Low Sulfur Fuel Oil News

24 Oct 2019

MES-S Delivers 66,000 Dwt Bulker Newbuild

Image: Mitsui E&S Shipbuilding

Japanese shipbuilder Mitsui E&S Shipbuilding (MES-S) has handed over a 66,000 dwt bulk carrier to Liberia-based Tomaros Navigation at its Tamano Shipyard.The newbuild is named M/V Tomaros."This is the 20th ship of our "neo66BC", the "wide beam shallow draft vessel" of our line-up "neo series"," said the shipbuilder.Featuring a length of 200 meters and a width of 36 meters, the 38,234 GT bulker flies the flag of the Bahamas.Tomaros has four cranes and five cargo holds, and keeps the superior usability of 56BC.The vessel is designed to have enough deadweight more than 66…

23 Oct 2019

QP Begins VLSFO Bunkering at Ras Laffan Port

Image: Qatar Petroleum

State-owned oil company Qatar Petroleum announced the commencement of Very Low Sulfur Fuel Oil (VLSFO) bunker supply operations at Ras Laffan Industrial City (RLIC) Port.The VLSFO marine fuel offering has been initiated in advance of the International Maritime Organization (IMO) 2020 regulation for a 0.50% global Sulfur limit for marine fuels which will come into effect 1st January 2020.Qatar Petroleum, in conjunction with Qatar Fuel (Woqod), initiated bunkering services in Qatar…

07 Oct 2019

Drewry Cuts Global Port Throughput Forecast

Image: Drewry Shipping Consultants Limited.

Drewry Shipping Consultants has revealed that it now expects global port throughput to rise by 2.6% in 2019, down from the previous 3.0% expectation.The mood-music surrounding the container market has deteriorated further in the last three months, resulting in Drewry downgrading its outlook for world container port throughput for the current year and the rest of the five-year horizon in the Container Market Annual Review and Forecast.The weight of risks pressing down on the container market seems to be getting heavier by the day…

27 Sep 2019

Container Rates Fall Due To Overcapacity

Xeneta CEO Patrik Berglund says that the container shipping sector is in a “high-pressure” situation at present but that in such a dynamic sector, “things can change very quickly”. (Photo: Xeneta)

According to Norway-based ocean freight rate benchmarking and market intelligence specialist Xeneta, long-term contracted ocean freight rates for carriers continued their downward trend this month, however by only 0.1% globally. The company said the decline comes against a backdrop of increasing overcapacity, and that widespread blanked sailings and on-going concern over US-China relations were adding to industry uncertainty.Xeneta said that long-term rates have followed a pattern of decline since the middle of 2018…

09 Sep 2019

Cosmo Oil Builds IMO-compliant Fuel Stocks at Chiba Port

Japanese oil refiner Cosmo Oil is to build new storage capacity for IMO-compliant low-sulfur fuel at its Chiba facility. (Photo © Adobe Stock / show999)

Japan’s third-largest oil refining company, Cosmo Oil, , has started building stocks of very-low-sulfur fuel oil (VLSFO) for supply to domestic marine fuel markets from next month (October 2019) ahead of the IMO 2020 mandate requiring ships globally to reduce their bunker fuel sulfur content to 0.5% from the current 3.5% from January 2020.Cosmo Oil is using VLSFO produced at its residue desulfurizer (RDS) unit at its Chiba refinery near Tokyo to build the stocks, Cosmo Oil’sPresident Shunichi Tanaka said on Sunday…

05 Sep 2019

Euronav to Store Low-Sulfur Oil

Pic: Euronav

The crude oil tanker company Euronav has purchased a total of 420,000 metric tons of compliant fuel oil and marine gasoil so far, the company revealed as it detailed its IMO 2020 sulfur cap plans. In aggregate the purchase value of very low sulfur fuel oil (VLSFO) has been at $447 per metric ton compared to a bunker price (HFO-3.5% Sulfur content) of $400 per metric ton over the same procurement period.According to the Belgium shipping company, the oil is currently aboard a ultra large crude carrier (ULCC) Oceania, a vessel built in 2003, and will soon be on its way to Singapore.

