The introduction of rules last year to reduce ship sulphur emissions is resulting in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage.
Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that contains a sulphur content higher than 0.5 percent unless the ship has an Exhaust Gas Cleaning System.
Consistent implementation of the IMO 2020 regulation which limits sulphur in ships fuel oil is enhanced from 1 March 2020, with the entry into force of a rule to ban the carriage of non-compliant fuel oil.
IMO 2020, the 0.50% limit of sulphur in ships’ fuel oil, has been in effect since 1 January 2020, cutting sulphur oxide emissions from ships operating worldwide.
The Tokyo and Paris MoUs on PSC have been working collaboratively to ensure that vessel owners and operators are aware that under the Authorities belonging to these MoUs, inspections will be undertaken to ensure compliance.
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance with the IMO 2020 Sulfur Cap (IMO2020).
NORDEN has sold 1 Handysize tanker, which was delivered to her new owners in late November 2019. On the back of this sale, the company purchased 2 MR tankers, which were delivered in end-December 2019.
A global regulation that will substantially reduce harmful sulphur oxide emissions from ships comes into effect from 1 January 2020, bringing significant benefits for both human health and the environment.
On the eve of the implementation of the UN IMO Global Sulphur Cap – which requires most of the world’s commercial shipping to use fuels with a sulphur content of 0.5 per cent or less, Guy Platten, Secretary-General of the ICS, has issued a message to the shipping industry and its regulators.