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IMO 2020 Fuel Legislation

IMO 2020 Fuel Legislation: Update

 From 1st January, 2020, a global regulation will come into force changing the type of fuel all shipping lines must use.

The aim of the regulation is to reduce air pollution from ships. Whereas today ships can use fuel with up to 3.5% sulphur content, the new global sulphur cap will be 0.5%. Currently the cost of 0.5% sulphur fuel is higher than that of the present fuel used by the industry. This additional shipping cost will impact on fuel surcharges as from December 2019 as the ocean carriers begin to purchase this fuel in order to be compliant on 1st January 2020.

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China’s waste import changes impacting freight sector

New Chinese restrictions on imported waste, introduced since 1 January, are set to have significant implications for the international freight transport, logistics and supply chain sectors – particularly for backhaul east-west intercontinental container shipping trades, although the changes are also likely to lead to rising costs to supply chains from higher packaging costs.

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  1. AAI Group Winners at local business awards
  2. Container shipping is lightening
  3. AAI Group nominated at the Global Freight Awards 2017
  4. Why Insure Cargo?
  5. Asia-Europe box lines cut capacity by a third
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BIFA - Industry News

Freight association calls on new government to deliver on election promises

“For the last three years, freight forwarding and logistics companies have done all they can to prepare for Brexit in the face of huge uncertainties. “The mantra of the new government has been ‘Get...

Freight association lends support to diversity in logistics

As a Supporting Organisation, BIFA will be encouraging its members to enter a team for the event, which will take place in June 2020. Carl Hobbis, BIFA's training development manager, said: “By...

Shippers call for urgent changes in liner CO2 reporting

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TAPA seeks talks with Brussels on truck parking standards

The Transported Asset Protection Association (TAPA) is urging the European Commission to “listen to the voices of buyers and decision-makers” to drive the growth of the EU’s new Safe and Secure...

Drewry publishes first low-sulphur BAF reference price

Low-sulphur reference bunker index tracker . In recent months, both shippers and forwarders have expressed confusion and concern over the timing and transparency of the new charges being introduced...

Air cargo peak season off to slow start, annual demand down 3.5% in October

Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.2% year-on-year in October 2019. Capacity growth has now outstripped demand growth for the 18th consecutive month....

Most companies are looking to shift production out of China

Almost three-quarters of supply chain professionals from across multiple industries and regions are looking to relocate or shift production out of China due to various factors including the ongoing...

Revision of global rules on Customs procedures

The participants discussed and provided guidance on the direction of the comprehensive review process of the Revised Kyoto Convention. The Revised Kyoto Convention is the flagship Convention of the...

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