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Tag Archives: IMO 2020

European Parliament Votes to Make Ships Pay for Their Pollution

Smoke from container ship

REUTERS, SEPTEMBER 16, 2020 If left unchecked, the IMO has said CO2 emissions from maritime transport could increase by up to 250% by 2050 from 2012 levels By Kate Abnett BRUSSELS, Sept 15 (Reuters) – The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union’s carbon market from 2022, …

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Scrub that: Pandemic forces ship owners to shelve anti-pollution gear

ship. dusk

REUTERS, JUNE 12, 2020 LONDON – Ship owners are postponing or cancelling the installation of “scrubbers” that extract harmful sulphur emissions from their vessels as the coronavirus pandemic tightens finances. Regulations from United Nations agency the International Maritime Organization (IMO), which took effect in January, were viewed by the oil and shipping industries as one of the first worldwide efforts …

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Container Lines Raising Rates to Offload Clean Fuel Cost

Container ship docked at port being refueled by a bunker ship along side it.

Bloomberg, January 22, 2020 By Kyunghee Park (Bloomberg) –Container-shipping companies, some of the biggest polluters of the world’s oceans, are managing to pass higher costs onto customers after switching to more expensive fuel to meet new environmental regulations that came into effect this year. Shipping rates on major routes have jumped 31% since the end of November, helping to dismiss …

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‘Snake Oil’ Goes Mainstream as Shippers Grapple With Fuel Shift

Close up aerial shot of a container ship being refueled by a bunkering ship

Bloomberg, January 19, 2020 Producers of marine-fuel additives have seen a surge in sales. Their growth reflects concern that IMO 2020 fuels may be less stable By Andy Hoffman, Firat Kayakiran, and Jack Wittels An obscure part of the global marine-fuel market, once viewed as having little value for most shippers, is about to have its day. Producers of additives — anything that …

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IMO 2020 Overshadows Hapag-Lloyd’s 2020 Profit Outlook – CEO

Hapag-Lloyd container ship in front of New York City skyline

HAMBURG, Jan 10 (Reuters)  – Tougher rules on sulphur emissions from ships set by the International Maritime Organisation (IMO) from January burden the profit outlook for Germany’s container shipping line Hapag-Lloyd this year after a good 2019, its chief executive said. “This will make it difficult for us to achieve a better (2020) result,” Rolf Habben Jansen told reporters in …

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Some shipping lines are screwing their customers with IMO 2020 fuel surcharge

Ship smoke stack belching smoke in front of coils of steel

PortandTerminal.com, January 8, 2020 LONDON – Drewry Maritime Research published a shocking chart today which shows as they very politely put it, “Extreme variations in fuel charges between carriers on the same tradelane for similar-sized ships”. While Drewry is too polite to come out and say what the chart really shows, we’re not. Some shipping lines are using the industry …

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A Major Shipping Change Is Coming, and So Are Higher Fuel Prices

Image of an oil tanker seen from the bow at sea with a large quantity of black smoke emitting from its smokestack

December 19, 2019 by Bloomberg Ships must burn less sulfur under IMO rules starting on Jan. 1. Regulations already affecting shipping and refining industries A defining moment in the history of the oil-refining and shipping industries is at hand. In fewer than two weeks, thousands of ships the world over will be forced to use fuel containing less sulfur in order to …

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Will IMO 2020 reduce far fewer deaths than initially expected?

Photo of a tanker at sea with the words IMO 2020 written above it

By Pablo Rodas-Martini, December 15, 2019 The reason for IMO 2020 is to save lives. The study elaborated by the Finish Meteorological Institute: “Health Impacts Associated with Delay of MARPOL Global Sulphur Standards,” and submitted at the 70th session of the Marine Environment Protection Committee (MEPC 70) in 2016, forecasted that 570,000 lives could be saved thanks to IMO 2020.  …

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Tankers running on fumes as shipping fuel switch causes huge delays

December 5, 2019 by Reuters Major ports are running 10 days behind schedule across fuel types. Refueling barge availability key issue By Julia Payne and Roslan Khasawneh LONDON/SINGAPORE, Dec 5 (Reuters) – Disruption to shipping from the long-anticipated switch to more environmentally friendly marine fuels has finally arrived, exacerbated by logistical problems as much as any shortage of the cleaner fuel. New …

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$1 BILLION PROFIT: Shell admits it benefited from IMO 2020 change in fuel standards

November 15, 2019 by Bloomberg Shell traders post $1 billion profit in fuel oil market ahead of IMO 2020. Admits that the company’s traders benefited from “the change in the fuel standards” linked to IMO 2020 By Javier Blas and Alaric Nightingale (Bloomberg) –Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the …

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