Fri 8 Jul 2016 14:45

IBIA examines implications of Brexit


Association looks at how ship operators and ports could be affected by the UK's decision to leave the EU.



The International Bunker Industry Association (IBIA) has today (8th July) published a paper examining the potential implications for ship operators and ports following the UK's decision to leave the EU.

'Brexit and sulphur regulations - what now?' looks at a range of scenarios including their impact on existing Emission Control Areas; the potential for the UK's west coast ports to attract more shipping and the impact on Gibraltar which is the Mediterranean's leading bunkering port.

Commenting on the potential impact of the UK's changed status, IBIA Chief Executive Peter Hall said:

"Brexit has thrown up so many potential scenarios, which when combined with a decision from the IMO regarding the timing of a global sulphur cap, could lead to very different trading patterns and opportunities in particular for Bristol and Liverpool ports. However, shipping companies whose operations fall mainly in UK west coast waters will continue to face uncertainty over whether they should install scrubbers in time for 2020, or if the UK will allow them to use higher sulphur fuels in UK waters until 2025."

The paper looks at a range of possible scenarios:

- Impact on English Channel ECA
- Impact on UK west coast ports
- Impact of UK deciding to replace EU sulphur regulations with less stringent requirements
- Impact of delayed 0.5% global sulphur cap
- Impact of Scottish decision to remain in EU
- Impact on Gibraltar as a bunkering hub

A full copy of the report can be downloaded at ibia.net/ibia-investigates-brexit-and-sulphur-regulations-what-now/

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.

A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.

Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.

Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.

Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.

Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.

Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.


↑  Back to Top