27 Aug 2019

Monjasa Acquires 5 Tankers for 2020 Supply

Pic: Monjasa

Global bunker company Monjasa Group has acquired full ownership of five tankers ahead of IMO2020."Monjasa secures five tankers with a total 37,500 deadweight and thereby extends ownership of the supply chain across core markets in the Arabian Gulf, West Africa and the Panama Canal at a critical point of time in bunkering and shipping," said a press release from the global partner in the oil and shipping industries.Shipowners around the world are tightening marine fuel supplies…

24 Jun 2019

Vitol Builds Refinery for New Ship's Fuel

Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulfur fuel for ships, a senior company official said on Monday.The project consists of a crude distillation unit that can process 30,000 barrels per day of crude and is located on the same site as Vitol's oil storage terminal at Tanjung Bin in the southern Malaysian state of Johor, Vitol Asia's President and Chief Executive Officer Kho Hui Meng said.A construction unit under China National Petroleum Corp (CNPC) is handling the project which will involve moving a second-hand CDU from China to the site…

12 Jun 2019

Preparing for IMO 2020: Marine Emission Solutions

Image: Danfoss

Part I: Enhancing Engines & Fuels"Wood Mackenzie forecasts a 25 percent increase in price for lower sulfur content fuel based on a SOx scrubber adoption rate of about two percent, but some scenarios could cause LSFO prices to spike by as much as 60 percent."Around 80 percent of global trade is carried by sea. With more than 125,000 commercial and naval vessels operating around the world, ship-engine emissions are projected to rise by 250 percent by 2050 unless controls are imposed.

11 Jun 2019

Interview: Kjeld Aabo, Director New Technologies, MAN ES

Kjeld Aabo, Director New Technologies, MAN ES.

“I think it is very early to project what will be the fuel of the future. I think that it will be much more clear in January 2020 (when the new IMO fuel rules enter force) and we see the direction of fuel costs.”To start, put in perspective the current pressure to reduce emissions in the maritime industry.It all really started at the beginning of the 1990s when the world started discussing that something needed to be done on exhaust gas emissions from marine vessels. We stayed in contact with various regulatory authorities, as we tried to be a part of the conversation in the creation of rules.

10 Jun 2019

Fuel Futures: Diesel Will Spike on IMO2020

© bluedesign/Adobe Stock

New marine fuel rules to boost diesel prices for at least a year -analystsGlobal prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain higher for at least a year as refiners shift production to make more of the new fuels, analysts said.Marine fuels containing no more than 0.5% sulfur by weight, down from the 3.5% currently used, to power ocean-going vessels will be required for ships without exhaust scrubbers on Jan.

17 May 2019

NYK Intros Compliant Additive for LSFO

Pic: NYK Line

The Japanese Shipping Company Nippon Yusen Kaisha (NYK) have jointly developed a new fuel-oil additive for low-sulphur compliant fuel-oil that meets SOx emission requirements.Yunic 800VLS (patent pending) is Japan’s first additive for very low sulfur fuel oil, or VLSFO. The additive improves safety by helping to avoid troubles that may be caused by certain contents of VLSFO.A global sulfur cap will enter into force on January 1, 2020, and one way ships can meet the requirement is by using VLSFO (sulfur content below 0.5%).

16 May 2019

Marine Fuel Rules to Disrupt Markets for 1-5 years

File Image: AdobeStock / © 14KT Gold

The marine industry's January 2020 shift to using very low sulfur fuel oil (VLSFO) to power ships worldwide will launch a one- to five-year disruption in oil and refined products markets, according to a study released Thursday by Boston Consulting Group.The International Maritime Organization (IMO)'s mandated switch will require fuels to have a sulfur content below 0.5%, compared with 3.5% now. It aims to improve human health by reducing air pollution from sea-going vessels.The changeover may increase profits for refiners, especially on the U.S.

30 Apr 2019

COSCO Inks LSFO Supply Deal with Double Rich

Image: COSCO Shipping Lines

China’s COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China).According to the agreement, Double Rich limited will provide fuel oil with sulfur content not exceeding 0.5% m/m conforming to the regulation of International Maritime Organization (IMO) for COSCO Shipping Lines in order to assist the fleets of COSCO Shipping Lines to better fulfill the amendment of ANNEX VI in International Convention for the Prevention of Pollution from Ships (MARPOL)…

14 Jun 2018

MES-S Delivers 66,000 DWT Bulk Carrier

Japanese shipbuilder MITSUI E & S SHIPBUILDING CO., LTD. (MES-S) said it has completed and delivered a 66,000 dwt bulk carrier M.V. Kedros at its Tamano Shipyard on June, 14, for KEDROS NAVIGATION SA, Liberia.The vessel is the 17th ship of the builder's wide beam neo66BC series.The vessel is equipped with four cranes and has five cargo holds with total capacity for more than 82,800 cubic meters for loading cargoes such as coal, ore, grain, as well as lengthy/heavy cargo like steel pipe and hot coil. The size of hatch opening is the largest for this type of vessel in terms of both length and width, MES-S said.The ship's main engine, a MITSUI-MAN B&W 7S50ME-B9.3 diesel engine…

