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The fuel oil carriage ban from the International Maritime Organization (IMO) that will come into force on 1 March 2020 has raised questions regarding the possibility of blending fuel on board ships to achieve compliance. The questions have prompted BIMCO to offer its view to members on the regulatory aspects of whether on board blending can be considered compliant.
In the first quarter of 2021 high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world's largest bunkering hub.
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.
For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs will be reduced by as much as USD 1 million a year if current price levels stay put.
This guideline follows on from the CIMAC WG7 guideline No 09:2014 which set out the differences between the ISO 4259 approach and that adopted under MARPOL Annex VI in respect of fuel sulphur content test results. However, it is important to understand that this ISO 4259 approach is also applied generally to the interpretation of all marine fuel analysis test results.
To the CEO of Sea Traders and founder of Prominence Maritime, Ioanna Procopiou, regulation and shortage of qualified crew and alternative fuels are among the biggest challenges facing shipping in the longer term. In the shorter term, operational efficiency will be key. Along the way, Procopiou believes the role of BIMCO as a practical and balanced voice for the industry is crucial.
The safety challenges connected with the implementation of the 0.50% sulphur cap are numerous, but not insurmountable. The issues are to some extent known from the implementation of the sulphur emission control areas (SECA) in 2015, among others loss of power, leaking fuel and lower flashpoints. Other issues have to be managed by digging out the experience from the 1980’s with very bad fuel oil quality e.g. instability and incompatibility.
Join Peter Sand at the Argus Fuel Oil Summit in Miami, Florida, US. The Chief Shipping Analyst will be participating in the panel discussion: 2020 is rapidly approaching – are shipowners prepared?
This guideline helps the reader understand stability and compatibility issues. Furthermore, it explains the different test methods, both for onboard evaluation and for tests performed in laboratories. It compliments and expands on the information given in ISO/PAS 23263:2019 and supports the ISO standard 8217:2017 on specifications of marine fuels.
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance with the IMO 2020 Sulphur Cap (IMO2020).
