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23Jul

IMO 2020: THE CALM BEFORE THE STORM

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Petroleum Economist, Alastair O’Dell, 23 July 2019

Prices of bunker fuels and the spreads between them are expected to change rapidly over the next 12 months.

16Jul

Port State Control: Paris MoU issued its annual report 2018

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Oil record book still in top 5 deficiencies

01/07/2019 SAFETY4SEA

The Paris MoU on Port State Control issued its Annual Report 2018, noting that the detention percentage of 3.15% in 2018 has decreased compared to the 3.87% in 2017. The number of ships that received a refusal of access (banning) order has also decreased from 32 in 2017 to 24 this year. ISM was again at the top of the five most frequently recorded deficiencies in 2018.

16Jul

INTERTANKO and BIMCO Release Joint Guidance on Contractual Issues Surrounding Scrubber-Fitted Vessels

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Source: www.lexology.com,Winston & Strawn LLP USA May 31 2019

On May 23, 2019, BIMCO and INTERTANKO released contractual guidance applicable to vessels fitted with scrubbers for compliance with the new “IMO 2020” MARPOL Annex VI rules, which require low sulphur fuels or installation of exhaust gas scrubbers meeting equivalent emissions by 2020. The guidance outlines key issues that charterers and owners should take into account during their negotiations.

16Jul

THE POSEIDON PRINCIPLES AND A 'GREEN TRANSFORMATION' OF SHIPPING

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Barry Parker, Seatrade Marine, 20 June 2019

The official launch of the Poseidon Principles held in New York on expanded how the initiative from major ship finance banks plans to try and take the lead of a “green transformation” in shipping.

16Jul

ISRAELI REFINER SUPPLIES FIRST CARGO OF IMO 2020-COMPLIANT BUNKER FUEL

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Lee Hong Liang, Seatrade Marine, 19 June 2019

Israel’s Oil Refineries Ltd (ORL) has supplied its first cargo of IMO 2020 compliant bunker fuel with sulphur content capped at 0.5%, reports said.