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INTERCARGO FORECASTS FUEL SULPHUR CHALLENGES AHEAD

Monday, October 12, 2020 

Dry bulk trade body Intercargo has held a series of virtual meetings to discuss various issues of concern, including Covid-19, decarbonisation and fuel sulphur regulations.

Chairman Dimitrios Fafalios said: “January ushered in the widespread, but not worldwide, availability of Low Sulphur Fuel Oil for ships’ bunkers. Intercargo joined with other international shipping organisations in assisting our industry to make this challenging transition successfully, focusing on the issues of safety, quality and availability as primary concerns for operators in the dry bulk sector.  To support this transition, Intercargo has worked alongside the Roundtable Organisations to develop and implement a detailed survey aimed at evaluating the introduction of the new fuels. Despite the survey being overshadowed by worldwide events, the results indicated that quality and safety problems will continue to be a challenge for the global shipping industry. A follow-up on this research is planned in the next few months.”

While shipping is the most environmentally friendly transport mode, and the dry bulk sector especially takes pride in that respect, the further reduction of greenhouse gas emissions from ships is the greatest environmental challenge ahead of the sector. Intercargo strongly supports the initial strategy and roadmap developed by IMO. However, global challenges require global solutions. Intercargo expects IMO to deliver a level playing field both geographically and across industry sectors, as time and time again regional regulations have proven ineffective, through creating distortions, multi-tier markets and trade tensions.

 

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