Marine Link
Monday, December 10, 2018

Fuel Oil News

IOC: 5-year Tender on Scrubber-fitted Tankers

Indian Oil Corp (IOC) issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed.The tender says Indian shippers will be given first right of refusal for the contract as the nation seeks to boost its shipping industry. It is seeking bids from vessels that are less than 10-years old.A scrubber is a product that strips out sulphur emissions and, in doing so, can allow shippers to use dirtier fuel oil but still meet new global requirements for lower emissions.IOC and the country's second biggest state-owned refiner, Bharat Petroleum Corp (BPCL), last year also issued similar tenders seeking vessels for five years.The two refiners…

Singapore Port Readies for IMO 2020

Andrew Tan. Photo: Maritime and Port Authority of Singapore

The Maritime and Port Authority of Singapore (MPA) continues to prepare the Port of Singapore and Singapore-registered ships for the International Maritime Organization’s (IMO) 0.5 per cent fuel global limit for sulphur in fuel oil used on board ships, which will take effect from 1 January 2020.In his opening address at the Singapore Registry of Ships (SRS) Forum, Chief Executive of MPA,  Andrew Tan, also announced initiatives by MPA to improve the delivery of its services.To prepare for the IMO 2020 0.5 per cent global emission limit for sulphur…

'World's First' Zero Emission Marine Biofuel Test Successful

Pic: GoodFuels

Netherlands-based supplier of sustainable low carbon marine fuels GoodFuels Marine in conjunction with bulker and tanker owner and operator NORDEN A/S,  has successfully completed trials of the world’s first zero emission, ‘drop in’ Heavy Fuel Oil (HFO)-equivalent marine biofuel – almost entirely reducing all carbon and sulphur emissions.A press release from the pioneer in sustainable marine fuels said that the culmination of three years extensive research and development with partners including Royal Dutch Boskalis and technology group Wärtsilä…

Eagle LNG Receives Draft EIS

Pic: Eagle LNG

Eagle LNG, a wholly owned subsidiary of Ferus Natural Gas Fuels, informed that the United States Federal Energy Regulatory Commission (FERC) granted the company their draft environmental impact statement (DEIS).The draft EIS puts Eagle LNG on a clear path to FID on the Jacksonville Export Project and continues Eagle LNG’s success in using small-scale LNG to supply bunkering to the marine industry and to provide small scale LNG cargoes to markets in the Caribbean.“Our customers, and potential clients, join us in being encouraged that FERC has released the DEIS ahead of schedule.

Training on Ship Fuel Data Collection in China

Pic: International Maritime Organization (IMO)

The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consumption data from ships.The data collected will provide vital information to support IMO’s global efforts to reduce greenhouse gas emissions from international shipping. From 1 January 2019 ships of 5,000 gross tonnage and above will have to collect consumption data for each type of fuel oil they use.

TRAktor 2500-SX Design tug Commences Operations for Svitzer

The third tug built by Sanmar Shipyards to Robert Allan Ltd.’s new TRAktor 2500-SX design commenced operations on November 1st in London for Svitzer. The tug, named the Svitzer Meridian, is the second TRAktor 2500-SX in Svitzer’s fleet and is the third of this new class of tugs to be delivered by Sanmar to international clients in just over 4 months.Above the waterline, this class of tugs feature a raised half foc’sle to provide an enhanced standard of sea-keeping when working in exposed waters.

Maersk Warns Trade War Will Impact Box Shipping

Maersk Chief Executive Soren Skou (CREDIT: Maersk)

Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years.Maersk's data indicated that imports into the United States from China had grown 5 to 10 percent year-on-year in the third quarter as companies such as Walmart and Home Depot built up inventories to avoid new import tariffs, Chief Executive Soren Skou said."The irony is that after (U.S.

Argus Adds New Marine Fuel Price Assessments

© Nikita Starichenko / Adobe Stock

Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020."Argus is pleased to be taking the lead in bringing price transparency that enables this large and emerging oil market to advance trading in preparation for the IMO 2020 required fuels…

Singapore Marine Fuel Sales at 5-month High

File Image / CREDIT AdobeStock / © Seafarer81

Singapore marine fuel sales in October climbed 3 percent on year to a five-month high of 4.125 million tonnes, according to data released by the Maritime and Port Authority of Singapore (MPA) on Tuesday.The latest sales volumes were 0.3 percent higher compared to September, it showed. The higher October sales volumes reflect a slight increase in the number of ships coming to Singapore for refuelling, or bunkering, amid buoyant freight trade and easing concerns of contaminated fuels…

SPARTACUS: World’s Largest Cutter Suction Dredger Launched

Photo: Royal IHC

On November 10, Royal IHC successfully launched the Spartacus, a 44,180kW self-propelled cutter suction dredger (CSD) designed and built for DEME. The ceremony took place at IHC's shipyard in Krimpen aan den IJssel, The Netherlands. It was performed by Mrs Fabienne Ackermans, the spouse of Mr Luc Bertrand (chairman of the Board of Directors of Ackermans & van Haaren, owner of DEME).Spartacus is reportedly the world’s largest CSD and the first to be powered by liquefied natural gas (LNG). The four main engines can run on LNG, marine diesel oil (MDO) and heavy fuel oil (HFO).

New High Efficiency Propeller Introduced

Photo: Sharrow Engineering

Philadelphia design firm Sharrow Engineering, LLC  announced that the company’s propeller design has been awarded patents in the U.S., Japan, Canada, and European Union with further domestic and international patents pending. Additionally, the final phase of testing on its core propeller product has been completed.Over the past six years, Sharrow Engineering has analyzed extensive testing data collected at the University of Michigan’s Marine Hydrodynamics Laboratory and implemented a rigorous in-water test program using manned vessels in lakes, rivers, and bays.

