Gas Oil News

21 Mar 2019

Marine Coatings: Moving with the Tide

Andreas Glud, Group Segment Manager, Marine, Dry Dock, Hempel A/S

The maritime industry has always followed a path of gradual improvement, albeit with many opting to travel the route of least resistance. In some ways, this is a good thing. A cautious approach to navigating change brings stability, assurance and predictability. This measured attitude toward managing change has been fundamental to ensuring that the commercial shipping industry remains the most financially viable transportation solution for moving most goods around the world. But…

20 Mar 2019

Høglund to Supply FGSS for Hurtigruten

Pic: Hurtigruten

Høglund, the marine solutions and system integration company, has been awarded a contract to deliver biogas-ready fuel-gas supply systems (FGSS) for six Hurtigruten passenger ship retrofits.Høglund will work together with HB Hunte Engineering to design and engineer fully customized tank and FGSS solutions for each of the six vessels, optimized to run on both liquefied natural gas (LNG) and liquefied biogas (LBG), according to a press release.Hurtigruten will use Høglund and HB Hunte’s FGSS solutions in tandem with large battery packs onboard its vessels…

19 Mar 2019

Engine Overhaul for OSV Seven Atlantic

Subsea 7 Seven Atlantic (Photo: Royston)

One of the world's most advanced diving support vessels has undergone a comprehensive power plant refurbishment and maintenance program.Engineers undertook the 30,000 running hour major service on the generator engines on board the 140-meter-long Subsea 7 Seven Atlantic, said power specialist Royston who completed the diesel engines overhaul.The work by Royston saw the Wartsila W7L32 diesel generator No.5 disassembled to install new cylinder heads, air start valves, indicator cocks, injectors and cylinder seals.

14 Mar 2019

Newbuild VLCC's Lift Gasoil, Head Westward

File Image: AdobeStock / © Jose Gill

Ship builders in Asia are sending a record number of supertankers west carrying middle distillate oil products, such as diesel, data intelligence firm Vortexa said on Thursday, adding more volumes might follow.Very large crude carriers (VLCC) often carry refined, or clean, oil products on their maiden journey before switching to crude oil."New build VLCCs are loading clean gasoil for maiden voyages at record levels in 2019," data intelligence firm Vortexa said on Thursday."So far this year…

12 Mar 2019

IMO 2020: Shell, HES to Resurrect Refinery

Royal Dutch Shell has struck a deal with Dutch tank terminal firm HES International to partially restart a German oil refinery mothballed since 2011 in response to new restrictions on marine fuels, two trading sources told Reuters.A new cap set by the International Maritime Organization (IMO) that will cut the sulfur content in shipping fuel to 0.5 percent from 3.5 percent from next year is set to be one of the biggest fundamental events to hit oil markets in years.HES Wilhelmshaven Tank Terminal is in the process of reinstalling the vacuum distillation unit (VDU) at Wilhelmshaven to produce low-sulfur bunker fuels ahead of the implementation of the IMO rules…

11 Mar 2019

US to Lead Oil Supply Growth to 2024

Dr Fatih Birol (center) and IEA Oil Analyst Toril Bosoni (right) present the findings from Oil 2019 in Houston at CERA Week on 11 March 2019 (Photograph: Getty Images)

The United States is set to drive the global oil supply growth over the next 5 years, thanks to the strength of its shale industry, triggering a rapid transformation of world oil markets, according to the International Energy Agency (IEA).IEA said that oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply, by the end of the forecast.While global oil demand growth is set to ease, in particular as China slows down, it still increases an annual average of 1.2 mb/d to 2024, according to the report, Oil 2019.

