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Monday, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
 Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that this is a big challenge for numerous players within the industry, from supplier to the end-user. At this point owners and operators should have chosen their compliance option. We’re now seeing major fuel suppliers announcing their availability of 0.50% compliant fuel. Last month, BP announced that they have successfully tested Low Sulphur Fuel Oil at sea and will be selling 0.50% before 2020. This came shortly after the International Energy Agency projected that almost half of the global fleet will use marine gas oil in 2020 and eventually, 40% will burn Very Low Sulphur Fuel (LSFO). We’ve also seen that compliant fuel is available in ports such as Rotterdam. Importantly, this gives shipowners and operators the ability to plan ahead – as they learn which suppliers have what fuel available and where – helping them get their fleets and crews ready for this regulation.
The biggest challenge
For shipowners and operators, the biggest challenge is to prepare their ships when changing over from High Sulphur Fuel Oil (HSFO) to Low Sulphur Fuel Oil (LSFO). They will need to work out how much investment is needed to prepare the ship’s fuel systems and tanks; this might involve cleaning tanks which takes time, effort and money as the ship will need to be off-hire. Owners and operators also have the option to leave their tanks and hope that this change of fuel will not damage them or affect operations. Alternatively, they can consider the implications of the diversity of fuels that might come with this regulation. For example, will this require segmentation? If so, does the owner or operator have spare tanks to segment the fuel?
Test, prepare and plan
Our Fuel Oil Bunker Analysis and Advisory Service (FOBAS) team have been analysing 0.50% fuels to set a baseline understanding of compatibility and from a technical perspective, we would recommend implementing a fuel segregation plan. Whether that’s considering loading a light product compared to a heavy one, and or making greater efforts to segregate and avoid comingling fuels – industry experts warn against mixing one bunker with another as there’s a high risk of destabilising the fuels and in most situations, crews can’t easily assess the degree of risk of this happening until the fuel is already onboard, so segregation of bunkers is important.
The next step is managing the diversity of the viscosities of the fuels and managing any incompatibility thus observed between the different bunkers onboard: if crews must mix, then working out the ratio’s involved and any potential resultant properties is key. These are all important considerations and decisions to be made now as part of the ship implementation plan, as recommended by the IMO, allowing owners and operators the time to test, prepare and plan.
Some crews have had limited or no experience of using LSFO, and therefore crews need to be prepared for this, particularly when it comes to fuel management on board. All ships should have a fuel management protocol onboard , which is likely to be a procedure covered in the company’s ship management system. However, shipowners and operators need to go beyond this and ensure their crew have a proactive mindset to comply with the Sulphur 2020 limit. This should address an additional fuel change plan, for which the ship implementation plan will include key preparatory milestones, so considering whether there is a need to update their fuel management strategies to include bunker segregation and fuel compatibility.
A word of caution
There is some speculation that because we’re going to have a diverse range of fuel blends there will be quality issues, owners and crew will need to make sure there are barriers in place to protect against contamination if it occurs. This might not necessarily happen because all residual fuels are for the most part blended and blending has been a common practice in the shipping industry for many decades, but it’s right to be cautious. Reputable suppliers should meet the standards set out in ISO-8217, the marine fuel standard that gives the criteria of the core parameters which must be met by any fuel if it’s to be used onboard a ship. We recommend purchasing against the latest revision of the international marine fuel standard ISO-8217:2017. With this, the supplier knows the parameters and targets set out in ISO-8217 and understands that there’s clauses in the standard that expects the supplier to have quality assurance within the supply chain and consequently their responsibilities to heed to that.
When it comes to Sulphur 2020, planning is critical. Approximately 50% of the world fleet have little or no experience operating in an Emission Control Area (ECA) and having to switch to working with low sulphur fuel nor have they experienced this type of change before, so awareness for crews and preparing fuel systems and tanks is fundamental to get this change safely and effectively implemented. Yes, there are risks and safety concerns, however the industry can tackle these with a sense of confidence if sufficient planning, testing and stakeholder engagement is implemented.
Source: Lloyd’s Register
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Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
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