![]() LSMGO: Low Sulfur Marine Gas Oil (0.1 Percent Sulfur)Ī version of MGO with sulfur content less than or equal to 0.1 percent by mass.Ī marine fuel comprised exclusively of distillates that closely compares to the chemical composition of diesel and heating oil. The investment required to retrofit a vessel for LNG – in addition to its higher cost – will likely limit its initial usage. LNG bunkering infrastructure will be far less prevalent than other fuel types. Naturally has low NOx and SOx emissions, making it compliant with the IMO’s new sulfur cap. IFO 380 is a specific type of HSFO and tends to be one of the cheapest marine fuels on the market. IFO 380: Intermediate Fuel Oil (3.5 Percent Sulfur)Ĭurrent conventional high-sulfur fuel oil with a maximum viscosity of 380 centistokes and 3.5 percent sulfur content by mass. with differences in viscosity and density by fuel type. HSFO is a broad category for high-sulfur fuels that is comprised of IFO 380, IFO 180, etc. Scrubbers can be installed across commercial maritime fleets to remove sulfur from its exhaust to make it a compliant fuel. Will be a non-compliant fuel after Januaccording to the IMO’s updated sulfur limit. HSFO: High Sulfur Fuel Oil (3.5 Percent Sulfur) New IMO regulations beginning in 2020 will cap the sulfur content in marine fuels to 0.5 percent by mass. Used as the measure for sulfur content in marine bunker fuels. Barrels are used as the unit of measure in the energy industry. Marine fuel grades have different densities, leading to different conversion factors between metric tons and barrels of fuel.Ī common measure of oil and refined product production, inventory, trade etc. The most common unit of bunker fuel sales. Sulfur oxides contribute to air pollution.Ī chemical compound created through the reaction of sulfur molecules in petroleum products and oxygen molecules after the fuel is consumed and exhaust is emitted. High-sulfur fuel usage will see significant declines unless scrubber adoption significantly grows across fleets.Ī component naturally found in crude oil that also resides in refined products utilized in commercial transportation. Open, closed, and hybrid are the three most common types of scrubbers, and are utilized to achieve compliance in ECA/SECA regions. IMO enforcement measures cover all realms of global container shipping to ensure the world’s most efficient method of getting goods to market is done effectively.Ĭommonly referred to as a scrubber, EGCS is a mechanism installed onboard marine vessels that cleans harmful sulfur oxides from exhaust gases. The United Nations’ regulatory body responsible for monitoring the safety, security, and environmental performance of global maritime shipping. The fuel consumed within ECAs and SECAs can be accounted for with a separate surcharge, but this varies by BAF. ECAs and SECAs can be designated for particulate matter, nitrous oxide, and/or sulfur oxide, all of which are types of emissions let off by ocean vessels. Sea regions where more stringent controls are implemented to limit the amount of airborne container ship emissions when transporting goods on the open seas. Terms About the Marine Regulatory EnvironmentĮCA/SECA: Emission Control Areas/Sulfur Emission Control Areas One 20-foot container is equivalent to a TEU, and two TEUs is equivalent to one FEU. Like FEUs (see above), the number of TEUs held onboard varies based on vessel capacity. One 40 foot-container is equivalent to a FEU.Īnother common standardized container type hauled in the commercial maritime industry that measures volume in twenty-foot long units. Depending on vessel capacity, the number of FEUs held on board varies. One of the two most prevalent standardized containers hauled in the commercial maritime industry that measures volume in terms of forty-foot long units. BAF is often interchangeable with BRC (Bunker Recovery Charge). Marine Shipping Operational TermsĪ fuel surcharge passed from ocean carriers to shippers on a per-container basis that protects the carrier from fuel price fluctuations and variability across trade lanes. Organized by theme, we collected a list of commonly used acronyms and abbreviations and explained exactly what they mean in the context of the marine industry. ![]() Equip yourself with the best, most complete information so that, as a shipper, you can make informed strategic choices. It can make the evolving landscape – especially as it pertains to the impending IMO 2020 sulfur regulations – a confusing challenge to navigate. The international maritime industry is flooded with jargon.
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