London Meeting Urges Early Review of MDO Bunker Avaiability

MarineLink.com
Wednesday, September 11, 2013

Governments and industry representatives met in London during the current London International Shipping Week to discuss the future availability of low-sulphur fuel which will be needed for ships to burn in order to comply with planned anti-air pollution legislation.

The sulphur limit for fuel used in seas other than specially designated emission control areas, which have stricter limits, is currently 3.50%, and will be reduced to 0.50% from 1 January 2020 – subject to a review of the availability of 0.50% sulphur fuel.

As part of London International Shipping Week, Secretary-General of the IMO, Koji Sekimizu, and Shipping Minister Stephen Hammond hosted an event for invited representatives of maritime nations and international industry associations at which the hosts stressed the importance of dispelling the uncertainty which surrounds the start date for the review and highlighted a way forward.

Mr Sekimizu said:
"IMO has set a goal for sulphur regulations in 2008 and the current global target is set for 2020. It is important for IMO to act now to have a clear picture on the availability of the required quantity of the low-sulphur fuel as soon as possible.

Annex VI stipulates that the review must be completed by 2018, but there is nothing to say that it cannot be completed earlier. Indeed, there is a strong argument that early completion of the review of the availability of low sulphur fuel will give more time for all concerned, including the refinery industry, to take the necessary action and react in time to meet the requirements if such a need is identified."

Mr Hammond said:
"Reaching agreement on the new sulphur limits in 2008 was a notable achievement, and as a consequence enhanced the reputation of the IMO. Now it is vital to agree the timing of this review. Uncertainty around dates is likely to delay crucial investment decisions and industry needs a clear steer. All sectors of the shipping and petro-chemical industry would be better able to plan, control costs and manage the transition once we have a date for the review."

Mr Hammond added that the UK plans to submit a paper on the subject for the consideration of the next session of the IMO’s Marine Environment Protection Committee next spring.


 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

PHA Budgets $ 275 mi for Capital Improvements

In 2015, the Port of Houston Authority has budgeted $275 million for various capital improvement projects. About $184 million is being allocated to its container

Environmental

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

European Shipping Week Announces Speakers

Adam Goldstein, President and COO of Royal Caribbean Cruises, Pierfrancesco Vago, Chairman of CLIA Europe and Executive Chairman of MSC Cruises, and Paolo Tonon,

Fuels & Lubes

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Cosco Profits Boosted by Low Fuel Prices

China Cosco Holdings ended 2014 in profitable territory, growing its net earnings by 50 percent to $56 million on the back of cost cuts, improved revenue and lower bunker fuel prices.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0940 sec (11 req/sec)