Marine Gas Oil News

11 Feb 2020

Future Ship Fuels: Cut through the Smoke

© JEGAS RA/AdobeStock

Ship owners increasingly face complex investment decisions as they try to navigate the most efficient course to the low-carbon future. Ever since the IMO set the industry’s ambitious emission-reduction targets for 2030 and 2050, owners have been inundated with information about future fuels and technologies that may, or may not, ultimately lower the carbon footprints of their fleet.Some of the new technologies hold promise, but the day-to-day viability of too many of them remains unproven; the same can be said for many of the potential fuels.

30 Jan 2020

LNG and Shipping Decarbonisation Target

Image: International Council on Clean Transportation

Though liquefied natural gas (LNG) could help the shipping industry to reach its decarbonization target, it could wreck the climate, finds a study.According to a research by the International Council on Clean Transportation (ICCT), switching vessels to the LNG fuel would only serve to worsen shipping’s climate impact due to previously underestimated leakage of the climate super-pollutant methane.More and more ships, including container ships and cruise ships, are being built to run on liquefied natural gas (LNG)…

17 Jan 2020

Low-sulphur Fuel Sales Surge

© vladsv / Adobe Stock

The final quarter of 2019 marked a massive decline of high-sulphur fuel oil (HSFO) sales, as the industry transitioned into compliance of the International Maritime Organization's (IMO) 2020 Sulphur Cap (IMO 2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months. In contrast, the sale of low-sulphur fuels skyrocketed in the final quarter.The first wave…

20 Nov 2019

PROPULSION: LNG as a Fuel

The first shore-to-ship LNG bunkering of the offshore supply vessel Harvey Energy by Harvey Gulf International Marine at the company’s dedicated shoreside facility at Port Fourchon, La. (CREDIT: © Harvey Gulf)

Some forecasts expect 10% of the global fleet to be powered by LNG by 2030, a proportion that could rise to just under a quarter of the fleet by 2050. Will your vessels be among them?The year-end sulfur cap on marine fuels and recent industry commitments to reduce its collective carbon footprint are behind a surge of interest in LNG as fuel; widespread adoption, however, still faces strong headwinds on several fronts.After a period where the costs of transitioning to LNG as fuel – at the operational and capital expenditure (Capex) levels – had appeared to constrain demand…

08 Nov 2019

IMO2020: Market Uncertainty Brings More Fuel Oil Price Volatility

Photo: BIMCO

The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming IMO 2020 Sulphur cap regulation (IMO2020) is having a big impact on the bunker market. Whereas, the price for Marine Gas Oil Low Sulphur (MGO LS) has largely remained stable, the price for High Sulphur Fuel oil (HSFO) has been become increasingly more volatile in recent months.

07 Nov 2019

Fuel Spread for 32 Ports on BIMCO Website

Photo: BIMCO

BIMCO members can now monitor the price spread between Marine Gas Oil Low Sulphur and 380 centistoke High Sulphur Fuel Oil in 32 different ports around the world with daily information supplied by MABUX.The service is intended to assist members in making bunkering decisions before and after January 1, 2020.“We have seen significant fluctuations in the market over the past couple of months – fluctuations that can only be explained by the massive uncertainty about the future. It is currently not operating by market fundamentals.

30 Oct 2019

Viva Energy Fuels the Future of Shipping

Photo: Viva Energy

Viva Energy Australia announced the launch of its new very low sulphur fuel oil (VLSFO), developed to meet the International Maritime Organization’s (IMO) new regulations on fuel sulphur content.The new regulations will limit the sulphur content in marine fuels to 0.5% from the current level of 3.5%, in a move to reduce sulphur oxide emissions globally. Vessels worldwide will be required to comply by January 1, 2020.The introduction of the IMO’s new sulphur cap on fuels is one…

29 Oct 2019

ExxonMobil Talks With Teekay Ahead of IMO 2020

The International Maritime Organization (IMO) has mandated a global 0.50% cap on the maximum level of sulphur in marine fuel. This new cap represents a significant reduction – down from the current 3.50% limit – and presents the marine industry with compliance challenges.Starting from January 1, 2020, vessel operators will need to use a compliant fuel, or have a scrubber fitted if they wish to continue burning high-sulphur fuel oil. This ruling does not affect Emission Control Areas (ECAs), where a 0.10% sulphur fuel is still required.ExxonMobil anticipates that the vast majority of the industry will choose a low-sulphur fuel to meet the new IMO 2020 cap. However, there is no single route to compliance.

25 Oct 2019

Viking Supply Ships Scoops PSV Pair

(Image: Wärtsilä)

Swedish-based Viking Supply Ships (VSS) in partnership with funds managed by Borealis Maritime, has entered into a contract to purchase two platform supply vessels (PSV) currently under construction. In addition to the partial ownership, VSS has been awarded full operational and commercial management of the vessels, the company said.VSS did not reveal specific transaction details, but said the pair has been acquired at a significant discount compared to original contract price…

23 Oct 2019

GE Powers World’s Largest Crane Vessel

Photo: GE

In September, Heerema Marine Contractors’ semi-submersible crane vessel (SSCV) Sleipnir completed its first project, installing the topsides for the Leviathan development in the Mediterranean, a world record lift.At 220 meters long and 102 meters wide, Sleipnir is the world’s largest crane vessel, with two 10,000-tonne revolving cranes. GE said it provided the electrical part of the power and propulsion system including 12 sets of 8-megawatt (MW) generators, eight units of 5.5 MW propulsion motors…

10 Oct 2019

BIMCO Offers Bunker Fuel Price Monitoring

Graph: BIMCO

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO LS (marine gas oil low sulfur), both in USD per metric ton, as well as the spread between the two fuel types, with data available since June 2017.

