Unioil Supply is ready to guide, support and provide its customers and business partners with the best suitable solutions, complying with the new conditions in 2020.
The 2020 global sulphur limit – what does it mean?
The International Maritime Organization (IMO) has announced a global sulphur limit of 0.5% on marine fuels effective from 1st of January 2020. The changes mean that all shipowners, as of 2020, are obligated to deduce maximum 0.5% sulphur outside ECA areas. The global sulphur limit will be followed by radical changes and will lead to a number of challenges for the shipowners, such as product availability, pricing structure, credit and financial impact and enforcement mechanisms.
How to stay compliant?
Shipowners are required to use VLSFO 0.5%, Gasoil less than 0.5% or invest in an exhaust scrubber system to stay compliant outside the ECA areas. Market spectators expects VLSFO 0.5% fuels to be available in almost all areas in 2020, however questions of availability and compatibility persist. The shift in demand from HSFO 3.5% to a lower sulphur product will affect the forward value of Gasoil in an upward direction, while the value of HSFO 3.5% will decline compared to products with lower sulphur.
Unioil Supply predicts following fuel options in 2020 and onwards:
▪ Gasoil less than 0.5% outside ECA areas
▪ HSFO 3.5% (scrubber system required)
▪ VLSFO 0.5%
▪ LNG (less but increasing)
Be prepared for the future conditions
Unioil Supply is a specialist in customizing specialized bunkering solutions and full-service concepts, including a strong knowledge about tailored scrubber installations. Our knowledge about scrubber installations is supported by our business partner and specialist; ECA Engineering.
By analyzing and understanding the specific needs and requirements of our customers and business partners, we constantly focus on finding the best solutions, optimization and improvements for our customers and business partners.
We see a number of upsides in being prepared for 2020, such as the opportunity of staying compliant, save money on fuel costs, secure product availability and increase competitiveness towards competitors, whom are not prepared for 2020 in the best possible way.
A highly experienced team at your service
Unioil Supply is a reliable and flexible supplier of all fuel products with strong competencies in related services such as bunker management, oil price hedging, finance and credit solutions, sourcing and logistic.
The team of experienced and dedicated employees focuses on delivering a high level of quality, service and flexibility 24/7/365, to the benefit of customers and business partners. The customers vary from the fishing, shipping, offshore industry, commercial industries and different public institutions, e.g. navy fleets.
Unioil Supply operates based on a QHSE Management System that meets the requirements of the international standards ISO 9001:2015 and ISO 14001:2015, which are both certified by DNV GL.
For more information about Unioil Supply and our outlook for 2020, including the different opportunities and solutions we see, please do not hesitate to contact:
Direct: +45 88828106
Mobile: +45 40707285