High-sulphur Fuel Demand Outlook Jumps as Shippers Soften Stance on Scrubbers
Demand for high sulphur marine fuels is likely to see a smaller drop than previously expected by 2020, said consultancy FGE, as changing attitudes to sulphur-stripping technologies from large shippers alter the outlook for use of the fuels.More than 2,100 vessels are now expected to be equipped with exhaust gas cleaning systems, known as scrubbers, by 2020, up from 1,500 ships previously, said Thomas Olney, energy consultant at FGE in Singapore.Adding to the improved demand outlook is "a much greater skew towards installing scrubbers on larger vessels that burn higher quantities of fuel…
SMM Launches with High-Profile Guest Speakers
At today’s opening press conference of the international maritime trade fair in Hamburg, political and business leaders discussed current challenges facing the shipping industry. The focus of the debate was on the 0.5 percent sulphur limit for ship fuels which will take effect on January 1, 2020, and the industry's goal to cut greenhouse gas emissions from global shipping in half by the year 2050. Roughly 2,300 exhibitors and the extensive conference program accompanying the trade fair will deliver answers to the industry's complex questions. Roughly 50,000 visitors are expected to attend.
Mitsui E&S Shipbuilding Bags Order for Three Post Panamax Bulkers
Japanese shipbuilder Mitsui E&S Shipbuilding has developed "neo 87BC", an 87,000 DWT Post Panamax bulk carrier of next generation eco ship, and has received an order of 3 units.Mitsui E&S Shipbuilding has developed "neo series" vessels which is a line-up of next generation eco-friendly ships until today. "neo 87BC" is the first "neo series" vessel which complies with IACS Harmonized Common Structural Rules (H-CSR).The main engine is the latest electronic control type which complies…
ABS Issues AIP for Jiangnan’s LNG Jumbo Carrier
ABS has granted Approval in Principle (AIP) for the LNG Jumbo, a new 175,000 CBM liquefied natural gas (LNG) carrier design from Chinese shipbuilder Jiangnan Shipyard (Group) Co.The efficient, environmentally friendly design features the GTT MK III Flex Cargo Containment System developed in cooperation with ship designer MARIC.The LNG Jumbo design specifies a WINGD X-DF low-pressure, low-speed two-stroke dual-fuel main engine propulsion system promising enhanced propulsion efficiency and reduced fuel consumption, combined with additional energy saving devices.
Eagle Bulk Orders up to 37 Scrubbers
Dry bulk shipowner Eagle Bulk Shipping announced this week it will purchase up to 37 exhaust gas cleaning systems, also known as scrubbers, from an undisclosed manufacturer as part of its strategy to comply with new regulations that limit ships’ sulphur emissions from 2020.The U.S.-headquartered shipowner said it has placed firm orders for scrubbers to be retrofitted on 19 of its vessels ahead of the January 1, 2020 implementation date of the International Maritime Organization’s (IMO) 0.5 percent sulphur cap rules.
MAN Notches Multiple Cruise Orders
MAN Energy Solutions says its cruise business is experiencing a record order-intake. In the first eight months of 2018, the company has won orders to supply seven new cruise ships with engines plus exhaust-gas-treatment systems for scheduled delivery from the end of 2019 to 2022.The orders, which are cumulatively valued close to a three-digit million euro figure, total almost 300 MW of installed power for cruise ships ranging in size from 50,000 to approximately 140,000 gross tons…
New Marine Fuel Recovery Mechanism is Causal, Transparent and Simple
With a stricter International Maritime Organisation emissions regulation (IMO 2020) coming into force as of 1 January 2020, the new sulphur cap for compliant fuel oil will be lowered from 3.5% to 0.5%.A press release from Hapag-Lloyd said that this new regulation will significantly improve the ecological footprint of the shipping industry, and the majority of all vessels are expected to be operated with low-sulphur fuel oil by then.Using low-sulphur fuel oil will be the key solution for the shipping industry and Hapag-Lloyd to remain compliant.
