Lower emissions standards for global shipping start at year-end

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❝ Tens of thousands of ships sailing the world’s oceans burn more than 3 million barrels of sludge-like high-sulfur fuel every single day. But, starting next year, the shipping industry will have to comply with rules that should dramatically reduce sulfur emissions.

“It is the biggest change in oil market history,” Steve Sawyer, senior analyst at energy consultant Facts Global Energy, told CNBC.

“It is going to affect crude oil producers, traders, ship owners, refiners, equity investors, insurance companies, logistical businesses, banks… Who’s left? I’m struggling to think of anyone it might not affect. That’s why it is a huge transition,” Sawyer said.

RTFA. Take a good look. Creeps still owned by the fossil fuel industries – like the dolt in the White House – will whine louder than ever about how unfair this all is to the shipping industry.

2 thoughts on “Lower emissions standards for global shipping start at year-end

  1. 啊嗬! says:

    China’s maritime authority has banned the discharge of “wash water” used in ships to strip hazardous sulphur emissions from engine exhaust gases from Jan. 1 for some river and coastal ports in emission control areas (ECAs), where ships are already limited to burning only fuel with a sulphur content of 0.5 percent, according to a government document reviewed by Reuters. https://uk.reuters.com/article/china-marine-fuel-pollution/china-bans-discharge-from-open-loop-scrubbers-at-some-ports-document-idUKL3N1Z82VV The ban on water discharge from so-called open-loop scrubbers is part of an effort to prepare for International Maritime Organization (IMO) rules that will ban ships from using fuel oil with a sulphur content of more than 0.5 percent from 2020, compared with 3.5 percent now, unless they are equipped with exhaust “scrubbers” to clean up sulphur emissions.
    China’s Maritime Safety Administration (MSA) also plans to ban ships using marine fuels with a sulphur content of more than 0.5% from entering Chinese jurisdiction of sea regions from 2020, and ships using fuel with a sulphur content of more than 0.1% will be banned from entering the Yangtze and Xijiang river regions from 2022.
    It will also ban vessels carrying fuel oil with a sulphur content of more than 0.5% from entering Chinese water from March 1, 2020.

  2. Ahoy says:

    “The 340-Mile Line of Ships Waiting to Clean Up Their Act” (Bloomberg 8/1/19) https://www.bloomberg.com/news/articles/2019-08-01/the-340-mile-line-of-ships-that-are-getting-scrubbers-fitted “…Over the course of this year, about 2,200 ships will install so-called scrubbers that allow them to keep burning more-polluting fuel that will otherwise be banned. Put all of those vessels in a line, and they’d stretch about 340 miles, according to figures from ship-classification company DNV GL. Much of the work is being crammed into the fourth quarter, threatening to drain capacity from the global fleet.
    The work is building up before new rules from the International Maritime Organization that will curb the amount of sulfur oxides vessels can emit from January 2020. With ships able to keep using today’s cheaper fuel by installing scrubbers, a chunk of the global fleet will do precisely that. As such, many carriers will be out of service for weeks at a time from now through year-end for refits — good news for shipowners as those who charter vessels find fewer available.
    “This will knock out quite a lot of ships off the market and by reducing their supply, it will also boost shipping rates, especially in the fourth quarter,” said Burak Cetinok, head of research at Arrow Shipbroking Group in London. “We expect a lot of disruptions to vessel supply.”

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