Oil Consumption News

15 May 2019

Jan De Nul Launches Low Emission Vessel

Photo: Jan De Nul Group

Jan De Nul Group launched its fourth Ultra-Low Emission vessel last week in Singapore. It concerns the 6,000 m³ Trailing Suction Hopper Dredger Sanderus built at the Keppel Offshore & Marine shipyard.This green vessel is the first of two identical medium-sized hopper dredgers under construction at Keppel O&M’s shipyard in Singapore, fitted with a two-stage filtering technique for exhaust gases.In total, Jan De Nul Group designed six Ultra-Low Emission vessels (ULEvs) for its fleet: five Trailing Suction Hopper Dredgers and one Offshore Jack-Up Installation Vessel, the Voltaire.

14 May 2019

U.S. Urges Response "short of war" to Tanker Attack

The U.S. ambassador to Saudi Arabia said Washington should take what he called "reasonable responses short of war" after it had determined who was behind attacks on oil tankers off the coast of the United Arab Emirates.Iran was a prime suspect in the sabotage on Sunday although Washington had no conclusive proof, a U.S. official familiar with American intelligence said on Monday. Iran has denied involvement."We need to do a thorough investigation to understand what happened, why it happened, and then come up with reasonable responses short of war," Ambassador John Abizaid told reporters in the Saudi capital Riyadh in remarks published on Tuesday."It's not in (Iran's) interest…

13 May 2019

Saudi Tankers Among Those Hit off UAE Coast

The VLCC MJAD, reported by Reuters as one of the vessels attacked. CREDIT: MarineTraffic.com / © piet verspui

Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine the security of crude supplies amid tensions between the United States and Iran.The UAE said on Sunday that four commercial vessels were sabotaged near Fujairah emirate, one of the world's largest bunkering hubs lying just outside the Strait of Hormuz, but did not describe the nature of the attack or say who was behind it.The UAE had not given the nationalities or other details about the ownership of the four vessels.

15 Apr 2019

Thorco Invests in Navis

Image: Navis

Copenhagen-based Thorco Projects has selected Navis’ Bluetracker solution to monitor and analyse the fuel consumption and vessel performance of its own and chartered vessels. Navis is a provider of maritime software solutions for efficient and compliant cargo and vessel performance.Bluetracker One’s Charter Monitor module will enable Thorco to monitor the operational speed versus fuel oil consumption in compliance with the agreed terms of the charter party.The specialist in global project shipping operates one of the world’s largest multi-purpose fleets…

22 Mar 2019

d’Amico Bullish on Product Tanker Market

Image: d'Amico International Shipping

The outlook on the product tanker market is very positive, said Paolo d’Amico, Chairman and Chief Executive Officer of d’Amico International Shipping .On the demand side, the world product seaborne trade is expected to grow by 3% already in 2019 supported by an expected strong underlying oil consumption growth and by forecasted global refinery capacity additions of 4.9 million barrels a day between 2019 and 2021, he pointed out.In particular, 2019 is expected to be characterized by one of the largest annual increases in refinery capacity in years…

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…

01 Feb 2019

K Line Deploys “Corona Youthful” Bulker

"K” LINE's newest vessel to deploys Binary Cycle Power Generation System and will starts the onboard trial.“K” LINE announced that one of its new 91,000-DWT-type coal carriers, “CORONA YOUTHFUL,” was delivered with a binary cycle power generation system developed by KOBE STEEL, LTD. at OSHIMA SHIPBUILDING CO., LTD. on 1 February 2019 with operational trial having commenced in order to confirm performance and durability at sea as joint research between KOBE STEEL and “K” LINE.Binary…

01 Feb 2019

Product Tanker Market Looks Up

Image: Capital Product Partners L.P.

