Preparing for change
As we built up to the IMO decision last month, the global sulphur cap was undoubtedly this year’s most hotly debated topic.
At SMM we hosted a debate on the subject to discuss the implications, challenges and opportunities facing the industry should the global cap come into force in 2020 or 2025. Held in partnership with IHS Markit, we were joined by representatives from across the shipping industry including ship owners, engine builders and insurers.
Whilst we were uncertain of the decision at this point, or even how these regulations would be enforced, the options available to ship owners were clear concerns. Our experts, Iain White and Steve Walker, were clear that there is no ‘magic bullet’ to solve the puzzle. Take a look at the full write-up of the roundtable in IHS Fairplay.
The IMO decision also dominated discussions at SIBCON – the world’s largest bunkering event, held in Singapore last October – with a host of insightful debates and panels.
A number of ExxonMobil technical spokespeople attended the event, including Eddy Van Bouwel, Senior Advisor, who drew upon his extensive experience in Refining and Supply and John Larese, Technical Liaison Manager, who took part in a panel discussion on the topic of fuel quality purchasing top-tips. Our LNG Venture Manager, Luca Volta was also there to discuss the ever-broadening fuel mix, with a particular focus on the role of LNG.
What’s clear is that there is no one solution for vessel operators; we are indeed heading for a multi-fuel future. Operators will now need to weigh up the available options – including scrubbers and LNG – and decide the best solution for their vessel.