11 Mar 2019

BP Launches New Climate Compliant Marine Fuel for Shipping

Energy group BP is set to sell a new very low sulphur fuel oil (VLSFO) ahead of a ban on more polluting fuels for the shipping industry coming into force next year, it said on Monday."BP has developed a marine fuel offer that includes this new VLSFO along with marine gas oil and also high sulphur fuel oil for vessels that are equipped with scrubbers (sulphur filters)," it said."BP intends to retail the new 0.5 percent sulphur VLSFO globally."(Reuters, Reporting by Shadia Nasralla; Editing by Mark Potter)

11 Mar 2019

Hapag-Lloyd: Expedition Fleet to Cruise Without Heavy Oil

Together with the introduction of new expedition cruise catalogues for the 2020-2021 season. Hapag-Lloyd Cruises has also announced that low-pollutant marine gas oil (MGO) will be used exclusively on all routes sailed by its expedition ships in the fleet - the HANSEATIC nature, the HANSEATIC inspiration and the BREMEN from July 2020. Joining the fleet in 2021, the HANSEATIC spirit will also use this fuel.The use of low-sulphur fuels in the Antarctic has been mandatory for several years and already Hapag-Lloyd Cruises uses marine gas oil voluntarily in other sensitive regions, such as the Arctic or Kamchatka. This low-pollutant fuel has a sulphur content of just 0.1 per cent.

07 Mar 2019

Scrubber Safe for Environment: Carnival

Image: Carnival Corporation

Carnival Corporation has released the results of an independent, two-year scientific scrubber wash-water study.The study shows the company’s advanced air quality systems (i.e. scrubbers) are in compliance with the International Maritime Organization’s (IMO) 2020 requirements, which include regulations for cleaner air emissions and strict wash-water quality standards.The study also concluded that the wash-water samples from scrubbers were below the limits set by several major national and international water quality and land-based water discharge standards…

27 Feb 2019

WFS Fortifies Port of Gibraltar Ops

Photo courtesy of WFS

World Fuel Services (WFS) reports that it has extended its capacity in the port of Gibraltar with the addition of two barges to its physical bunker operations.  The barges, dedicated to Marine Gasoil and Ultra Low Sulfur Diesel, also offer the option for multiple product segregation. This new operational set-up with the modern and SIRE inspected barges, allows WFS to provide for a vast range of supply options for all vessel types, supplying up to 15,000 MT in one single barge trip.

17 Feb 2019

Lloyds Approves New Scrubber Technology

Image: Value Maritime

The Netherlands-based Value Maritime has received the International Air Pollution Prevention (IAPP) certificate from Lloyds for its scrubber system.A press release from the engineering and ship financing company said that most of the tests required to obtain certification had been performed during installation."Since the Value Maritime scrubber uses a new innovative technology, we had to further demonstrate its performance outside SECA in order to receive class approval," it said."To this end…

11 Feb 2019

Fund Buying Slows on Crude

© Pawin/AdobeStock

Hedge funds added more bullish positions in crude at the start of February but at a much slower pace than before, as optimism about OPEC output cuts was tempered by renewed anxiety about the U.S.-China trade talks.Hedge funds and other money managers increased their net long position in Brent crude futures and options for the eighth time in the last nine weeks but by just 1 million barrels.Fund managers added new short positions (+13 million barrels) for the week ended Feb. 5…

04 Feb 2019

Blockchain to Track Sustainable Biofuel

BHP and NYK use GoodFuels biofuel to progress decarbonisation goals. Image: GoodFuels

Japanese shipping company NYK, global mining company BHP, green biofuel company GoodFuels and the developer of blockchain applications for the maritime industry Blockchain Labs for Open Collaboration (BLOC) bunkered biofuel in the tanks a BHP vessel in Netherlands.The Netherlands based GoodFuels Marine, a supplier of sustainable low carbon marine fuels, has annouced the successful delivery of sustainable biofuels to the BHP-chartered, NYK-owned bulk carrier Frontier Sky, with CO2 savings verified with BLOC’s blockchain fuels assurance platform.

