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Tuesday, August 21, 2018

Fuel Oil News

Vitol Invests in Coal-to-oil Venture as Shipping Fuel Rules Loom

© xy / Adobe Stock

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…

Jan De Nul’s Green Hopper Dredger Launched in China

Diogo CĂŁo (Photo: Jan De Nul Group)

The 3,500 m³ trailing suction hopper dredger (TSHD) Diogo Cão was launched last Saturday at the Keppel Nantong shipyard in China, a subsidiary of Keppel Offshore & Marine. The green vessel is the second of three 3,500 m³ hoppers to be launched, equipped with an exhaust gas treatment system filtering out and virtually eliminating many pollutants from the exhaust gases. In total, Jan De Nul Group ordered six such ultra-low emission TSHDs, called ultra-low emission vessels, five of which are being built at Keppel: three small 3…

TORM to Feature Scrubbers in Newbuildings

Photo: TORM plc

Danish shipping company TORM is installing scrubbers to its vessels, allowing them to continue running on high sulfur fuel oil after the International Maritime Organization's marine fuels sulfur limit is cut in 2020.A press release from the company said that it has decided to install scrubbers on 14 vessels including all vessels currently on order and the three LR2 vessels that were delivered earlier in 2018.These vessels have a scrubber-prepared design and there are no changes to the delivery schedule.

Venezuela Dodges Oil Asset Seizures with Export Transfers at Sea

© Igor Groshev / Adobe Stock

Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures.But the OPEC member nation is still fulfilling less than 60 percent of its obligations under supply deals with customers.Venezuela has been pumping oil this year at the lowest rate in three decades after years of underinvestment and a mass exodus of workers. The state…

Wartsila's Ship Technology Outlook Brightens

A Wärtsilä hybrid scrubber system (Image: Wärtsilä)

Ship technology and power plant maker Wartsila missed profit expectations on Thursday, citing postponed energy projects, but new orders beat forecasts with the help of rising demand for its marine sulphur scrubbers.Shares in the Finnish company dropped 4 percent by 0920 GMT after second-quarter core profit came in flat from a year ago at 123 million euros, way below the 147 million euros expected by analysts in a Reuters poll.CEO Jaakko Eskola, however, said some sales had just…

Rotterdam Port to Replace Slopes to Clean-up of Oil Pollution

Photo: Port of Rotterdam Authority

The Port of Rotterdam Authority is to replace a section of the slopes stretching over more than 9 kilometres that have been contaminated by the Bow Jubail oil spill.The Port Authority announced earlier that the damage resulting from the oil spill is estimated at around 80 million euros. The Port Authority will recover this damage from Odfjell, owner of the leaking Bow Jubail.“We will do everything in our power to recover these damages. Society here cannot be left to pay for this…

China Ministry Seeks Feedback on LNG as Marine Fuel

© vladsv / Adobe Stock

China's Ministry of Transport said on Friday it is soliciting feedback from oil companies, shipowners' and port associations, and marine authorities for a plan to use liquefied natural gas (LNG) as a marine bunker fuel.China will expedite the planning and siting of key berths for LNG tankers in the Bohai Bay area of northern China, as well as along its main rivers, the ministry said.The ministry has asked companies and agencies to give feedback by Aug.

Wärtsilä Inks 10-year Maintenance Deal with Virgin Voyages

File photo - From left to right: Tom McAlpin, Virgin CEO and President; Sir Richard Branson, Founder Virgin; and Stuart Hawkins, Virgin SVP Marine and Technical at the rollout of the new name and logo for Virgin Voyages in 2017. (Photo: Wärtsilä)

Cruise line Virgin Voyages has assigned Wärtsilä the responsibility of the maintenance of its three brand new cruise ships due to enter service in 2020, 2021 and 2022.The comprehensive 10-year Optimized Maintenance Agreement, signed on April 30, 2018, gives extensive responsibility of maintenance to Wärtsilä, who will ensure that vessels are powered and operated reliably, efficiently and sustainably.Wärtsilä’s Dynamic Maintenance Planning allows maintenance operations to be carried out based on remotely monitored and analyzed real-time performance data.

