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In little more than two years’ time, the global cap of 0.5% sulphur bunker fuel will come into play. That decision, taken by IMO at its MEPC 71 meeting, is a game-changer for shipping. Ship owners and operators must start planning now for significant changes to emissions regulation or suffer the consequences.


Our panel of leaders in maritime and risk will discuss instruments and strategies needed to mitigate risk, maintain access to capital and avoid earnings volatility.

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Lloyd's List Business Briefing: London

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September 11th 2017 | 8 Northumberland Avenue, London

There is no charge to attend the meeting. However, for planning purposes, pre-registration is required.

Mitigating risk in a mixed

fuel future

Event agenda:

14:00 – Registration and networking

14:45 – Welcome from Lloyd’s List

14:55 – Understanding the complexities of modern Shipping

15:00 – Panel 1: Are we sleepwalking towards a crisis in 2020?

15:55 – Panel 2: What are the legal implications of failing to find a solution? 

16:50 – Drinks and networking

19:00 – Close


In association with:

Sorry. Registrations for this event are now closed.

Joe Walsh 

Partner

Clyde & Co


Joe Hughes
Chairman and CEO American Club


In association with London International Shipping Week

Iain White
Global Marketing Manager
ExxonMobil Marine Fuels & Lubricants


Our expert panel

Dele Adewale
Senior Trade Services Officer
Zenith Bank 


Henriette Brent-Petersen
Managing Director

Global Head of Shipping
Offshore Research

DVB Bank

Panel 2: What are the legal and insurance implications of failing to find a solution?

Panel 1: Are we sleepwalking towards a

crisis in 2020?

Our Chair

Joe Walsh

Tim Wilson
principal specialist, fuels, lubes and exhaust emissions Lloyd’s Register


Richard Clayton
Chief correspondent Informa/Lloyd's List

Philip Roche
Partner
Norton Rose Fulbright 


In little more than two years’ time, the global cap of 0.5% sulphur bunker fuel will come into play. That decision, taken by IMO at its MEPC 71 meeting, is a game-changer for shipping. Ship owners and operators must start planning now for significant changes to emissions regulation or suffer the consequences.


Our panel of leaders in maritime and risk will discuss instruments and strategies needed to mitigate risk, maintain access to capital and avoid earnings volatility.


If you ask yourself:

1. What kind of market intelligence is available to minimise as much risk as possible?

2. How can I gain new business opportunities in the 2020 mandate?

3. Are there any tools to help me to base my long term business strategy on?


Register for the Lloyd's List Business Briefing today.

September 11th 2017

8 Northumberland Avenue, London

London

Venue and topic

A key implication of the 2020 mandate is that vessels will only be allowed to use high sulphur, heavy fuel oil (HFO) if an exhaust gas scrubber has been installed. Operators may choose to install a scrubber, or they may consider a range of options including:


  • Distillates i.e. marine gas oil (MGO)
  • New low sulphur fuels
  • Fuel blends
  • Premium ECA category fuels
  • Liquefied natural gas (LNG)


White said: “Each option will need to be assessed by owners, taking account of vessel type, route, age, engine and strategy. It’s unlikely one compliance option will win out overall.”


Such warnings include the possibility that some 0.5% sulphur fuels may have high levels of cat fines (particles) that can cause significant engine damage, leading to expensive repairs and potential vessel delays. Operators will also have to carefully match cylinder oil to the type of fuel chosen – again, to avoid engine damage. Fuel supply may be another factor: fuel sellers may change refinery streams to access new, compliant products, with associated potential disruption.


“Operators may have to contend with major issues around fuel compatibility, stability and availability as we move into a post-2020 world, so they absolutely need to be considering the options that best fit their operation now, and not hold off until the eve of 2020,” White warned.

The IMO ruling will force shipowners to radically reduce the marine sulphur usage by seven times below the current limit of 3.5%. Shipowners and operators are being urged to start planning now for looming, historic emissions changes, or face significant potential consequences.


Iain White, Global Marine Marketing Manager for ExxonMobil, said: “The measure will reshape the industry. We’ve had 30 years of ocean going vessels operated in a single fuel environment. The marine industry is heading for a mixed fuel, or multi-fuel future. What is right for one ship or fleet might not be for another, so understanding your operation and making a fuel decision that best fits is key.”

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