World News
0.50% Global Sulfur Cap to Be Met With "Limited" Large Scale Non-Compliance: Report
The International Maritime Organization's (IMO's) global 0.50 percent sulfur cap on bunkers, which is set to be implemented in 2020, will be met with "limited" large scale non-compliance, a new report by Barry Rogliano Salles' (BRS') Tanker Department has noted.
"All major shippers and the bodies representing them such as the International Chamber of Shipping have stated that they will comply with the new regulations, suggesting limited large scale non-compliance with a global cap in 2020," explained the report.
BRS notes that the current North European Emission Control Area (ECA) enforcement situation is somewhat unclear as each state is responsible for policing its own waters - a situation that BRS says generates disparities in penalties across countries.
"It is therefore anticipated that the imposition of a global cap will raise similar issues to those in EU waters but with the additional complication that no organisation or state is responsible for policing the high seas."
As a result, BRS' report points to the possibility that enforcement could be conducted at port though bunker note inspections, or even through the prevention of vessels from bunkering fuel oil unless a scrubber is available for use onboard.
Since IMO made it's decision on the 2020 sulfur cap date enforcement as been a growing point of concern, and as Ship & Bunker reported earlier this month, the European Community Shipowners' Associations (ECSA) is among those calling for IMO to ensure a "level playing field" when the new rules come into effect.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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