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.
Choi Jong-ku
19 Oct 2018
South Korean shipowners have been urged to continue restructuring its business strategy.
Chung Ki-sun
19 Oct 2018
HGS’s sales peak as more shipowners install scrubbers.
A Stena Bulk carrier at sea
16 Oct 2018
The all-inclusive cost, including the price of the scrubber, installation, and loss of hire, will be USD3–4 million per ship.
H-Line’s HL Dangjin, seen here operating by another company
15 Oct 2018
The ships, which will ply the Australia–South Korea route 10 or 11 times a year, will be used to transport cargoes for POSCO from 2021.
Drydocked vessels
11 Oct 2018
Brighter prospects for the dry bulk sector come as Pacific Basin saw timecharter equivalent earnings for its Handysize and Supramax vessels hit a five-year high in the third quarter.

Commentary

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