Sulphur Products News

China's exports of marine fuel in March plunged 15% from a year ago, customs data showed on Wednesday, hit by high prices and COVID-19 curbs at domestic ports.March shipments were 1.42 million tonnes, data from the General Administration of Customs showed. Most of this was very low-sulphur fuel oil (VLSFO), with a maximum sulphur content of 0.5%, to meet the emission rules of the International Maritime Organization.The volume was up from 1.31 million tonnes in February but was…

The industry in the port of Rotterdam has released less CO2 into the atmosphere for the second year in a row.According to new figures published by the Dutch Emissions Authority (NEA), the sector has cut its emissions by 13.6% (4.2 million tonnes) over the past two years.For the second year in a row, industry in the port of Rotterdam has released less CO2 into the atmosphere. This becomes clear from new figures published by the Dutch Emissions Authority (NEA). The sector has cut its emissions by 13.6% (4.2 million tonnes) over the past two years.The key contributor to this decrease is the closure of several outdated coal-fired plants in mid-2017.

Global bunker company Monjasa Group boosted sales volume in 2028 reaching 4.1 million metric tonnes of marine fuels, up 17% over its previous year figure of 3.5mt.Despite a continuously challenged maritime shipping industry, 2018 was a good year for the Monjasa. Coupled with the entry of new banking partners and closer relations with oil majors, the Monjasa Group improved its business fundamentals during the year, reporting a positive net result of USD 5mln.Coupled with a higher average Brent oil price of USD 71 per barrel, total revenue increased to USD 2.1bn and the Monjasa Group reported a net result of USD 5m., which is in line with expectations.The Annual Report displays a high solvency ratio of 29% and consolidated group equity of USD 121m.Anders Østergaard…

More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies' operating costs and capex needs, says Fitch Ratings in a new report."This may negatively affect their credit quality unless they manage to pass these costs to customers. Many shipping companies have started implementing fuel surcharges to recover costs associated with the new sulphur cap regulation, but their ability to sustain these will depend on market fundamentals, which remain challenging," said Flitch.Competitive dynamics may change in the longer term with companies that are less financially able to absorb additional costs, especially given higher oil prices, withdrawing from the market.

The world's biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules.International Maritime Organization (IMO) regulations will cut the limit for sulphur in marine fuels globally from 3.5 percent to 0.5 percent from the start of 2020."We're going to hopefully facilitate the new rules in 2020 by helping out the industry and the participants in general to have a reasonably smooth transition…

Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement.Global oil and shipping companies are looking at any and all options to avoid becoming a casualty of the major market dislocations that the new standards will create when they come into effect in 2020.The U.N. International Maritime Organization (IMO) will ban ships using fuel with a sulphur content higher than 0.5 percent…

Three refiners to spend more than $5 bln to upgrade or add units. South Korean refiners are planning to spend over $5 billion on plant upgrades in response to tighter rules on shipping fuel, boosting production of low-sulphur fuel oil as well as other high-end products. The refiners hope the investment, which comes ahead of the 2020 introduction of the new rules, will make them one of the biggest beneficiaries of the new regulations, with many competitors still waiting to commit to new spending. "Not many refiners are doing so. Korean refiners are investing proactively," said Hwang Yu-sik, an analyst at NH Investment & Securities. In 2016…

DNV GL’s latest Container Ship Forum and Bulk Carrier Forum looked at a broad spectrum of topics including environmental regulations, trends in ship design as well as the new DNV GL rule set. Some 150 representatives from the container and bulk industry met with DNV GL experts at the forums in Hamburg to hear the presentations and participate in informal discussions. As economy of scale is reducing transportation costs per box, the demand for ever bigger vessels is continuing.

Responds to increased ECA demand with launch of LSFO supply barge. OW Bunker, a global supplier and trader of marine fuel and lubricants, has announced that it will supply low sulphur 1% RMG 380cst fuel from Balboa, Panama from mid-October 2012. The move will serve to meet the growing demand from customers transiting the North American ECA zones. The company's local supply tanker, MT Star Alpha, has been released from dry-dock following modifications to the supply vessel's tanks to provide complete segregation of LSFO products, which is vital to ensuring quality.

Solvang ASA, through Hyundai Heavy Industries, orders system for 84,000 cbm LPG carrier as three-year countdown to 2015 ECA approaches. Hamworthy Krystallon, the leading marine scrubbing technology manufacturer, today signed a significant contract with Hyundai Heavy Industries (HHI), the world's biggest shipyard. The contract will see Hamworthy Krystallon deliver a scrubber system on a Liquified Petroleum Gas tanker being constructed for Solvang ASA. The 84.000 cubic meter (cbm) VLGC will have the worldʼs first full vessel scrubber system. The newbuild vessel will be fitted with two scrubbers; one for the main engine and one combined scrubber for three auxiliary engines. The scrubbers and washwater treatment will be situated in the funnel, in a modular design.

OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today stated that outsourcing fuel procurement is a natural evolution within the shipping industry as ship owners and operators look to maximise efficiencies and reduce costs within their operations. “Although fuel oil is not core to ship owners’/operators’ end service it still represents over 50% of a vessel’s operating costs. Combined with the volatile oil prices and regulatory pressures, as well as…