The product tanker market registered a robust recovery in the fourth quarter of 2018, partially reversing the downward trend observed in the first nine months of the year, said Capital Product Partners.The Marshall Islands' tanker company said in a stock exchange annoucement that the beginning of the quarter was weak in line with the previous quarters, as rates hovered close to historically low levels, but the market gained momentum from early November onwards.In the West, the…

24 Dec 2018

Iran Ready to Respond, but U.S. Aircraft Carrier no Threat

Iran said on Monday it was ready to respond to any hostile U.S. action, but it did not consider the arrival of a U.S. aircraft carrier in the Gulf last week as a significant threat.The USS John C. Stennis entered the Gulf on Friday, ending a long absence of U.S. aircraft carriers in the region as tensions rise between Tehran and Washington."The presence of this warship is insignificant to us," Iran's Navy commander Habibollah Sayyari was quoted as saying by the semi-official ISNA news agency."We will not allow this warship to come near our territorial waters in the Persian Gulf," he added.Sayyari said the U.S. navy was allowed to sail in international waters near Iran, just as the Iranian navy could sail in the Atlantic Ocean near U.S.

04 Dec 2018

Fitch Ratings: Demand Risks Weigh on Global Shipping Sector Outlook

File Image of the port of Hong Kong / CREDIT Adobestock © Marco 2811

The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings says. Higher fuel costs and sulphur regulation will also put pressure on shippers.Partly offsetting an unfavourable environment are emerging signs of better capacity management by shipping companies, which is key to a sustainable balance and freight rates that support consistent profitability. We expect better fundamentals in container and dry bulk…

16 Nov 2018

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.

25 Sep 2018

Kongsberg to Equip New Heavy Lift Crane Vessel

Photo: Kongsberg

Kongsberg Maritime has secured a contract worth approximately $13 million to equip a new heavy lift crane vessel for Offshore Heavy Transport (OHT) with an innovative technology suite. The vessel, a customized Ulstein Design & Solutions BV design, marks the entry of the Norway-based Offshore Heavy Transport (OHT) into the offshore renewables and installation market. Options exist for a further three vessels, but the first is currently under construction by China Merchants Heavy Industry (CMHI) and is scheduled to enter service in 2021.The 216.3m…

20 Sep 2018

MAN Propulsion for 7 Russian Factory Trawlers

(Image: MAN Energy Solutions)

MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new 109-meter factory trawlers for the Russian Fishery Company (RFC).The series’ lead vessel will be built by Tersan shipyard in Yalova, Turkey for scheduled delivery in July 2020. The following six identical vessels will be constructed in Russia.The configuration of the newbuilding’s propulsion system features a MAN 14V32/44CR main engine (delivering 8,120 kW), a MAN Alpha VBS 1260 propeller…

09 Sep 2018

CMA CGM Inaugurates Antoine de Saint Exupery

Photo from CMA CGM Twitter Page

French shipping group CMA CGM inaugurated its new flagship vessel 20,600 TEU-containership CMA CGM Antoine De Saint Exupery in Le Havre, France.Two French ministers, Bruno Lemaire (Economy) and Elisabeth Borne (Transport) were present for the event.Delivered last January 26 by Philippine shipyard Hanjin Heavy Industries & Construction Philippines of Subic Bay, the vessel is one of the largest container ships in the world. At 400-meters long by 59-meter wide, the vessel has the capacity to carry 20…

05 Sep 2018

Rolls-Royce Launches New LNG Bergen Engine

(Image: Rolls-Royce)

Rolls-Royce has unveiled the Bergen B36:45 model, its latest in a series of liquefied natural gas (LNG) fueled marine engines, at the SMM maritime exhibition in Hamburg.Power output of the LNG-fueled B36:45 engine is identical to that of the liquid-fueled B33:45 at 600kW per cylinder at 750 rpm. Specific energy consumption is a low 7300kj/kWh mechanical ISO including two engine driven pumps; specific lubricating oil consumption is less than 0.4g/kWh.The B36:45 is available in six, eight and nine-cylinder in-line configurations.