Saras Invests in New Bunkering Terminal

© Riccardo Arata / Adobe Stock

Italian refiner Saras is constructing a ship-refueling terminal at its Sardinia plant and will market a new, cleaner marine fuel ahead of a major regulatory change in 2020, its chief executive told Reuters.From January 2020, the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, in one of the biggest changes in the oil market in decades.Refineries around the world have been gearing up for the switch by reducing output of high-sulphur fuel and upgrading plants to maximize production of the cleaner…

Intercargo Asks IMO to Address Challenges of 2020

Pic: Intercargo

In addition to progress made on a number of important issues, the International Maritime Organisation (IMO) at its recent Marine Environment Protection Committee (MEPC 73) listened to the concerns raised by the International Association of Dry Cargo Shipowners (Intercargo) and others and offered a constructive way forward to potentially address them.The association of shipowners, managers and operators of dry cargo vessels and represent better this shipping sector said that it is critical…

Big Oil Set to Cash in on IMO 2020 Rules

File Image (CREDIT AdobeStock / © bvigaro

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…

ExxonMobil Rolls-out New Antwerp Unit to Produce Marine Fuel

Image: ExxonMobil

ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel.The new 50,000 barrel-per-day unit expands the refinery’s capacity to meet demand for cleaner transportation fuels throughout northwest Europe. The company’s investment in the new coker will also help meet anticipated demand for lower-sulfur fuel oil to comply with new standards to…

Shipping Industry Welcomes EU Support to Green Fuel

Pic: European Community Shipowners’ Associations (ECSA)

The shipping industry and the European Independent fuel suppliers welcome the European Parliament’s support to incentivize the uptake of low-carbon and carbon-free alternative fuels and to remove disparities in energy taxation.On 25 October the European Parliament adopted its report on The deployment of infrastructure for alternative fuels in the EU which pointed out that taxation has a major impact on the price competitiveness of alternative fuels and underlined that a technology…

The 2020 Global Sulphur Cap: ABS Aid for Greek Shippers

Pic: ABS

Leading Greek shipping industry stakeholders joined ABS, a global provider of classification and technical advisory services to the marine and offshore industries, for a workshop on drafting 2020 sulfur limit Ship Implementation Plans (SIP).Intended to help shipping companies and crew ready their vessels for compliance with the required sulfur content limit of 0.50% by 1 January 2020, the ABS workshop identified risks associated with design and operations of vessels in relation to the IMO regulation, including a HAZID study.

ECSA Welcomes Outcome of MEPC 73

Pic: International Maritime Organization

European Community Shipowners' Association (ECSA)  welcomes the good progress that has been made at last week’s meeting of the Marine Environment Protection Committee (MEPC) on some key environmental issues.Major developments were the adoption of the ban from 1 March 2020 on carriage of non-compliant fuel and the compromise reached on collecting data from the world fleet on fuel oil non-availability and quality without any delay in the implementation of the 2020 sulphur rules.A fixed implementation date is retained…

Industry Groups Welcome Arctic Heavy Fuel Oil Ban

Pic: Pacific Environment

The Clean Arctic Alliance and indigenous groups welcomed the support given by member states to commence work on developing a ban on the use and carriage of heavy fuel oil in Arctic waters as the International Maritime Organization’s Marine Environment Protection Committee (MEPC 73) closed last week in London.Support for commencing work, to mitigate the risks of using and carrying HFO fuel in the Arctic which includes developing a ban, at the PPR6 technical meeting, in February 2019…

BIMCO Hails Carriage Ban

Pic: International Maritime Organization (IMO)

Baltic and International Maritime Council (BIMCO) has been a proponent for a carriage ban of non-compliant fuel (unless the ship has a scrubber) and is pleased to see it adopted with a start date of 1 March 2020, said a release from the international shipping association.“A carriage ban on non-compliant fuel is critical in order for the member states to be able to enforce the sulphur regulation,” Lars Robert Pedersen, BIMCO Deputy Secretary General.Two key developments were the…

Carriage Ban Adopted to Implement Sulphur 2020 Limit

Pic: International Maritime Organization (IMO)

An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization (IMO) on Friday (26 October), during the current session of the Marine Environment Protection Committee (MEPC 73).The new 0.50% limit (reduced from 3.50% currently) on sulphur in ships' fuel oil will be in force from 1 January 2020, under IMO's MARPOL treaty, with benefits for the environment and human health.The complementary…

Golten's Strand: Get on the Scrubber Retrofit Wave

Goltens COO Roy Strand said “When emissions regulations are applied globally, the investment in exhaust cleaning will make more sense to many operators. Photo: Goltens

As shipowners mull the technical and logistics solutions to meet the IMO's 2020 deadline regarding sulfur emissions, Goltens COO Roy Strand said “When emissions regulations are applied globally, the investment in exhaust cleaning will make more sense to many operators. There will be more customers who choose to invest in scrubber technologies due to the clear payback.”Strand and Goltens have a stake in the solution, as Goltens Green Technologies is a leader in supplying emission  control solutions.

Moore Stephens: Ship Operating Costs to Rise in 2018, 2019

Richard Greiner, Moore Stephens partner, Shipping and Transport

International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking is the cost category likely to increase most significantly in both 2018 and 2019, accompanied in the latter case by repairs and maintenance. The cost of drydocking is expected to increase by 2.1% in 2018 and by 2.3% in 2019…

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

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