Fuel Oil News

03 Dec 2020

Did You Know?: 47% of all Newbuild Dry Bulkers Sport Scrubbers

Source: BIMCO

We have known it all along; the bigger the bunker fuel consumption of the ship, the more likely it is that shipowners will choose an SOx scrubber as the tool to comply with the IMO 2020 sulfur cap.Whiles only three Handysize bulkers in total have been delivered from the newbuilding yards with a scrubber fitted in 2020, one in three Handymax bulkers were delivered with scrubbers installed.Most scrubber-fitted bulkers were delivered in the Panamax sub-sector, that saw 81 units out of 150…

01 Dec 2020

NYK Inks Charter Deal for Pair of Methanol-fueled Chem Tankers

NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, signed a long-term time charter contract with Waterfront Shipping Company Limited (WFS) for two newly built chemical carriers, each equipped with a dual-fuel engine that enables the vessels to be powered not only by marine fuel oil but also methanol.Planned for delivery from the Hyundai Mipo Dockyard (Korea) in 2022, the vessels will be delivered to WFS, a wholly owned subsidiary of Methanex Corporation, the world’s largest producer and supplier of methanol.

26 Nov 2020

China: INE, PetroChina to Deliver Marine Fuel Overseas

Alexey Novikov - AdobeStock

China's Shanghai International Energy Exchange (INE) said on Thursday it had signed an agreement with PetroChina International Co Ltd to cooperate on the overseas delivery for its low-sulfur fuel oil futures contract.Both parties have reached a consensus on cross-border overseas delivery for the marine oil and see the move as an "important foundation" for China's first futures delivery "going global", Shanghai Futures Exchange-owned INE said in a statement.This would be the first time a Chinese futures contract would be deliverable outside of China, which could boost the liquidity and increase

25 Nov 2020

BIMCO on Tanker Shipping; The Worst is Not Over

Source: BIMCO

While the tanker market had a strong run at the outset of the COVID-19 pandemic, according to a report released this morning by BIMCO, tanker shipping will not benefit this year from the usual strong winter seasonal effect. Though the new lockdowns being introduced in many countries are less strict than in the spring, the effect on tanker shipping will be worse, given the supply glut of Q2. The news of an effective vaccine offers some hope of a global oil demand recovery but, however it comes about…

24 Nov 2020

EGR Offered for Dual-fuel ME-GA Engine

MAN B&W 5G70ME-GA engine with EGR system (Image: MAN Energy Solutions)

MAN Energy Solutions announced that it will offer its proprietary EGR (Exhaust Gas Recirculation) system as an emissions solution for its new, low-speed ME-GA engine, the Otto-cycle variant of its established ME-GI dual-fuel engine. EGR is a NOx-emissions-reduction technique that ensures IMO Tier III-compliance in both diesel and gas mode.The company has long experience with the emission-reduction technology and reported the first order for an EGR system in 2011 when it was fully integrated within the MAN B&W 6S80ME-C9 main engine of a 4,500 teu containership newbuilding.Thomas S.

23 Nov 2020

Lindsay-Blee Offering VLSFO in Florida Ports

(Photo: Lindsay Blee)

Marine fuel company Lindsay-Blee, along with its joint venture partner Quest Fuels, announced Monday that it will offer very low sulphur fuel oil (VLSFO), meeting the IFO RMG 380 ISO:2010 specification with max sulphur < 0.50% to its clients calling Florida ports. The product will be available in Port Canaveral, Port Tampa, JaxPort, Port Manatee, and all other major ports in Florida, effective immediately.This expansion gives the Lindsay-Blee Group’s customers the ability to source VLSFO from Lindsay Blee’s supply operations in both Florida and Colombia…

20 Nov 2020

UN's IMO Approves Ban on Heavy Ship Fuel in Arctic after July 2024

Credit: Jean Landry/AdobeStock

The United Nations shipping agency on Friday approved a ban on the use of heavy fuel oil in the Arctic region in a move criticized by green groups which said loopholes will allow many vessels to keep sailing without enough regulatory control.Antarctic waters are protected by stringent regulations, including a ban on heavy oil fuel (HFO) adopted in 2011, even though no cargo moves through the turbulent southern waters. For the Arctic, the rules have been looser.In a virtual session…

19 Nov 2020

Petredec Orders Three VLGCs from Jiangnan Shipyard

Singapore-based shipowner Petredec Holdings (Eastern) PTE Ltd announced earlier this month that it has signed a contract for the construction of up to six 93,000-cubic-meter-capacity liquefied petroleum gas (LPG) carriers with dual fuel LPG propulsion at Jiangnan Shipyard (Group) Co. Ltd. The initial firm three vessels will deliver in January, March and May 2023, and the optional vessels would be handed over within the second and third quarters of 2023.Jiangnan have designed the new Panda Class vessels with patented ‘Brilliance Technology’ to improve hull efficiency and lower consumption…

18 Nov 2020

China's INE Considers Singapore for Marine Fuel Futures Delivery

© Rex Wholster / Adobe Stock

The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract, according to two sources with direct knowledge of the matter.The INE’s move would be the first time a Chinese futures contract would be deliverable outside of China and could boost liquidity for the contract, as well as help to influence pricing for shipping fuel.Low-sulphur fuel oil (LSFO) is required as ship fuel to meet new maritime emissions regulations that went into effect this year.