04 Sep 2018

Shell Marine Discusses Engine Protection Beyond 2020

Joris Van Brussel, General Manager of Shell Marine (Photo: Shell Marine)

Marine lubricant choices to address International Maritime Organization (IMO) restrictions on the fuels used by ships from 2020 must be based on verifiable cylinder oil performance data and engine testing to cover all operating conditions, according to the new General Manager of Shell Marine, Joris Van Brussel.Based in Singapore, Joris has gained experience across Shell’s fuels, lubricants and renewables businesses worldwide, with roles in licensing, branding and retail activities…

23 Aug 2018

Kongsberg to help outfit Awilco Rig

Photo: Kongsberg Maritime

Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC. The contract is valued at around $18 million. Based on the Moss Maritime CS60 ECO MW design, Awilco Drilling’s new rig is designed for harsh environment use, and will be equipped and certified for drilling on the Norwegian Continental Shelf…

22 Aug 2018

New Gensets for De Beers’ Diamond Mining Vessel

Mining vessel Debmar Pacific departing from Cape Town, outfitted with new Wärtsilä gensets (Photo: Wärtsilä)

Wärtsilä and De Beers Marine have signed an agreement for the replacement of generating sets aboard De Beers’ diamond mining ship Debmar Pacific. The vessel, originally built in the 1970s, will be outfitted with new Wärtsilä gensets to extend its lifetime and improve reliability.Debmar Pacific is engaged in diamond mining operations off the coast of Namibia. With modern gensets, the lifetime of the vessel is extended and its specific fuel oil consumption (SFOC) is reduced. In addition…

21 Aug 2018

High-sulphur Fuel Demand Outlook Jumps as Shippers Soften Stance on Scrubbers

© jcpjr / Adobe Stock

Demand for high sulphur marine fuels is likely to see a smaller drop than previously expected by 2020, said consultancy FGE, as changing attitudes to sulphur-stripping technologies from large shippers alter the outlook for use of the fuels.More than 2,100 vessels are now expected to be equipped with exhaust gas cleaning systems, known as scrubbers, by 2020, up from 1,500 ships previously, said Thomas Olney, energy consultant at FGE in Singapore.Adding to the improved demand outlook is "a much greater skew towards installing scrubbers on larger vessels that burn higher quantities of fuel…

23 Jul 2018

Wärtsilä Inks 10-year Maintenance Deal with Virgin Voyages

File photo - From left to right: Tom McAlpin, Virgin CEO and President; Sir Richard Branson, Founder Virgin; and Stuart Hawkins, Virgin SVP Marine and Technical at the rollout of the new name and logo for Virgin Voyages in 2017. (Photo: Wärtsilä)

Cruise line Virgin Voyages has assigned Wärtsilä the responsibility of the maintenance of its three brand new cruise ships due to enter service in 2020, 2021 and 2022.The comprehensive 10-year Optimized Maintenance Agreement, signed on April 30, 2018, gives extensive responsibility of maintenance to Wärtsilä, who will ensure that vessels are powered and operated reliably, efficiently and sustainably.Wärtsilä’s Dynamic Maintenance Planning allows maintenance operations to be carried out based on remotely monitored and analyzed real-time performance data.

18 Jul 2018

Jan De Nul’s Green Hopper Dredger Launched in China

Diogo CĂŁo (Photo: Jan De Nul Group)

The 3,500 m³ trailing suction hopper dredger (TSHD) Diogo Cão was launched last Saturday at the Keppel Nantong shipyard in China, a subsidiary of Keppel Offshore & Marine. The green vessel is the second of three 3,500 m³ hoppers to be launched, equipped with an exhaust gas treatment system filtering out and virtually eliminating many pollutants from the exhaust gases. In total, Jan De Nul Group ordered six such ultra-low emission TSHDs, called ultra-low emission vessels, five of which are being built at Keppel: three small 3…

02 Jul 2018

PISR, VERIFAVIA Enter Verification Service Agreement

Panos Kirnidis CEO Palau International Ship Registry (Photo:Image Line Communications)

Verifavia, an environmental verification, certification and auditing body for aviation and maritime transport and will work with Palau International Ship Registry (PISR) to provide IMO Data Collection System (DCS) verification services to Palau-flagged vessels. The DCS reporting process uses the method of reporting of fuel oil consumption. Verifavia will provide PISR vessels with a complete reviewed Data Collection Plan (DCP). They will be built-into the SEEMP Part II by December 31, 2018, allowing PISR to issue a Confirmation of Compliance to its fleet by May 31, 2020.

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…

Maritime Reporter Magazine Cover May 2019 - Propulsion Annual - Green Marine Tech

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.

Subscribe
Maritime Reporter E-News subscription

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

Subscribe for Maritime Reporter E-News