Fuel Futures: Diesel Will Spike on IMO2020
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.
ExxonMobil Launches Mobilgard M420
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.
Chevron Readying IMO-Compliant Fuel
Chevron plans to bring an IMO-compliant 0.5% sulphur shipping fuel blend to the market by the end of the third quarter, a company representative said on Wednesday.Ships will be required to use fuels with a sulphur content of no more than 0.5% from the start of 2020, down from 3.5% currently, under International Maritime Organization (IMO) rules aimed at cutting air pollution."If the shipping company is willing to try it out now we can make it available, but not for continuous purchase," Chevron Fuels Technologist Monique Vermeire told Reuters at an industry conference."I think it will be avail
Cummins Tech for IMO Tier III
Cummins Inc. revealed today the company’s solution for the impending start of International Maritime Organization (IMO) Tier III emission regulations, using proven Tier II engine technology and adding a Selective Catalytic Reduction (SCR) aftertreatment system. A unique feature will allow the ship’s crew to manually “pause” the SCR system whenever operating outside of a controlled emission area, thus reducing DEF usage and expenses for a lower cost of operation.The dual-tier strategy has another significant benefit…
Volvo Penta Launches IMO Tier III D8 Engine
Designed for heavy duty propulsion and genset applications, Volvo Penta has revealed a D8 engine and after treatment system that meets the International Maritime Organization (IMO) Tier III at the Nor-Shipping international exhibition and conference in Norway.Volvo Penta is launching a new D8 engine and after-treatment concept to comply with the International Maritime Organization (IMO) Tier III standards. The IMO Tier III regulation will stipulate a reduction in nitrogen oxides (NOx) emitted of around 75 per cent – depending on engine size – when compared to current IMO Tier II levels.
Bunker Fuel Mkt to Reach $273bln by 2025
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…
World-First: Hydrogen-powered Push Boat
A new vessel being built to operate along the Rhône river in France will be the world's first push boat to run entirely on hydrogen fuel cells.The newbuild for the France-based Sogestran Group subsidiary Compagnie Fluviale de Transport (CFT) is due for delivery in 2021 and will feature a fuel cell based power and propulsion solution from ABB through its role in FLAGSHIPS, the EU-funded initiative to deploy commercially operated zero-emission vessels for inland and short sea operations.
Shipping to Halve Carbon Footprint by 2050
The world's principal shipping organisation, representing around 80% of the world’s merchant tonnage, International Chamber of Shipping (ICS) remains confident that shipping will improve its carbon efficiency by at least 40% by 2030 compared to 2008, in line with the UN International Maritime Organization (IMO) targets to reduce greenhouse gas (GHG) emissions. This follows important decisions made by the IMO Marine Environment Protection Committee (MEPC 74) which met in London this week…
Marine Fuel Rules to Disrupt Markets for 1-5 years
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.
IMO 2020: Total Lubmarine 'Road Show' in NYC
On Thursday, May 9, 2019, Total Lubmarine brought its "Total Global Sulfur Cap Forum" to New York City, a meeting including of Total Lubmarine business and technical executives and shipowners.The event, held aboard the historic Aircraft Carrier Intrepid Museum, gathered a full-house of local shipowners, and New York was the sixth stop on an 11 city world 'road show' of the forum to deliver insight on the soon-to-be-implemented fuel rules from the International Maritime Organization (IMO)…
All-Electric: ABB Powers Niagara Tourist Boats
Niagara Falls tour operator Maid of the Mist orders two new passenger vessels sailing on pure electric power, enabled by ABB’s technologyVisitors to the iconic Niagara Falls will soon be able to experience one of the USA’s top landmarks emission-free. Two new Maid of the Mist passenger vessels will be powered entirely by high-capacity battery packs, becoming the first all-electric vessels ever built in the US.The new vessels will benefit from ABB’s zero-emission technology when they start operating later this year…
Diesel Traders: Shortage is Coming
Gasoil traders expect the middle distillates market to stay well supplied until almost the end of 2019 before swinging into deficit with the introduction of new maritime fuel regulations.Calendar spreads for low-sulphur gasoil delivered to Europe's Amsterdam-Rotterdam-Antwerp hub are currently in contango through until October before shifting to backwardation from November onwards.In futures markets, contango structures, where future contract prices are higher than front-month prices, are associated with expectations of adequate or rising inventories.
IMO 2020: Total Plans NY Event
As the IMO 2020 Global Sulfur Cap draws nearer, confusion among shipowners remains. To help inform, experts from Total Lubmarine and Total Marine Fuels Global Solutions (TMFGS) are embarked on a global conference tour, with the next event coming soon to New York City on board the USS Intrepid, which now serves as a museum and a coveted event space.Following a series of successful events in Europe during March, Total Lubmarine and Total Marine Fuels Global Solutions (TMFGS) will be visiting industry professionals in the U.S.
WinGD: Strong 1Q 2019
As the clock ticks toward January 1, 2020 and the implementation of strict new emission regulations from the International Maritime Organization, WinGD is reporting a solid order intake for the first quarter of 2020 for their low-pressure, dual-fuel two-stroke engines, powered by a newbuild order spree of LNG carriers specifying WinGD’s XDF engines. In addition, WinGD reports a broadening range of vessel types are selecting dual fuel solutions, including Chemical & Crude Oil Tankers, Asphalt Carriers and Container Feeders.
New Pumps for Exhaust Gas Cleaning Systems
To curb global marine and air pollution, stricter limits on the sulphur dioxide content of marine exhaust gases stipulated by the EU and IMO (International Maritime Organization of the UN) will apply from 2020. From an engineering point of view, this can be achieved by using natural gas or fuels with a low sulphur content, and by cleaning the exhaust gases with a scrubber.For on-board exhaust gas cleaning systems KSB ITUR Spain S.A., a KSB Group company of located in Zarautz,…
IMO 2020: Exxon Mobil Projects 25% Decline in High-Sulfur Fuels
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.
CMA CGM Boxship Refuels with Bio-Fuel
Previously announced IKEA, CMA CGM, GoodShipping Program and Port of Rotterdam pilot celebrates milestone moment in industry-first partnership.IKEA Transport & Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam announced the successful refueling on Saturday, March 23 of the CMA CGM White Shark with sustainable marine bio-fuel oil.The test, which represents a major step for the decarbonization of ocean freight, saw the companies work together in a first-of-its-kind partnership for the shipping industry.
Wärtsilä to Design, Equip Arctic Vessel
Wärtsilä won the contract to design a multipurpose transport vessel that will operate in Antarctic waters. Wärtsilä will also provide the vessel with a comprehensive package of integrated propulsion and hybrid solutions to ensure highly efficient and environmentally sustainable operations. The ship has been ordered by Norway-based Aker BioMarine and will be constructed in China, at CIMC Raffles. The ship design order with Wärtsilä was booked in December 2018, while the order for the integrated solutions package was booked in March 2019.The 168 meters long…