Sulphur cap countdown

With 2020 rapidly approaching, much of the shipping industry is trying to ascertain what the International Maritime Organisation's 2020 sulphur cap means for them. As one of the most important regulations to ever hit the maritime world, it will have an impact across the shipping ecosystem, from boardrooms to engine rooms and brokers to seafarers. Given the scale of the impact, many stakeholders are worried about what it means for their business, while some are also anticipating it could deliver them bumper profits. The Fairplay team will be tracking the key developments as we approach 2020, highlighting the risks and opportunities of this momentus change for our industry.  

News & Analysis

MPC’s AS Laetitia
15 Nov 2018
MPC has placed firm orders for five units from an unnamed supplier for installation prior to the implementation of the global 0.5% sulphur cap on marine fuels on 1 January 2020.
NYK president Tadaaki Naito.
05 Jul 2018
Japanese NYK Line teams up with Japan Marine United to launch a design for an LNG-powered bulk carrier ahead of the International Maritime Organization’s sulphur cap limit in 2020.
A total of 14 DHT VLCCs will have scrubbers installed by 2020. Credit: FOTOFLITE
03 Jul 2018
The retrofitted vessels are part of a strategy by DHT to meet the IMO's sulphur cap rules
Maersk Leticia spewing black smoke in Buenos Aires
03 Jul 2018
The introduction of more environmental regulation means even more paperwork for crews, shifting their focus from safe operations.
Carbon pollution in the air
29 Jun 2018
“No significant” reductions in carbon emissions can be achieved through the use of liquefied natural gas (LNG) as a marine fuel, a report concluded.
Frontline chairman John Fredriksen
28 Jun 2018
Feen Marine Scrubbers has entered an agreement with Norwegian tanker operator Frontline to sell a 20% share Frontline’s owner. According to Frontline, the case for scrubbers is “compelling” and, by purchasing a share of Feen, the company will secure its scrubbers ahead of the sulphur regulation’s enforcement in 2020.

Commentary

As the 2020 sulphur cap nears, access to credit could be the crunch point for shipowners.