More Ships Adding Scrubbers ahead of 2020

© Stockninja / Adobe Stock

An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels will continue to burn a sizable amount of fuel oil once new sulphur regulations for the fuel go into effect, Vienna-based consultancy JBC Energy said on Tuesday.Ships installed with exhaust gas cleaning systems, known as scrubbers, are expected to burn 600,000 barrels per day (bpd) of high-sulphur fuel oil (HSFO) in 2020 when the new rules from the International Maritime Organization (IMO) start…

New Fuel Rules Push Shipowners to Go Green with LNG

El Coquí, one of the world’s first ConRos powered by LNG (Photo: Crowley)

Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions. This will be enforced…

Port of Rotterdam Throughput Drops 2.2% in 1H 2018

Image: Port of Rotterdam

The port of Rotterdam achieved throughput of 232.8 million tonnes in the first six months of 2018. That is 2.2% less than in the first six months of 2017.Container throughput, one of the strategic priorities of the Port Authority, rose by 5.9% (in tonnes, 6.2% in TEU) by comparison with the first six months of 2017, including a new throughput record in May.The market share of Rotterdam by comparison with the other ports in the Hamburg-Le Havre range increased from 30.9% (Q1 2017) to 31.2% (Q1 2018)¹However…

Contaminated Fuels Clog Ship Engines in Singapore

© David Gn / Adobe Stock

Contaminated marine fuel that clogs and damages ship engines has been found in Singapore, the world's largest ship refuelling hub, according to sources and an alert sent to clients by a marine fuel surveying company.Singapore-based marine fuel surveyor and consulting firm Maritec Pte Ltd warned clients this week that six samples of ship fuel sold in Singapore had "resulted in severe sludging at centrifuges, clogged pipelines, overwhelmed fuel filters".The Singapore findings follow reports of more than 100 vessels that loaded similarly contaminated fuel in the U.S.

Quadrise Fuels Signs MoU with Freepoint Commodities

Image: Quadrise Fuels International plc

Fuel oil technology firm Quadrise Fuels International said it had signed a non-binding memorandum of understanding with commodities trader Freepoint Commodities to provide commercial opportunities for its MSAR fuel technology product.The Synthetic fuel developer said that this followed the effective end of a trial in Saudi Arabia for a combustion boiler project that would have used MSAR due to the lack of an agreement between the utilities involved. MSAR is a low viscosity oil in water emulsified synthetic HFO.Freepoint…

Shell Ships 'Slurry Oil' from Singapore to UAE

© Christopher R Irvine / MarineTraffic.com

In an unusual arbitrage move, Shell International Eastern Trading Company (SIETCO) has chartered a tanker to ship up to 80,000 tonnes of slurry oil from Singapore to Ruwais in the United Arab Emirates (UAE).Shell has chartered the tanker Maersk Prosper to load 80,000 tonnes of fuel oil from Singapore on Aug. 18 to 20 and for discharge into Ruwais at a $450,000 fee, according to data from two shipbroker reports and a trade source with knowledge of the matter.Ruwais in the UAE is the site of Abu Dhabi National Oil Corp's (ADNOC) 800…

New Tug Delivered for Kenya Ports Authority

(Photo: Robert Allan Ltd.)

A new tug, Eugene, constructed by Cheoy Lee Shipyards, Hong Kong, has been delivered to its owners Kenya Ports Authority, Mombasa, Kenya.The new tug, a RAstar 3200 designed by Robert Allan Ltd., has the following principal particulars:Length overall: 32 mBeam, molded: 12.8 mDepth, molded (hull): 5.37 mMaximum draft: 5.8 mEugene is classed and built according to the following Lloyd’s Register of Shipping notation: ✠100A1, Escort Tug, ✠LMC, UMS, Fire-Fighting Ship 1 with Water Spray…

UAE Bunker Inquiries Spike on Worries over Singapore Tainted Fuels

© biiker3 / Adobe Stock

Inquiries for marine fuel supplies in the United Arab Emirates' (UAE) Fujairah oil hub have spiked as shippers try to avoid loading tainted fuel oil that has clogged and damaged ship engines in Singapore recently, three trade sources said.Tainted marine fuel has been found in Singapore, the world's largest ship refuelling hub, following reports of more than 100 vessels that loaded similarly contaminated fuel in the U.S.

