BIMCO Bulletin

BIMCO - Bulletin December 2019

CONTENTS December 2019 oto ph Bunker prices will rise, regardless of type, at 2020 start MABUX As the IMO sulphur regulation date nears, availability of the new, very low-sulphur fuel oil is moving in the right direction although too slowly high-sulphur fuel oil inventories are shrinking globally at ports, and demand for marine gas oil is about to rise significantly. Marine Bunker Exchange (MABUX) outlines what it expects in the first three months of the year. High-sulphur fuel stocks drop at ports for ships with scrubbers The number of ports at which highsulphur fuel oil (HSFO) is offered is reducing and could be limited for ships equipped with scrubbers in the first months after 1 January 2020, when the IMO sulphur regulation takes effect, according to Marine Bunker Exchange (MABUX). Paris MoU Port State Control aims for harmonisation, recognises challenges The Paris MoU on Port State Control aims to harmonise inspections and their outcome under the new IMO sulphur regulation. However, a number of factors will make it challenging. Carien Droppers at Paris MoU on Port State Control, is asked what to expect. Foreword Questions remain about 2020 from Angus Frew, Secretary General & CEO at BIMCO BIMCO BIMCO news New BIMCO members Economy North of England sees many 2020 bunker pitfalls Market analysis from Peter Sand & Emily Stausbll Read the latest assessment from BIMCOs shipping analysts on: Macroeconomics Tanker shipping Container shipping Dry bulk shipping Maersk: what cyber attacks look like today and whats coming How to prepare your company for a cyber attack: Maersk Cyber attacks sponsored by state nations, blackmail and the targeting of operational technology for hijacking the cyber security threat has changed significantly since the NotPetya attack hit A.P. MollerMaersk in 2017. The groups Chief Information Security Officer, Andy Powell, tells the Bulletin what the threats look like today and what is coming. A.P. Moller-Maersk learned some valuable lessons when the group was attacked by the devastating NotPetya malware. Today, the nature and aim of cyber attacks has changed significantly. Andy Powell shares seven pieces of advice on how to protect your business and more importantly how to recover. Regulation Bunker prices will rise, regardless of type, at 2020 start MABUX High-sulphur fuel stocks drop at ports for ships with scrubbers Paris MoU Port State Control aims for harmonisation, recognises challenges Safety The link between crew welfare and safety New safety measures needed to cut fatalities in enclosed spaces Security Maersk: what cyber attacks look like today and whats coming How to prepare your company for a cyber attack: Maersk Support & Advice Support & Advice: Time charter redelivery at the end of the charter period Technology and efficiency 2020 freight rate negotiations will be as tough as necessary Shipowners can take many steps to prepare themselves, the crew and the fleet for 1 January 2020. But not all scenarios can be prepared for, or even controlled, and having to debunker tonnes of non-compliant fuel is something everyone fears. Market analysis BIMCOs Shipping Market Analysts share their assessment and outlook on the macro economy, bulk, tanker and container markets. Did you know that you can read the Bulletin on your tablet? Download the app: Blockchain and synthetic DNA can increase bunker supply transparency Published by BIMCO Bagsvaerdvej 161, 2880 Bagsvaerd, Denmark. Telephone: +45 4436 6800. pr@bimco.org Secretary General & CEO: Angus R. Frew Editor in Chief: Rasmus Nord Jrgensen Editor: Mette Kronholm Frnde Graphic artist: Michelle Meyhoff Articles written by outside contributors do not necessarily reflect the views or policy of BIMCO. Copyright No article may be reproduced by any means in whole or in part without the written permission of BIMCO. Google Play and the Google Play logo are trademarks of Google LLC. Apple, the Apple logo, iPhone, and iPad are trademarks of Apple Inc., registered in the U.S. and other countries and regions. App Store is a service mark of Apple Inc. Connect with BIMCO Facebook Twitter Linkedin YouTube