World News
IMO Gives Update on 2020, Low Carbon Shipping Plans at IBC Asia
The International Maritime Organization (IMO) says at the recent IBC Asia Bunkering conference in Singapore it provided an update to its plans for 2020, when the sulfur cap for marine fuel lowers to 0.50%, as well as its efforts towards "low carbon shipping and air pollution control"
IMO’s Edmund Hughes was said to have provided the update to the work being carried out by the Organization to support "effective and consistent implementation of the 0.50% global limit on the sulphur content of fuel oil."
"Preparations by the bunker industry for complying with the sulphur limit was one of the key issues being discussed at the conference (26-28 July). These included strategies surrounding likely types of compliant fuel oil, use of exhaust gas cleaning systems, and development of a bunkering infrastructure to supply gas for use as an alternative fuel," said IMO.
"Mr. Hughes also highlighted progress on the roadmap for the development of a comprehensive IMO strategy on reduction of GHG emissions from ships."
Further details on decisions taken at the Marine Environment Protection Committee’s 71st session (MEPC71) in July can be found here: http://www.imo.org/en/MediaCentre/MeetingSummaries/MEPC/Pages/MEPC-71.aspx
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 648.00 | 2.00 | 808.00 | 10.00 |
| Rotterdam | 613.50 | 4.50 | 792.00 | 21.50 |
| Houston | 646.00 | 3.00 | 851.00 | 13.50 |
| Fujairah | 647.50 | 1.50 | 900.00 | 0.50 |
| Global 20 Ports Average | 672.50 | 0.50 | 896.50 | 0.50 |
| Global 4 Ports Average | 638.50 | 2.00 | 838.00 | 4.00 |
| Global Average Bunker Price | 727.00 | 2.00 | 943.00 | 2.00 |
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