Steel Cut for World's Largest Container Vessels in Shanghai

Photo credit: People's Daily

China State Shipbuilding Corporation (CSSC) has commenced construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world, reported China's official media.The two are among nine 22,000 TEU vessels deal signed by French container shipping operator CMA CGM and China State Shipbuilding Corporation (CSSC) in September last year.Built by Shanghai-based Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding, the two container vessels measure 400 meters in length…

Hull Cleaning Robot Aids Oil Spill Response

Photo: Fleet Cleaner

After the recent oil spill disaster of the Bow Jubail in the Port of Rotterdam, Fleet Cleaner has stepped up to help the authorities with cleaning ship’s hulls which were fouled by the heavy fuel oil, in order to minimize the environmental impact. Within record time, Fleet Cleaner has transformed its installation to an oil spill response vessel; by installing specialized heating equipment, the high pressure water cleaning robot was made ready for high pressure steam cleaning.

MOL Takes Delivery of LNG Schneeweisschen

LNG Schneeweisschen. Photo: Mitsui O.S.K. Lines

Mitsui O.S.K. Lines (MOL) announced that  the LNG carrier, LNG Schneeweisschen, jointly ordered by MOL and Itochu Corporation was delivered on July 31st at the Okpo shipyard by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.The 180,000 cbm newbuilding has entered in to a Transportation Service contract for several voyages with Uniper Global Commodities, 100% owned by one of the largest European gas and electricity companies, Uniper SE.The LNG Schneeweisschen features two new technologies - the slow-speed two-stroke engine (X-DF) made by Winterthur Gas & Diesel…

NYK Line and Partners Set Up Second LNG Bunkering Project

Ship-to-Ship LNG Bunkering Service at Port of Zeebrugge. Photo: NYK © Port of Zeebrugge

NYK Line has signed a memorandum of understanding with Kyushu Electric Power, Saibu Gas, and The Chugoku Electric Power for joint discussions on the commercialization of a new business to supply liquefied natural gas (LNG) as a marine fuel to ships in the Setouchi and Kyushu areas of western Japan.This is the second LNG bunkering project NYK Line is engaged in after investing in an LNG bunkering vessel with "K" Line, Chubu Electric, and Toyota Tsusho Corporation."The demand for LNG as a marine fuel…

Hapag-Lloyd on 2020 Low Sulphur Fuel

Photo: Hapag-Lloyd

LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020.These regulations are the biggest of a series of steps by the International Maritime Organisation (IMO) to reduce marine pollution (MARPOL) in response to the threat of climate change.The LSF2020 emission regulations mean ships will have to significantly reduce emissions on the high seas as well as in coastal areas. This change does not only concern Hapag-Lloyd but it challenges the entire shipping industry.

UASC Sues World Fuel Services

Image: MARORKA

Dubai-based shipowner United Arab Shipping Company (UASC) has filed suit against Miami-based marine fuels provider World Fuels Services (WFS) seeking relief from damages incurred through the bunkering of off-spec fuel oil in 2016, reports Arabian Industry.UASC is seeking relief from damages incurred through the bunkering of the off-spec fuel oil, according to the suit filed in the US District Court for the Southern District of Florida on 27 June, 2018.The Middle East shipping giant claims that on or about 21 September 2016…

MOL Blue Ocean Environmental Bonds will be Japan's 1st Green Bonds

Image: Mitsui O.S.K. Lines, Ltd.

Mitsui O.S.K. Lines (MOL) announced a plan to issue green bonds (its 20th and 21st series unsecured corporate bonds) through a public offering in Japan's domestic market. It also announced the acquisition of a second opinion from a third-party institute.Japan's 1st Green Bonds are aimed at individual investors. Green bonds are used to raise funds for businesses aimed at protecting and improving the environment.MOL established the MOL Group Environmental Vision 2030 in April 2017…

Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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