Genco to Install Scrubbers on up to 32 Ships
Dry bulk shipping company Genco Shipping & Trading Limited said it plans to install exhaust gas cleaning systems, or scrubbers, on its 17 Capesize vessels with options for installation on an additional 15 vessels ahead of new environmental regulations set to take effect in 2020.“Based on extensive evaluation and analysis, we plan to fit our Capesize vessels with scrubbers given their trading patterns and higher fuel consumption, which we expect to result in a very attractive payback period,” said Genco CEO John C.
Yara Marine Has Big Expectations for 2019
Many shipowners are scrambling to comply with the tough, new the International Maritime Organization (IMO) fuel global sulfur limit of 0.50 percent m/m, which takes effect January 1, 2020.It is expected that after the rules swing into force, the light-heavy fuel price spread will likely spike and refining margins will be higher, particularly for complex refineries.Shipowners have to stay ahead of the game, said Yara Marine Technologies CEO Peter Strandberg: “Shipowners often get a bad rap of refusing to adopt new, innovative technologies and processes.
Scorpio Bulkers Inks LOI for Scrubber Installs
Dry bulk shipping company Scorpio Bulkers Inc. announced that it has signed letters of intent with suppliers, engineering firms and ship repair facilities to cover the purchase and installation of exhaust gas cleaning systems, also known as scrubbers, on substantially all of its owned and finance leased Kamsarmax and Ultramax vessels.Scorpio said the scrubbers and their installation will cost between $1.5 - $2.2 million per vessel, and the company anticipates that between 60-70…
Newport Shipping Buys 100 Scrubbers
Newport Shipping Group has purchased 100 scrubbers from Chinese manufacturer Weihai Puyi Marine Environmental Technology Co, with options for an additional 100 units.Newport, which operates a network of 13 drydocks globally, said the bulk purchase aims to safeguard shipowners against any price hikes or production bottlenecks as demand for scrubbers is expected to increase ahead of the International Maritime Organization (IMO) 2020 sulphur cap deadline.Erol Sarikaya, Newport Shipping Chief Executive Officer…
International Seaways to Install Scrubbers in VLCC Fleet
International Seaways announced that it has signed contracts with Clean Marine AS of Norway and a qualified system installer for the purchase and installation of exhaust gas cleaning systems (scrubbers) on seven of its modern VLCCs, with an option for a further three systems covering the remaining three modern VLCCs in its fleet.The tanker company providing energy transportation services for crude oil, petroleum products and liquefied natural gas (LNG) said in a press release that the seven scrubbers are all to be installed prior to January 1…
Three Balearia Ferries to Convert to LNG
Spain's Baleària will convert three ferries from diesel to LNG dual fuel using Caterpillar and MaK solutions.Incorporating the MaK DF engines will virtually eliminate the sulfur and particulate matter in the exhaust gases, while also cutting down NOx, resulting in even lower CO2 emissions. The three ferries to be converted are Abel Matutes, Bahama Mama, and Martin i Soler, each currently equipped with a pair of MaK 9 M 43 C main engines. After the conversion, the vessels will operate on two MaK 9 M 46 DF engines, which has a rated engine output of 8,685kW.
Sonardyne Acquires Chelsea Technologies Group
Subsea technology developer Sonardyne International Ltd. said it has acquired maritime and marine science technology specialist Chelsea Technologies Group Ltd. as part of a long-term growth strategy that includes market diversification.In acquiring Chelsea (also known as CTG), Sonardyne said it looks to strengthen its presence in the maritime, marine and ocean science sectors and create new opportunities in the water environmental, defense and process control markets. Chelsea will gain access to Sonardyne’s considerable research…
TMC to Provide Smart Air Compressors to Hyundai Mipo Dockyard
TMC Compressors of the Seas (TMC) has signed a contract to supply an environmentally friendly Smart Air marine compressed air system to the world’s first HFO-fuelled (heavy fuel oil) TIR III compliant ethylene carriers.TMC will provide the Smart Air compressors to Hyundai Mipo Dockyard, which is responsible for building the two new 21,000 cbm ethylene carriers to Norwegian LPG and petrochemical shipping company Solvang ASA (Solvang).In a separate contract, TMC will provide 2 x N2 (nitrogen) feed air compressors to each of the two vessels’ on-board N2 system.
