides of the project logistics supply chain will discuss the current prospects for the sector.
Views: 1704

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.