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Yang Ming Marine Transport Corp. (Yang Ming) and Shoei Kisen Kaisha Ltd. (Shoei Kisen) signed charter agreements for four 11,000 TEU containerships yesterday(10th April, 2019) in Hong Kong.
From 1 January 2020, the limit for sulphur in fuel oil used on board ships operating outside designated emission control areas will be reduced to 0.50% m/m (mass by mass).
Ahead of the introduction of IMO 2020 low-sulphur regulatory standards next year, global shipping consultancy Drewry has begun providing members of its exclusive Benchmarking Club with exclusive quarterly benchmarks on contract BAFs.
Wallenius Wilhelmsen is the latest shipowner to join the Clean Shipping Alliance 2020 (CSA 2020), increasing the organisation’s membership to 35 shipowners operating a combined fleet of almost 2500 vessels.
Maersk Tankers has decided to invest in four scrubber systems to be installed on selected LR2 vessels in the Maersk Product Tanker fleet before January 2020 to comply with the IMO’s sulphur regulation.
“The 2020 global sulphur cap will be the regulatory game changer of the decade with profound implications for the economics of shipping” believes Chairman of the ICS, Esben Poulsson.
The Maritime Authorities of the Paris and the Tokyo MoU on Port State Control will start issuing a letter of warning from 1 January 2019 on the sulphur content of marine fuels during inspections in order to increase awareness of and to encourage timely compliance with the new requirements.
MSC is introducing new bunker charges as of 1 January 2019 to achieve the common goal of improving environmental performance in the container shipping supply chain, as required by the 2020 Sulphur cap.
There is considerable unease among global shippers/BCOs and freight forwarders ahead of the IMO’s 2020 global emissions regulations, due to come into force on 1 January 2020, according to a survey conducted by Drewry.