Insight

The IMO's 2020 sulphur limits on marine fuels – what coal exporters and importers need to know

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11 September 2018

The IMO's 2020 sulphur limits on marine fuels – what coal exporters and importers need to know

Report summary

Are you a seaborne exporter or importer of coal? Does the date 1 January 2020 mean anything to you? We're here to convince you that it should. The forthcoming change in IMO regulations on sulphur content in marine bunker fuel impacts the mix of fuel types consumed by the shipping sector in 2020. As seaborne coal exporters and importers rely on the shipping sector to move its product, shippers can expect increases in voyage rates. This insight provides the coal importer and exporter with information to ask the important questions of its supply chain. IMO 2020 regulations and forecast impacts on some key coal voyage rates are summarised in the insight. We also present three options for the bulk shipping industry to comply with the strict sulphur content reductions including high to low-sulphur fuel swapping, scrubber installations and LNG.

Table of contents

  • The winds of change are blowing for marine bulker fuels
  • How did we get to IMO 2020?
  • Crash course in marine fuels
    • Option 1: Install an emissions scrubber system and continue to run HSFO
    • Option 2: Switch from high-sulphur to low-sulphur fuels
    • Option 3: Switch to alternative fuels like liquefied natural gas
  • Fuel-switch impacts on major coal route voyage rates

Tables and charts

This report includes 8 images and tables including:

  • Timeline for enforcement of MARPOL Annex VI sulphur dioxide emission limits
  • Current and possible IMO ECAs
  • Cost implication scenarios for major Pacific and Atlantic coal routes
  • Partial Compliance Scenario
  • Full Compliance Scenario
  • 2020 NW Europe bunker fuel cost comparison (Real 2018 US$)
  • 2020-2035 NW Europe bunker fuel forecast (Real 2018 US$)
  • Dry bulk LNG fleet in dwt million

What's included

This report contains:

  • Document

    The IMO's 2020 sulphur limits on marine fuels – what coal exporters and importers need to know

    PDF 926.53 KB

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