ShipParts.com - Improper operation of low sulfur oil may increase additional costs
There are still 17 months, and the 0.5% sulfur limit will be implemented in 2020. Some insiders reminded that improper operation of low-sulfur oil may cause mechanical failure and cause losses. Rama Chandran, head of marine insurance at QBE Singapore, an Australian insurance company, said the company is very concerned about IMO's 2020 sulfur limit and the risks associated with the use of low-sulfur oil. In recent months, some large shipowners have decided to install scrubbers on large ships on fixed routes. But for most shipowners, at least during the time when the new regulations are implemented, low-sulfur oil will be the most important choice. The problem is that more than 50% of shipowners have not yet decided how to deal with the new regulations. In the case of 17 months, some shipowners are likely to be under-prepared when using low-sulfur oil. If mixed fuel or other improper use, it poses a potential risk. Mechanical claims for mixed low-sulfur o...