Steffen Kortegaard News

OW Bunker, a physical distributors and resellers of marine fuels, today announced that it has signed a Memorandum of Understanding (MOU) with Genoil, the global engineering technology development company. The relationship has been established to build a facility that can produce 0.1% low sulphur fuel oil, and provide ship owners and operators with the opportunity to buy a cheaper product than distillates that still meets ECA compliance regulations. As part of the agreement, Genoil will finance the building of a Hydroconversion Upgrading System (GHU) within Europe. The facility is primarily designed for hydro cracking and the desulphurization of fuel oils.

OW Bunker highlighted the potential safety issues that ship owners and operators will face in Turkish waters when new local sulfur legislation comes into force from January 1, 2012. “This is a significant move by the Turkish authorities and is much more restrictive than current sulfur regulations,” says Steffen Kortegaard, Technical Director, OW Bunker. The new Turkish regulations mean that 0.1% sulfur content gas oil must be used by vessels calling at Turkish ports between the end of the sea passage and the commencement of the sea passage including in port anchorage areas. The  regulation will not be applicable for vessels transiting through the Turkish Straits, such as the Bosporus or Dardanelles, even if they drop anchor providing the vessel maintains transit status.

OW Bunker, one of the world’s leading suppliers and traders of marine fuel oil, highlighted today the impact that mass flow meters can have in solving the ‘quantity issue’ and demonstrated the steps that it is taking to ensure product quality in an event attended by key customers including DFDS, Maersk Oil, Odfjell Tankers, U-Sea Bulk, Grieg Star Shipping and Torvald Klaveness Group. The event, which took place in Copenhagen, invited over 100 customers and industry opinion formers to see a live demonstration…