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THIS EVENT IS A WEBINAR.


In the lead-up to COP26 Glasgow, UK in November 2020, BritCham is discussing how the refining, trading and shipping industries have coped the first weeks under IMO2020 regulations.


These rules limit the sulphur content of shipping bunker fuel leading to impacts for all sectors.


We will cover the impacts concerning marine fuel and the ripple-on effects across industry, supply chains and logistics costs as users of petroleum products may be exposed to price volatility or shortages of supply. 


THE PANEL WILL DISCUSS:

  • Introduction of bunker fuel regulations on 1 January 2020 by the International Maritime Organisation (IMO), the United Nations' body responsible for the safety and environmental performance of the shipping sector.
  • Impacts for refining and trading sectors.
  • Drivers for alternative fuels, scrubbers and innovations in efficiency of propulsion in shipping including, LNG, Hydrogen and hybrid systems.
  • Governance and stakeholder engagement – how one sector tackled climate-change issues and the lessons learnt; looking ahead to IMO2050.

WHY YOU SHOULD ATTEND


IMO2020 requires Compliance with MARPOL VI.

Companies need to prepare for change with equal emphasis on compliance, economic and capital impacts, and market risk management 


  • MARPOL Annex VI mandated a shift from 3.5% to 0.5% sulphur content in ships' fuel from January 1, 2020 
  • In 2020, market participants will continue to adjust as spot and forward markets stabilise 
  • The new sulphur specification will have a disruptive effect across the supply chain presenting both threats and opportunities for shippers, refiners, traders and multiple industry segments including transportation and logistics.


With special thanks to our Breakfast Club Series Partner, The Fry Group.


This joint event is presented by our Energy & Utilities Committee, Transport, Logistics and Supply Chain Committee and Sustainability & Responsibility Committee.


Thank you to our Supporting Partner, The Energy Institute.


Note:

This event is a webinar and the link to this online event will be issued to attendees the day before the event.  

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