parent, I used to think that when my two boys got older, the
normal parenting problems would diminish in size and importance
as the kids developed and matured
.now, with two teenagers
I can definitely say that this is not the case, the issues
grow in size, importance and complexity, and I am sure that
most parents would agree with me.
about these private developments led me to compare them with
the way in which my own particular area of the Maritime Industry.
Bunkering, has changed so much since I started in London in
then the main standard specifications revolved (mainly) around
"British Standards" and "CIMAC", there
were fewer suppliers, the crude oil was not being cracked
down to the nth degree, the derivative markets had not yet
developed and communications by email were just starting (although
I can still remember the chatter of the telex machine behind
me) and I am sure that I have left out a bunch of other items,
but you get the idea. They appear to have been simpler times
and the problems do not seem to have been so complicated.
then our Bunker Industry has been developing and maturing
in a lot of different ways. At the well attended CMA lunch
on Thursday 29th May, Stephen Gumpel of ABS gave a great presentation
about the current and upcoming difficulties, pointing out
that there remain a number of gray areas which may only be
subject to local influence and other issues.
solutions and effect of these restrictions will probably only
become apparent once the market adapts to the upcoming regulations,
the most pressing of which is the ECA (Emissions Control Area)
max sulfur limit of 0.1 pct coming into effect on January
is something that everyone should watch closely because, with
the replacing of the LSFO (Low Sulfur Fuel Oil) requirement
at the end of 2014, with the max 0.1 pct sulfur limit in January
2015, there is no doubt that suppliers will probably move
quite early to run down their supply of LSFO, and replace
it with the much more expensive 0.1pct product which, it currently
seems, will be an LSMGO (Low Sulfur Marine Gas Oil).
will want to be caught with a tank full of a redundant LSFO
product which they would probably have to downgrade to an
HSFO in order to sell.
areas, market uncertainties, is there going to be enough 0.1
pct product available for the increased demand? No-one knows
for sure. As you can see the difficulties are more complicated
and just as important as they ever were, and the 0.05% standard
for 2020 is still on the table at IMO.