12 Nov 2020

World's Largest LNG-fueled Containership Bunkers In Rotterdam

(Photo: CMA CGM)

The world’s largest containership powered by liquefied natural gas (LNG) began its first gas bunkering operation in Rotterdam on Thursday, French shipping company the CMA CGM Group said.The CMA CGM Jacques Saadé, which has an 18,600 cubic meter tank, will be refueled with LNG while port handling operations are underway, marking the largest LNG bunkering operation ever undertaken for a containership.Once bunkering is complete, CMA CGM’s flagship will continue its maiden voyage…

12 Nov 2020

CMA CGM to Expand LNG-powered Fleet to 26 Ships

(Photo: CMA CGM)

Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts to reduce pollution in ocean shipping.After announcing three years ago that it would adopt LNG, French-based CMA CGM has made several orders for gas-powered ships and now plans to have 26 such vessels in service by 2022, it said in a statement.Seven of the vessels are already in service, including the giant Jacques Saade, named after the family group's founder and which was refueling in Rotterdam on Thursday after its maiden voyage from China…

09 Nov 2020

CMA CGM Tenere Carries Out Its First LNG Bunkering

CMA CGM Tenere (Photo: CMA CGM)

CMA CGM is carrying out the first LNG bunkering of the CMA CGM Tenere, the first of six 15,000-TEU, liquefied natural gas (LNG)-powered containerships chartered by the CMA CGM Group, the French container line announced Monday.In Rotterdam, 12,000 cubic meters of LNG will be pumped into the CMA CGM Tenere’s tanks by Total’s Gas Agility, the world’s largest LNG bunker vessel, while the containership carries out cargo handling operations concurrently. After the bunkering, the CMA…

05 Nov 2020

Fire-stricken Venezuelan Oil Tanker Undergoes Repairs in Cuba

© Alberto Ramirez / MarineTraffic.com

An oil tanker owned by Venezuelan state oil company Petroleos de Venezuela's maritime division is undergoing repairs in Cuba after suffering a fire while discharging last week, four people familiar with the matter said this week.The Aframax-sized vessel Teseo had set sail from Venezuela's Cardon port with about 500,000 barrels of fuel oil for power generation on October 20, destined for Cuba's Felton port, according to an internal PDVSA document and Refinitiv Eikon ship tracking…

05 Nov 2020

Bunker Demand Returns to Pre-pandemic Levels

© STOCKSTUDIO / Adobe Stock

Asian refiners' profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand for the shipping fuel at most ports are back at pre-pandemic levels, traders and analysts said.The trend is likely to stay for the rest of the year, encouraging Asian refiners to prioritize VLSFO production along with petrochemical feedstock naphtha, where demand has also firmed.The front-month VLSFO crack was at $9.43 per barrel above Dubai crude on Tuesday, its highest since April 10.

04 Nov 2020

Alfa Laval Prepares to Test Marine Biofuel

Fuel tanks at the Alfa Laval Test & Training Center (Photo: Alfa Laval)

Alfa Laval says its 2800 m2 testing space – already equipped for today’s oil and gas fuels – has been readied for testing with biofuels. In coming years,  as the marine industry races to slash greenhouse gas emissions, the center will accumulate knowledge to aid maritime decarbonization.Located in Aalborg, Denmark, the Alfa Laval Test & Training Centre is a core component of Alfa Laval’s own research and development. It is also a site for collaboration with industry partners and research institutes…

04 Nov 2020

World's First LPG-fueled Gas Carrier Completes Sea Trials

BW Gemini is the world's first VLGC to run on LPG fuel. (Photo: BW LPG)

The world's first very large gas carrier (VLGC) to run on liquefied petroleum gas (LPG) dual-fuel propulsion technology has completed sea trials, shipowner BW LPG announced Wednesday.BW Gemini and its newly retrofitted LPG propulsion technology were tested to their safe limits by an expert team from engine manufacturer MAN Energy Solutions, BW LPG’s Newbuilding & Projects and Technical departments, and classification society DNV-GL, who awarded the required classification certificate to following satisfactory performance.

