Bomin Takes the Lead Supplying IMO-compliant Marine Fuel
Germany-based Bomin Group has started delivering ultra-low sulphur fuel oil (ULSFO) as a marine fuel to ships calling in the Amsterdam-Rotterdam-Antwerp region, the company said. The ULSFO marine fuel has a maximum 0.1 sulphur content and complies with regulations on designated Emissions Control Areas (ECAs)as well as the International Maritime Organization's (IMO) global sulphur cap in 2020. Coming IMO rules will slash the amount of sulphur emissions that ships worldwide are allowed to burn from 3.5 to 0.5 percent by 2020.
High-sulphur Fuel Demand Outlook Jumps as Shippers Soften Stance on Scrubbers
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…
China Adds More Ports to Its Low Sulphur ECAs
China has expanded its Emission Control Area (ECA) regulations to include ships berthing at six additional ports, bringing the total number of key ports in the country’s ECA to 11. With the new rules, effective from January 1, 2017, China is now requiring ships to burn bunker fuel with a maximum sulphur content of 0.5 percent when berthing at six additional key ports: Guangzhou, Huanghua, Qinhuangdao, Tangshan, Tianjin and Zhuhai, extending from five ports that have implemented the regulation in 2016.
Maersk to Install Scrubbers on Select Vessels Ahead of 2020
A.P. Moller-Maersk, the world's biggest container shipping group, will add devices to reduce harmful exhaust emissions to some of its ships ahead of new global fuel regulations starting in 2020.To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to cap the sulphur content in marine fuels, known as bunkers, at 0.5 percent down from 3.5 percent now.Shipowners could meet the new regulations by installing sulphur-stripping exhaust cleaning systems…
Maersk Tankers Tests Wind Power to Fuel Ships
Maersk Tankers is testing the use of wind power to fuel its ships, a new technology it says can cut fuel consumption by up to 10 percent and help the industry reduce polluting emissions.The move comes as the global shipping industry is suffering from rising oil prices and preparing for fuel costs to rise further by around a quarter, or some $24 billion, in 2020 when new rules limiting sulphur kick in.The company has installed two 30-metre tall metal cylinders on board the Maersk Pelican, a Long Range 2 (LR2) product tanker vessel.
Odfjell Says It Will Not Install Scrubbers
Chemical tanker firm Odfjell said it will not invest in scrubbers to clean fuel on its vessels to comply with new stricter emission rules from 2020 but instead buy fuel which meets the new standards.To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to cap the sulphur content in marine fuel, known as bunkers, at 0.5 percent, down from 3.5 percent now.Shipowners can either install scrubbers, which clean the cheaper high sulphur fuel oil, or buy costlier marine gasoil."Our conclusion for the moment is that it do
More Ships Adding Scrubbers ahead of 2020
An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels will continue to burn a sizable amount of fuel oil once new sulphur regulations for the fuel go into effect, Vienna-based consultancy JBC Energy said on Tuesday.Ships installed with exhaust gas cleaning systems, known as scrubbers, are expected to burn 600,000 barrels per day (bpd) of high-sulphur fuel oil (HSFO) in 2020 when the new rules from the International Maritime Organization (IMO) start…
New Fuel Rules Push Shipowners to Go Green with LNG
Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions. This will be enforced…
Genoil Signs MOU for LSFO Collaboration with Bomin
Genoil Inc, (GNOLF) announced the signing of a Memorandum of Understanding (MOU) with the Bomin Group. The MOU sees the two companies confirm their mutual intent to provide a framework, which will aim to develop a co-operation agreement to supply the market with compliant low sulphur products, utilising Genoil’s technology, in conjunction with Bomin’s global physical supply and storage infrastructure. Genoil’s proprietary technology, the Hydroconversion Upgrader (GHU), converts heavy crude oils and refinery residual products into cleaner, lower emission energy.
Op/Ed: Shiphandlers Beware
Was the closing of the Houston Ship Channel for over three days in March 2015 due to the use of Ultra Low Sulphur Fuel Oil (ULSFO)? After reviewing the testimony, and evidentiary material presented by the National Transportation Safety Board (NTSB) regarding the 2015 Conti Peridot’s collision with the Carla Maersk, it is the authors' opinion the report fails to address significant contributing factors. The NTSB has overlooked a serious threat to vessel operations throughout the world.
