SINGAPORE: August 02, 2019. Heavy lift cargo specialist AAL says it will apply the January 01, 2020 IMO ‘Sulphur Cap’ low-emission regulation with a surcharge using “various calculation methodologies” depending on cargo and trade route.
The company says it has spent the past year researching the options available and decided that migration to the use of low sulphur fuel with a sulphur content of 0.5 percent or less, so fully compliant with the IMO legislation, will best meet the interests of its customers, trades and industries worldwide
This fuel comprises variants such as Low Sulphur Fuel Oil (LSFO), Ultra Low Sulphur Fuel Oil (ULSFO) and Low Sulphur Marine Gasoil (LS-MGO), all currently more expensive than standard marine fuel. In this respect, not only will adoption of these fuels have profound implications for the planet but also on the economics of daily operations, says AAL.
In the multipurpose shipping sector, we know well that one size does not fit all,” explained AAL managing director Kyriacos Panayides. “Therefore, in consideration of the wide variety of cargo and trades that we handle and manage worldwide, we will be implementing various calculation methodologies to fairly share the increased cost of low sulphur fuel usage with our customers.
“These measures will come into effect from September 01 2019, as we start the arduous task of preparing our fleet for low sulphur fuel and begin bunkering same with the intent of being fully compliant with the IMO regulation by year’s end,’ he added.
The IMO has agreed the new regulation in response to the increasing global climate crisis in a bid to reduce sulphur oxide (SOx) levels produced by the entire ocean shipping industry.