21 Jan 2019

Asahi MOL Tankers Established

Pic: Mitsui O.S.K. Lines

Japanese shipping company Mitsui O.S.K. Lines (MOL) and the marine transportation services provider Asahi Tanker Co have launched a new MR product tankers pool with a fleet of about 25 ships.The new pool, named Asahi MOL Tankers and headquartered in Republic of the Marshall Islands, will also launch MR product tankers that will be assigned to the pool.MR stands for Medium Range and refers to product tankers in the 45,000-55,000 deadweight ton class. This ship type has great versatility in transporting petroleum products such as gasoline…

17 Jan 2019

Novatek Production Rose 6.9% in 2018

Pic: Novatek

Russia's largest independent natural gas producer Novatek said that total hydrocarbon production during 2018 increased by 6.9%, and had increased sales of gas."In 2018, Novatek’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 35.1 million boe, or by 6.9% as compared with the twelve months 2017…

14 Jan 2019

Crude & Fuel Outlook: Fund Managers Neutral

© MiaStendal/AdobeStock

Hedge fund managers show signs of having completed their recent sale of crude and refined fuels, with positions edging up slightly in the first week of the new year, amid hopes a recession can be averted.Oil prices have bounced off their recent lows, the U.S. dollar has weakened against most other major currencies and expectations of a trade deal between the United States and China are rising.Portfolio managers raised their net long position in ICE Brent crude futures and options by 6 million barrels to 158 million barrels in the week to Jan.

11 Jan 2019

Diesel Futures Project Slowdown in 2019: Kemp

© ronniechua/AdobeStock

By the end of last year, hedge fund positions in diesel had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession.Most middle distillate fuels such as diesel, gasoil and jet fuel are consumed in freight transport (ships, trucks, railroads and air cargo) as well as manufacturing and mining.Middle distillate consumption and prices are therefore more closely tied to the state of the economy than other refined fuels such as gasoline.

09 Jan 2019

China Bans Discharge From Open-Loop Scrubbers in Coastal Waters

China's maritime authority has banned the discharge of "wash water" used in ships to strip hazardous sulphur emissions from engine exhaust gases from Jan. 1, in an effort to curb pollution of its coastal seas.The ban on discharges from so-called open-loop scrubbers affects all rivers and ports along China's coastline and includes the Bohai Sea, according to an official from the China's Maritime Safety Administration (MSA).The measure mirrors a similar move made in Singapore ahead of International Maritime Organization (IMO) rules that will ban ships from using marine fuels with a sulphur content of more than 0.5 percent from 2020, unless…

13 Dec 2018

ICE to Launch Marine Futures Contracts Ahead of IMO 2020 Sulfur Cap

Pic:  International Maritime Organization (IMO)

The Intercontinental Exchange will launch new Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulphur cap by the International Maritime Organization (IMO) in 2020.The operator of global exchanges and clearing houses and provider of data and listings services said in a press release that the new contracts are expected to launch on February 4, 2019, subject to completion of relevant regulatory processes.The new contracts have been developed in response…

12 Dec 2018

NYK in Charter Agreement with Mitsubishi

Image of LNG carrier to be built by NYK Line

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed long-term contracts with Diamond Gas International Pte. Ltd. (DGI), a wholly owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers.Previously, NYK concluded long-term time-charter contracts for three new LNG vessels for MC’s Cameron LNG project, so these most recent contracts bring the total to six carriers for MC.The NYK Group will be responsible for ship management for the three ordered LNG carriers…

07 Dec 2018

NYK Line Signs TC for Two LNG Carriers with Total

Pic: NYK Line

Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The two LNG carriers will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

07 Dec 2018

Coast Guard Commandant Optimistic About Icebreaker Funding

A file image of the Coast Guard's lone heavy icebreaker, the Polar Star. Image CREDIT: USCG

The United States may soon get funding for a new heavy icebreaker ship, the head of the U.S. Coast Guard said on Thursday, as global warming spurs the race to stake out the Arctic, which is rich in oil, gas, and minerals.The United States has two operational icebreakers - a heavy one, the Polar Star, which is more than 42 years old and has outlived its life expectancy by a dozen years, and a medium one, the Healy cutter.By comparison, Russia has about 40 to 50 icebreakers, purpose-built vessels that can rescue other ships…

02 Dec 2018

'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…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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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