18 Oct 2018

NYK Develops Onboard Sulfur-in-oil Analyzer

Image: NYK Group

NYK and Nippon Yuka Kogyo Co., Ltd., an NYK Group company, have teamed with Horiba Ltd. to develop a new sulfur-in-oil analyzer for ships. The new device is based on an existing device used at onshore analysis centers.Using this new analyzer, NYK will be able to thoroughly comply with regulations limiting sulfur oxides (SOx) from vessels, as well as optimize the company’s use of low-sulfur fuel oil.Certain areas around Europe and North America have been designated as emission control areas (ECAs) to prevent air pollution…

16 Jan 2019

Ship Fuel: Singapore Bunker Volumes Dip, 2019 Uncertain

© stockphoto mania/AdobeStock

Sales of marine fuels in Singapore, the world's biggest ship fueling port by volume, totaled 49.8 million tonnes in 2018, down 2 percentfrom a record the year before, the Maritime and Port Authority of Singapore (MPA) said on Monday.December sales volumes of marine fuels, also known as bunkers, reached an 11-month high of 4.308 million tonnes, up 10 percent from November and the second-highest for the year, the data showed.The strong month helped lift Singapore's 2018 marine fuel sales figures to the second highest on record…

15 Mar 2018

MES Delivers 66,000 DWT Bulk Carrier

Japanese shipbuilder Mitsui Engineering & Shipbuilding Co., Ltd. (MES) said it has completed and delivered a 66,000 dwt bulk carrier to owner Ostria Marine Co. The newbuild, M.V. Christina, was delivered at the builder's Tamano Works on March 15, 2018. The vessel has four cranes and five cargo holds, with more than 82,800 cubic meters cargo capacity. The ship’s main engine, a MITSUI-MAN B&W 7S50ME-B9.3 diesel engine, complies with MARPOL NOx restriction (Tier-II) for exhaust gas emissions. The ship has low sulfur fuel oil tanks, which are designed for operation in Emission Control Areas (ECA). Service Speed: abt.

19 Mar 2018

Mitsui Delivers Bulker to Ostria Marine

M.V. CHRISTINA Photo Mitsui Engineering & Shipbuilding

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 66,000 dwt type bulk carrier M.V. "CHRISTINA" (MES Hull No.1919) at its Tamano Works on 15th March, 2018 to Ostria Marine Co., Marshall Islands. This is the 16th ship of our "neo66BC", the "wide beam shallow draft vessel" of our line-up “neo series”. Service Speed abt. * The vessel has four (4) cranes and five (5) cargo holds, and keeps the superior usability of our 56BC. * The vessel is designed to have enough deadweight more than 66…

20 Apr 2018

Scrubbers 'No Silver Bullet' for Shipping -Wartsila

© Diego Cardini / Adobe Stock

Global shipping fleet must cut sulfur emissions by 2020. Wartsila received record orders for sulfur scrubbers last year. Shipping industry hopes that so-called sulfur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters. The International Maritime Organization's (IMO) cut to the amount of sulfur the world's fleet can emit will have massive implications for shippers, oil refiners and even crude oil producers.

01 Apr 2019

COSCO Signs LSFO Supply Deal with Petro China

Pic: COSCO Shipping Lines

Chinese state-owned Shipping and logistics services supplier company COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China).According to the agreement, Double Rich limited will provide the Shipping line with ‘fuel oil with sulphur content not exceeding 0.5% m/m’ conforming to the regulation of International Maritime Organization (IMO).By keeping promoting and applying diverse and advanced emission reduction technology and optimizing management pattern…

12 Feb 2019

IMO 2020: More than Fuel Choice

Image: TOTAL Lubmarine

With a year to go before the implementation of the 2020 Sulfur Cap, few topics will be higher on the list of priorities for shipowners than complying with Annex VI of the IMO MARPOL Convention (2008). However, the reduction of sulfur content in marine fuel from 3.5% to 0.5% in time for the deadline means more than identifying a strategically suitable fuel choice. The importance of choosing the correct lubricant, coupled with incorporating the relevant supporting is also a vital consideration.As both a global lubricant supplier and as a part of the wider Total Group…

08 Apr 2019

IMO 2020 Impact on Fuel Bunker

Graph: Rystad Energy

When new International Maritime Organization’s (IMO’s) bunker fuel regulations come into effect on January 1, 2020, there remains uncertainty regarding the availability and pricing for all marine fuel, as owners grapple with technical solutions for compliance.The sulfur content limits in bunker fuels used outside the designated Emission Control Areas (ECAs) will be reduced to 0.5% (from 3.5%) to reduce air emissions from shipping.High sulfur fuel oil (HSFO) currently represents nearly 80% (approx.

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