06 April 2018
The International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC 72) will meet next week, where a prohibition on the carriage of non-compliant fuel oil with a sulphur content exceeding 0.50% is on the agenda.
01 March 2019
Cristan Evans is a partner at Stephenson Harwood LLP and specialises in the resolution of shipping and trade disputes. He provides practical, commercial advice with the aim of resolving the most complex disputes in an efficient and cost-effective manner.
Cristan acts for shipowners, charterers, cargo interests and their insurers in disputes arising under charterparties, bills of lading and contracts of affreightment. He has acted in Court proceedings and in arbitrations conducted under the LMAA, UNCITRAL, LCIA, FOSFA and GAFTA rules.
An experienced commodities lawyer, Cristan also acts in sale contract disputes for buyers and sellers involving commodities such as petroleum products, coal, vegetable oils/oil seeds and biofuels.
12 September 2016
Use of fuel:
As provided by the directive 1999/32/ce as amended by directive 2005/33/ce of the european parliament and as per italian law too, we would draw your kind attention to the following: as from jan. 1st 2010 any vessel, in EC port or within the italian territorial waters using marine gasoil, are under the obligation to use, fuels with a percentage of sulphur less than0,10%. by mass (while at anchorage, in port, at berth). Vsl to have on board sample of fuels supplied and relative delivery receipt showing the percentage of sulphur. Harbour Master reserves his rights to perform inspections on board the vessel to ascertain the quantity of sulphur and in case the percentage will exceed the 0,10%, the Master or owners could be fined from minimum 15.000 euro to maximum 150.000 euro.
23 January 2019
19 February 2019
29 October 2018
India, along with China has long been revered as a key driver of world oil demand growth. However, higher crude prices and a weaker rupee have seen domestic fuel prices surge. Now, with sanctions imminent against one of India’s largest suppliers, consumers could see further price rises which may impact on their purchasing power. This begs the question; can the crude market really rely on India to drive demand over the coming years in a higher price environment?
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
11 July 2018
One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine bunker fuels in 2020. In particular, a lot of discussions have been focused on scrubbers.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
07 January 2019
Late in 2018, China issued a raft of additional refined product export quotas to cope with a domestic oversupply of fuel. These additional volumes were partly responsible for the strength of the Asian product tanker market towards the end of 2018 and the persistent weakness in the Asian oil products markets. For many the question is therefore: what will Chinese refined product export volumes look like in 2019, and can they help sustain the regional product tanker market?
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
06 May 2019
Much of the current market focus is on crude supply, with sanctions, outages and unplanned disruptions impacting on supply. But with IMO2020 just around the corner, fundamental changes in the products market are afoot, with the market dynamics set to drastically shift as we move closer to the end of the year. The market for middle distillates (primarily gasoil, diesel and jet fuel) could be set for a seismic shock – in stark contrast to current market fundamentals.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
18 July 2018
The 2020 0.50% sulphur limit for fuel oil used outside emission control areas will undoubtedly create operational issues for crews onboard ships. The International Organization for Standardization (ISO) has now issued a letter in this regard rebutting these claims.