Langh Tech Delivers Scrubbers for 12 NORDEN Vessels
Langh Tech said it will deliver SOx scrubber systems for a dozen vessels owned by Danish shipowner Dampskibsselskabet NORDEN A/S, marking the Finnish scrubber manufacturer’s largest deal so far.Langh Tech Oy Ab will supply for retrofit four tankers and eight bulk carriers in the NORDEN- fleet with SOx scrubbers of open loop-type.The tankers have two boilers and a total of six exhaust gas sources are connected to the scrubber. Automation enables the scrubber plant to be operated in two exhaust gas cleaning modes corresponding to 0.1 or 0.5 percent sulphur in the fuel.
Shell Marine Discusses Engine Protection Beyond 2020
Marine lubricant choices to address International Maritime Organization (IMO) restrictions on the fuels used by ships from 2020 must be based on verifiable cylinder oil performance data and engine testing to cover all operating conditions, according to the new General Manager of Shell Marine, Joris Van Brussel.Based in Singapore, Joris has gained experience across Shell’s fuels, lubricants and renewables businesses worldwide, with roles in licensing, branding and retail activities…
Stena Bulk Confirms Scrubber Order with Bluesoul
Stena Bulk has signed a turnkey exhaust gas scrubber solution agreement with Chinese Bluesoul to equip its Suezmax and IMOIIMAX fleets. In total, Stena Bulk will equip 15 vessels with scrubbers and have an additional six options for installation prior to 2020.The scrubber to be installed is an Open Loop Hybrid Ready with Water Cleaning, which not only removes the sulfur but also particles from the exhaust.Shanghai Bluesoul Environment Technology, with its base in Shanghai, has had a collaboration agreement with the Stena Group for more than a year.
Green Shipping: Toward a Clean Future
The International Maritime Organization (IMO) has announced its targets of cutting greenhouse gas emissions from global shipping in half by the year 2050, and to make ships entirely CO2-neutral before 2100. But long before that, the so-called sulphur cap will take effect: From 2020 all oceangoing ships must run on fuel that contains no more than 0.5 per cent of sulphur. According to estimates by classification society DNV GL, up to 70,000 ships will be subject to this requirement.
Golden Ocean Group Reports Profit in Q2
Golden Ocean Group Limited (GOGL) reported a net income of $9.0 million for the second quarter of 2018, compared to net loss of $12.0 million for the second quarter of 2017.The Norway based dry bulk shipping company has entered into a $120 million loan facility to refinance 10 vessels on favorable terms. It delivered the Golden Eminence, a Panamax vessel, to her new owner in early August 2018.The company has also signed contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations.Birgitte Ringstad Vartdal…
MAN Presents Exhaust Gas Aftertreatment System at SMM
MAN Engines is presenting its solution for meeting the IMO Tier III and US EPA Tier 4 emission standards for commercial use at the SMM trade fair in Hamburg: the modular exhaust gas aftertreatment system (EAT).The EAT offers a high level of flexibility and is extremely compact and lightweight. Its modularity makes a wide range of tailored installation configurations possible as the individual SCR (Selective Catalytic Reduction) components can be positioned differently. “By minimizing the system down to just a few components, it stays compact, regardless of its configuration.
Star Bulk Carriers to Equip its Fleet with Scrubbers
Star Bulk Carriers announced that it intends to equip its entire fleet with Exhaust Gas Cleaning Systems (scrubbers) before the January 1, 2020 implementation date of the new IMO sulfur emission cap regulation.The global shipping company focusing on the transportation of dry bulk cargoes said in a press release that it expects average cost, including installation, to be below $2.0 million per vessel. Star Bulk has secured debt financing with an average margin of below 3.0% to…
Scrubbers Market to Surpass $8 Bln by 2024 -Report
The market for marine exhaust gas cleaning systems, also known as scrubbers, is expected to continue generating momentum in the years ahead amid increasing concern toward maritime pollution and new environmental regulations. The global market share for marine scrubbers is predicted to surpass $8 billion by 2024, according to a report by Global Market Insights.As per the latest International Maritime Organization (IMO) legislation, effective from January 1, 2020, the maximum limit of sulphur in fuel oil used on board ships will be 0.5 percent m/m…