Bunker market not ready for IMO 2020

June 19, 2019 /

The bunker market is far from ready for the substantial switch in demand to low-sulphur fuel, when the IMO’s 0.5% cap comes into force on 1 January next year, according to the Marine Bunker Exchange (MABUX).  In an article published by international shipping association BIMCO, the bunker exchange cautions that “shipowners are ready, but the bunker market…

UK shipping sector wants assurance on four areas of concern over IMO 2020

April 24, 2019 /

The International Maritime Organisation has been urged to clarify four areas of IMO 2020, as carriers scramble for compliance with the forthcoming low-sulphur fuel limit. The “once-in-a-generation disruptor to shipping’s commercial environment” takes effect on 1 January 2020: a fuel sulphur content limit of 0.5%, down from 3.5% in some parts of the world, at…