Oil Consumption News

30 Oct 2019

Mobilgard for Plug-In Hybrid Vessel

Photo: ExxonMobil

ExxonMobil is supplying Mobilgard ADL 40 engine oil for Color Hybrid, Color Line’s latest addition to its fleet of ferries. The vessel is the world’s largest plug-in battery hybrid ship and was recently named ‘ship of the year 2019’ by Nor-Shipping.The vessel, which is already in service between Sandefjord, Norway, and Strömstad, Sweden, is capable of carrying 2,000 passengers and 500 cars. It combines four conventional Rolls-Royce Bergen B33:45L in-line diesel engines with electric…

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…

18 Oct 2019

Interview: Tore Morten Olsen, President Maritime, Marlink

“When the human element is considered, securing networks from cyber-attack is incredibly challenging.   Reducing human interaction with on board networks and computers by deploying a more standardized IT environment can minimize risks.”
-- Tore Morten Olsen, President Maritime, Marlink

Tore Morten Olsen, President Maritime, Marlink, discusses the pace and direction of high speed comms in maritime.Using metrics of your choice, put in perspective where we are today in terms of getting shipowners to adopt high speed communication solutions.The term broadband has been used in the maritime industry for at least a decade and if we are to follow the FCC’s definition which was upgraded to 25mbps from 4mbps (download) in 2015, then those high speed internet services are nothing of the sort.However, everything is relative.

17 Oct 2019

EU/IMO Global Project Drives Energy Efficiency

Photo: IMO

The GMN global network of maritime technology cooperation centers has completed numerous pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime…

05 Sep 2019

MAS Integrates Fuel Monitoring System Onboard

Aquarius MAS fuel oil consumption and emissions display onboard MV Panamana. Image: Eco Marine Power

Japanese  marine renewable energy technology company Eco Marine Power (EMP) has  taken another step forward towards creating its multi-vendor platform for onboard ship systems by completing the integration of its Aquarius Management & Automation System (MAS) with the onboard fuel monitoring system installed on the large general cargo ship, MV Panamana, owned by Singaporean carrier Masterbulk."This world first was achieved in cooperation with KEI System Co. Ltd. (Japan) and Hoppe Marine GmbH (Germany) with additional technical services provided by Zeaborn Ship Management (Singapore) Pte.

05 Aug 2019

K Line Wins AIP for New LNG-Fuelled Vessel

Pic: K Line

Japanese shipping major Kawasaki Kisen Kaisha (K Line) and the shipbuilding and repairing company Namura Shipbuilding have jointly received an Approval in Principle (AIP) for the concept design of an LNG-fueled ore carrier from DNV GL."Work on this joint project for the development of an LNG-fueled ore carrier has complied with both environmental and actual operation requirements as follows, based on the second generation WOZMAX of Namura Shipyard," said a press release from the provider of container…

21 Jun 2019

BIMCO: VLCC Freight Rates from Gulf to China Doubles

Chart: BIMCO

VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD 25,994 per day on June 20, their highest level since March and significantly above the May average of USD 9,979 per day.Despite this increase, freight rates on this route only narrowly exceeds the daily break-even costs of a VLCC…

05 Jun 2019

ExxonMobil Launches Mobilgard M420

Photo: ExxonMobil

ExxonMobil has announced it has added Mobilgard M420 to its range of advanced marine lubricants.Mobilgard M420 is a 20 BN oil that has been rigorously tested specifically for use in medium speed engines using fuels that comply with the International Maritime Organization’s (IMO) global 0.50 percent sulphur cap. The lubricant has received No Objection Letters from leading engine builders, including MAN ES and Wartsila.With the marine fuel landscape changing in the lead up to 2020, Mobilgard M420 has been formulated for use on vessels running on 0.50 percent or 0.10 percent sulphur fuels.

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…

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.

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.

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…

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…

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…

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.

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…

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…

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…

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…

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…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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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