GHU: Fast ROI for Existing Bunker Port Installations
Genoil Inc, (GNOLF), the publicly traded clean technology engineering company for the petroleum industries, has announced compelling economics for the Genoil Hydroconversion Upgrader (GHU), for installations where there is existing infrastructure. The GHU can be built alongside existing refinery infrastructure in major bunkering hubs rather than incurring the costs to develop and build all new infrastructure. The GHU unit costs between $30 million and $80 million to install per one million tons per year of capacity.
LUKOIL Marine Cylinder Oil Approved by MAN and WinGD
Ready for the 2020 sulphur cap? There is a big change in fuels ahead of us and the fuel suppliers are busy looking into several options. However, regardless of whether de-sulphurisation, MGO or distillate blends or any predominantly hydrocarbon blend with a maximum of 0.5 percent sulphur content or a 0.1 percent limit in ECA - “We are ready,” said Stefan Claussen, Technical and Marketing Director of LUKOIL Marine Lubricants. In order to offer the best possible lubricant solutions in the years leading up to 2020 and beyond…
Shell Mulls Refinery Upgrade to Meet 2020 Sulphur Rules
Royal Dutch Shell is considering expanding the capacity of one of its German refineries to make oil products that meet an upcoming cap on the sulphur content of fuels used in shipping. In the past few days, Rheinland refinery representatives met local officials and environmental groups to present preliminary plans for an investment at the plant's 140,000-barrels-per-day Wesseling site, Shell said on the refinery's website. Shell is considering "a modernization of the residue processing unit at Rheinland refinery and to enhance the desulphurisation plant there"…
OW Bunker Installs Coriolis Flow Meters
Company continues roll-out of measurement technology across global fleet to provide customers with accuracy in supply. OW Bunker hasannounced that it has installed a Coriolis Flow Meter on one of its refueling barges in Rotterdam. OW Bunker is the first independent physical fuel distributor to use the technology when supplying customers in the region, as it looks to ensure increased accuracy in measuring the quantity of product delivered. The new technology will be subjected to a rigorous trial period before being offered as a standard feature to customers refueling in Rotterdam.
New Fuel Rules Could Prompt Gasoil Price Spike
New fuel rules for ships entering low sulphur zones around northwest Europe and North America next year could trigger a price spike in European gasoil, whilst refiners will struggle to offload unwanted fuel oil. From January 2015, ships entering "Emission Control Areas" (ECAs) in the Baltic, North Sea and English Channel and around the North American coast, will have to switch from low sulphur fuel oil (LSFO) with 1 percent sulphur content to 0.1 percent gasoil, in a crackdown on marine pollution.
Asia Fuel Oil: 380-cst cash premium rises 76 percent
The cash premium of the benchmark 380-cst fuel oil grade firmed for the fourth straight session on Wednesday, underpinned by lower supply in the region in early April. The 380-cst cash premium rose 76 percent or close to $1 a tonne to a two-week high of $2.22 a tonne, Reuters data showed. this period has provided some support for the 380-cst market. Around 4.17 million tonnes of fuel oil will arrive in April from the West, of which only an estimated 950,000 tonnes or just 20 percent of the total, will make a landfall in the first 10 days of the month, Reuters reported earlier.
OW Bunker, Genoil Partner for Low Sulphur Fuel Oil
OW Bunker, a physical distributors and resellers of marine fuels, today announced that it has signed a Memorandum of Understanding (MOU) with Genoil, the global engineering technology development company. The relationship has been established to build a facility that can produce 0.1% low sulphur fuel oil, and provide ship owners and operators with the opportunity to buy a cheaper product than distillates that still meets ECA compliance regulations. As part of the agreement, Genoil will finance the building of a Hydroconversion Upgrading System (GHU) within Europe.
Shipping Fuel Costs to Spike 25% on Sulphur Cap
Costs to rise from roughly $100 bln today; just 2 pct of global fleet to have scrubbers in 2020. Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick in, consultants Wood Mackenzie said on Wednesday. The ballooning costs will come as the change in regulations forces a portion of the world's fleet to switch to lower sulphur, but higher cost, fuels such as marine gasoil (MGO) and ultra low sulphur fuel oil. The…