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The IMO has agreed to back a proposal submitted by BIMCO and fellow industry associations to have the Marine Safety Committee (MSC) take a more robust stance when it comes to expected safety implications of compliant fuel ahead of the IMO 0.50% sulphur limit coming into force on 1 January 2020.
BIMCO will produce several clauses dealing with specific issues related to 2020, as making one clause to fit all concerns was deemed unworkable. The first 2020 clause – focused on compliance - may be published as soon as end October.
Recent reports of a rise in fuel contamination cases have increased the industry’s concerns over quality and safety of blended fuels as 2020 approaches. And for a good reason. A spike in demand for new low sulphur blends from 1 January 2020 will greatly increase the risk of contamination. Lars Robert Pedersen, Deputy Secretary General of BIMCO calls for bunker states to take responsibility.
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.
BIMCO and partners have submitted a paper to the International Maritime Organization (IMO), proposing ways to secure a uniform and more accurate way of interpreting results, when measuring the level of sulphur in fuel oil.
Containerships with a collective cargo carrying capacity of 5.3m TEU are now fitted with an exhaust gas cleaning system (scrubber) to remove sulphur oxides (SOx) from the exhaust gasses generated by the combustion processes in marine engines and thereby comply with the IMO 2020 global sulphur regulation which came into force on 1 January 2020.
Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 sulphur cap compliance. Fleet growth is lower then last year, but still too high compared to demand growth.
The International Maritime Organization (IMO) will be discussing changes to the MARPOL Annex VI regulations on how Port State Control (PSC) can draw fuel oil samples on board, when meeting at the 75 session of the Marine Environment Protection Committee (MEPC 75) on 16 to 20 November 2020. Some of the new suggestions are a cause for concern, BIMCO believes.