03 Oct 2019

Hapag-Lloyd Cruise to Sail Without HFO

Image: Hapag-Lloyd

Hapag-Lloyd Cruises has announced that from July 2020 its global fleet will no longer burn heavy fuel oil (HFO) and instead run exclusively on marine gas oil with a maximum sulfur content of 0.1 % (LS-MGO)."In doing so, the company will cut the emissions of its fleet of both luxury and expedition ships significantly. By transitioning to the low-pollutant fuel voluntarily, the sulfur emissions of the Hapag-Lloyd Cruises’ fleet will be cut by 80 %. Additionally, the switch to marine gas oil means a reduction in soot and particulates of up to 30 %…

31 Aug 2019

NYK Signs LNG Vessel Order for Total TC

Pic: NYK

Japanese shipping gaint Nippon Yusen Kabushiki Kaisha (NYK) has signed a new long-term contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The contract calls for TGPCL to charter from NYK a newly built liquefied natural gas (LNG) carrier that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The LNG carrier will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

30 Aug 2019

UPM to Charter 7 LNG-fueled Newbuilds

Image: UPM Global

Helsinki-headquartered UPM Logistics says that it has entered into a long-term charter agreement with the Finnish Bore Ltd and the Dutch Wijnne Barends, both affiliates of the Dutch Spliethoff Group.Together, the companies will design and build seven state-of-the-art vessels for sustainable sea transportation for UPM in Europe.“This arrangement is a consistent step in UPM’s logistics strategy. It will safeguard a sustainable, competitive and reliable shipping solution for our businesses and customers on long term…

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…

26 Mar 2019

IMO 2020: Exxon Mobil Projects 25% Decline in High-Sulfur Fuels

© Nickolay Khoroshkov/AdobeStock

Exxon Mobil Corp expects high-sulfur fuel oil demand to fall 25 percent by 2025, as a new set of emission regulations from the International Maritime Organization capping sulfur content in shipping fuel at 0.5% kicks in in 2020, a top-level official at the U.S. oil and gas company said on Monday.The International Energy Agency has forecast high-sulfur fuel oil demand to fall 60 percent next year, while marine gas oil demand to more than double.Exxon's forecast comes as its refining business is struggling to find enough heavy crude to make fuel oil and other distillates, in the face of U.S.

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…

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)

22 May 2019

Bunker Fuel Mkt to Reach $273bln by 2025

Image: BP

The global bunker fuel market, which was valued at $137.21 billion in 2017, is expected to reach $273.05 billion by 2025, growing at a CAGR of 9.4% during the forecast period, 2018-2025.Increased offshore hydrocarbon exploration activities in offshore destinations and growth in marine trade due to rise in import-export activities contribute to the overall growth of the global bunker fuel market, said a report published by Allied Market Research.However, stringent government regulations…

10 Apr 2019

NYK Fixes Newbuild LNG Carrier with Edison

Photo: NYK

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) has signed a contract with Edison SPA, a Milan-based energy company, to charter out a newly built liquefied natural gas (LNG) carrier for up to 20 years, including optional extension periods.The vessel is scheduled for delivery in 2022 from Hyundai Samho Heavy Industries Co. Ltd. The newly built LNG carrier will be propelled by WinGD-manufactured, dual-fuel slow-speed diesel engines.Dual-fuel slow-speed…

30 Apr 2019

Höegh Autoliners Readies for IMO 2020

Photo: John Nilsen (Bunker Purchasing Manager), Håkon Kiil (Head of Business Analytics) and Geir Frode Abelsen (Head of Technical Operations)

Norwegian shipping company Höegh Autoliners AS is now preparing its fleet for the change in fuel, having chosen Very Low Sulphur Fuel Oil (VLSFO) and Low Sulphur Marine Gas Oil (LSMGO) for complying with IMO 2020.In the Bunker department, new bunker patterns are being planned for and in the commercial section, the new rules also require attention.IMO 2020 entails a great shift for the shipping industry and the preparations started long ago in Höegh Autoliners.Håkon Kiil, Head…

26 Jun 2019

First European Dual-Fuel Dredger Conversion

The ‘Samuel de Champlain‘ (picture courtesy Dragages-Ports)

Damen Shiprepair & Conversion has signed off on the conversion of a dredger to dual-fuel operation on liquefied natural gas (LNG) and marine gas oil (MGO), and which is powered by MAN 35/44DF engines.The conversion of the ‘Samuel de Champlain’ is the first of its kind in Europe and is part of an EU-supported initiative to promote LNG propulsion in short-sea vessels operating along the European Atlantic coast.The 117m, 8,500m³ trailing suction hopper dredger is owned by Rouen-based GIE Dragages-Ports and operated by Port of Nantes-Saint-Nazaire.

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.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News