30 Oct 2020

The Path to Zero: First Wave of Ships Explore Green Hydrogen

Norwegian ferry operator Norled is developing hydrogen-powered ferries (Image: LMG Marin)

While there is no consensus on what will be the maritime 'fuel of the future', developers across the world are for the first time testing the use of hydrogen to power ships as the maritime industry races to find technologies to cut emissions and confidence grows the fuel is safe to use commercially.To reach goals for the shipping industry set by the United Nations, industry leaders say the first net-zero ships must enter the global fleet by 2030. Ships powered by green hydrogen…

29 Oct 2020

MAN to Supply Propulsion Packages for Israeli-built Patrol Boats

 Graphical rendering of the OPV-45 (picture courtesy Israel Shipyards)

MAN Energy Solutions announced Thursday it has won the contract to supply complete propulsion packages to two OPV-45 offshore patrol vessels currently under construction at one of the largest privately owned shipbuilding and repair facilities in the Eastern Mediterranean.Israel Shipyards in Haifa is constructing the new patrol boats for an undisclosed African navy. The vessels are designed for a wide range of missions, including protection against the increasing threat of piracy in the region.The OPV-45 has an overall length of 45.7 m, a displacement of some 300 tons.

21 Oct 2020

World First: Retrofitted VLGC Runs on LPG

BW Gemini (Photo: BW LPG)

BW LPG said the week-long sea and gas trials have kicked off for very large gas carrier (VLGC) BW Gemini, which has been retrofitted with pioneering liquefied petroleum gas (LPG) dual-fuel propulsion technology. The shipowner said the 2015-built BW Gemini achieved "a historic milestone" as the world’s first VLGC to be fueled by LPG, after its main engine was retrofitted from a MAN B&W 6G60ME-C9.2 type to a MAN B&W 6G60ME- LGIP dual-fuel type capable of operating on both LPG and traditional fuel oil."The retrofitting process at Yiu Lian Dockyard in Shenzhen…

20 Oct 2020

Eastern Pacific Shipping to Trial Biofuels

(Photo: Eastern Pacific Shipping)

Singaporean-based Eastern Pacific Shipping (EPS) said it will trial biofuel bunkers aboard its 2010-built 47,377 dwt MR tanker Pacific Beryl.EPS, which has said it aims to test various alternative marine fuels in an effort to reduce its greenhouse gas emissions, has appointed Dutch-based GoodFuels to supply the biofuel bunkers."Alternative marine fuels are essential transitional fuels that will pave the way towards industry-wide decarbonization and the preservation of the environment for future generations," EPS said in a statement. The bunkering took place in Dutch waters on October 9.

14 Oct 2020

China's Zhoushan Port Sees Marine Fuel Sales Rise

Credit: Suriyapong/AdobeStock

Sales of marine fuel from the Chinese port of Zhoushan, the country's top supplier of shipping fuel, in the first nine months of 2020 rose nearly 18% from a year earlier, a local government official said on Wednesday.Zhoushan supplied 3.26 million tonnes of bonded marine fuel from January to September, the official said, declining to be identified since he is not a spokesman.China aims to build Zhoushan, an archipelago city in east China's Zhejiang province, into a regional ship fuel hub to rival Singapore as the world's largest shipping, or bunker, fuel center.But marine fuel demand took a hi

08 Oct 2020

Virtual TAT: MAN 32/40R-DF Passes Type Approval Test, New Retrofit Package for Dual-Fuel Ops

Picture of test personnel at the MAN 32/40R-DF TAT in Augsburg. Photo: MAN ES

MAN Energy Solutions announced the successful conclusion of the Type Approval Test (TAT) for its dual-fuel retrofit kit for its MAN 32/40 engine type. The TAT took place at the company’s Augsburg, Germany works from September 15-18, 2020 with the participation of the three classification societies: DNV GL, American Bureau of Shipping, and Lloyd’s Register.The TAT confirmed the suitability of the retrofit kit for converting the company’s field-proven MAN 32/40 engine into a dual-fuel unit – a so-called MAN 32/40R-DF type – that can now run on fossil and renewable…

05 Oct 2020

Cracked Containership Departs Bayonne for Repair After Oil Spill

© Michal / Adobe Stock

A containership that was leaking fuel oil through a crack in its hull has left its mooring in Bayonne, N.J. to undergo repairs at different a facility within the Port of New York/New Jersey, the U.S. Coast Guard said.The Liberian-flagged YM Mandate had stopped leaking last week after the spill was reported from the 300 meter long, 6,572 TEU capacity vessel on Tuesday.The Coast Guard said box ship departed the Global Container Terminal Saturday after bunker fuel was removed from the affected tank, the ship was cleaned and a dive survey confirmed no additional damage.

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