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

Epic Gas’s Epic Bermuda
14 Nov 2018
Charles Maltby believes that the price differential between heavy-sulphur fuel oil and low-sulphur fuel oil will be negligible.
A Hyundai Glovis vessel at sea
10 Oct 2018
Hyundai Glovis reportedly stated that having expanded into wet bulk in 2014, its business has reached maturity and it is turning its attention to high-value businesses such as LNG and LPG shipping.
Rolf Habben Jansen, chief executive officer of Hapag-Lloyd
08 Oct 2018
The move follows similar initiatives by its larger competitors – Maersk, MSC, and CMA CGM – over the past weeks.
Grimaldi Group managing director Emanuele Grimaldi
08 Oct 2018
Grimaldi Group managing director Emanuele Grimaldi says it is easier to work out the odds in a football game than to predict the price of fuel when the 0.5% sulphur cap comes online in January 2020.
Keppel is optimistic about small-scale LNG projects. Credit: John Gurton
08 Oct 2018
Stolt-Nielsen Gas BV (SNG) and Keppel Singmarine signs contract for exercising options for two more small-scale LNG carriers.
04 Oct 2018
In what was described as the biggest technology challenge for shipping in 100 years, they said a shift to a low-carbon economy by 2050 has the potential to create new opportunities for business through both technological innovation.

Commentary

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