Emission Control to Cost Additional $100 bln for Shipping Lines
The implementation of a global sulfur cap slated for 2020 is estimated to add an additional $50-100 billion to the shipping industry's annual fuel bills, Lloyd's List reports. The spread between heavy fuel oil (HFO) and Emission Control Area (ECA) compliant marine gas oil (MGO) is expected to remain in the range of $250 and $400 per tonne, regardless of different price fluctuations, says Niels Bjorn Mortensen, head of regulatory affairs, Maersk Maritime Technology. The estimate could change depending on the future price of blended products like hybrid fuels and whether scrubbers become more common, he added. An updated global cap is expected to limit sulfur content in marine fuel to 0.5 percent from the current 3.5 percent from 2020…
Green Ship Technology Conference
The 6th Annual Green Ship Technology (GST) conference will provide insight into the progress of measuring, managing and mitigating shipping’s contribution to climate change. Coming shortly after the intercessional meeting of the IMO’s greenhouse gas working group and ahead of the 59th session of its Marine Environment Protection Committee in July, GST 2009 will hear the views of regulators in discussion and debate with industry organizations and shipping experts. IMO Marine Environment Division director Miguel Palomares and the European Commission’s Mark Major are among those set to take part in this two day conference. Proceedings will be guided by chairman of the IMO MEPC, Andreas Chrysostomou. The conference takes place this year in Hamburg on March 24-25.
IBIA Delegates Warned of Costs of Unfeasible Distillates Switch
The International Bunker Industry Association (IBIA) was told at its annual convention in Montreal this month that a new report estimates that it would cost $67b over the next five years to implement a wholesale switch from traditional bunker fuels to distillates only for the world merchant fleet. The distillates-only option was also described as “unfeasible”, due to lack of sufficient refining capacity. The report, prepared for the American Petroleum Institute (API) by EnSys Energy & Systems Inc and Navigistics Consulting, highlights the considerable costs of meeting possible stricter air emissions regulations imposed by a revised MARPOL Annex VI and…
