As the shipping industry begins to switch to low sulphur marine fuels, market dynamics are set to change, and new trade flows emerge. Traditional relationships between regional bunker pricing hubs may begin to break down as IMO compliant fuel prices become volatile. To manage risk exposure, IMO marine fuel price assessments at regional bunker hubs are required. These provide more relevant pricing that is reflective of local market dynamics. Argus has regional price assessments for IMO compliant fuels at key bunker ports around the world: Find out more in this infographic
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Maritime UK has launched an updated version of the industry Code of Practice for autonomous vessels, assisting owners and interested parties on following specific guidelines, focusing on safety, environmental protection and right choice of technical solutions. The shipping industry is experiencing rapid development in the smart sector; Thus these changes demand updated and relevance guidance for thus owning and operation Maritime Autonomous Surface Ships. Read more
The shipping industry is beginning to suffer teething issues with scrubber operation on board ships and it is assumed that this will continue, warned a bunker broker. In addition, issues are beginning to come to light with 0.5% low sulfur bunker products, according to Dubai-based Nautical Supply International. The company said it was working with several suppliers that have identified issues with cargoes purchased - mainly stability issues but also a few instances of marginal sulfur results, which have resulted in some suppliers who were intending to offer a straight run product having to blend a little. More information
The IMO Compendium is a tool for software developers that design the systems needed to support transmission, receipt, and response via electronic data exchange of information required for the arrival, stay, and departure of the ship, persons, and cargo to a port. By harmonizing the data elements required during a port call and by standardizing electronic messages, the IMO Compendium facilitates the exchange of information ship to shore and the interoperability of single windows, reducing the administrative burden for ships linked to formalities in ports. The IMO Compendium consists of an IMO Data Set and IMO Reference Data Model agreed by the main organizations involved in the development of standards for the electronic exchange of information related to the FAL Convention. Since July 2019, the IMO Expert Group on Data Harmonization (EGDH) is responsible for the technical maintenance of the IMO Compendium and for further expanding its data set and data model to areas beyond the FAL Convention, including exchange of logistics and operational port and shipping data. The first meeting of this expert group took place from 4 to 8 November 2019 at IMO. Access the HTML version of the IMO Compendium
