Do you support mandatory regulation of ship speeds..??
As at the time of writing of this article, 244 days is what is left before ships have to comply with #IMO2020 (I actually put up a countdown on my sidebar)..
What IMO2020 is, has been discussed in detail across many articles on this blog, so I won’t repeat in great detail..
An open letter to IMO Member States by NGOs has expressed strong support for the IMO to implement mandatory regulation of global ship speeds differentiated across ship type and size categories..
Industry experts especially in container shipping seem divided on this.. Do you support mandatory regulation of ship speeds..??
What is IMO 2020 and how you could be affected..
If you are in the shipping and freight industry you may have heard several whisperings, notices, loose talk, official talk, speeches etc about IMO 2020..
But what is this IMO 2020, who will be impacted and how will it affect your life in the shipping and freight industry..??
This article examines the impact of IMO 2020 on shipping lines and cargo owners, the options available and how this lower sulphur emission standards can be achieved..
Pain for shippers as IMO 2020 sulphur cap related bunker surcharges set to kick in
The regulations surrounding the IMO 2020 sulphur cap are here to stay..
Several shipping lines like Maersk, MSC, CMA-CGM, ONE, OOCL and APL had announced in late 2018 that these costs for compliance will have to be passed on to customers/trade through the implementation of new or adjustment to existing fuel surcharges, which may vary based on the trade lanes..
These new bunker surcharges are set to kick in as of this week..
What is Low Sulphur Surcharge and why is it applicable..??
In April 2018, more than 100 Member States met at the International Maritime Organisation in London and adopted an initial strategy on the reduction of greenhouse gas emissions from ships by at least 50% by 2050 compared to 2008 levels..
The current global limit for sulphur content of ships’ fuel oil is 3.50% m/m (mass by mass)..
The regulations to reduce sulphur oxide emissions has introduced a new global limit for sulphur content of ships and as from 1st of January 2020 the new global limit on the sulphur content will be 0.50% m/m..
The LSS or Low Sulphur Surcharge is as a consequence of this meeting..
MSC explains 2020 Sulphur Cap Bunker charge mechanism for 2019
In one of our previous articles about IMO 2020 Sulphur Cap, we reported that many shipping lines will be adopting the regulations but also implementing a bunker surcharge to cover the same..
MSC is one of the lines that have announced the introduction of 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 IMO 2020 Sulphur cap..
MSC has revealed the mechanisms for the calculation of their 2020 sulphur cap bunker surcharge..