Asian Refiners Strive to Finish IMO Preparations
At SK Energy's largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month.In Japan, the country's second-biggest refiner Idemitsu Kosan Co is taking a more cautious stance, increasing capacity for low sulphur fuel oil (LSFO), but also relying on blending to produce IMO 2020 compliant bunker fuel.The different approaches…
Oil Stockpiling Builds Ahead of IMO 2020 Rules
S-Oil, South Korea's third-largest refiner, said on Wednesday that regional refining margins are expected to improve in the fourth quarter on the back of inventory build-up ahead of implementation of stricter rules on marine fuels in 2020.The refiner, whose top shareholder is Saudi Aramco, said in an earnings statement, strong demand for heating oil was also expected to support refining margins, along with the International Maritime Organization (IMO)'s stricter shipping fuel…
Two LNG Dual-Fuel DP Shuttle Tankers Unveiled
AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030, and halving CO2 emissions by 2050.These LNG Dual-Fuel DPSTs also emit 85% less SOx…
Methanol-Fueled Chem Tanker Delivered to NYK
Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine tech that allows the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative established to support environment-friendly projects.Takaroa Sun was built with the MAN Energy Solutions second-generation B&W ME-LGIM two-stroke dual-fuel engine that runs on both methanol and conventional marine fuel.
Shipping Sector Sets Course for Zero Carbon
Leading ports, banks, oil and shipping companies on Monday launched an initiative which aims to have ships and marine fuels with zero carbon emissions on the high seas by 2030, in another step by the maritime sector to reduce CO2.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.'s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050.Achieving this target will…
RENK Wins Order for Hybrid Drive “MARHY”
At the end of March 2019, the maritime sales team of RENK’s Rheine plant managed to win its first new construction project for the maritime hybrid system called MARHY. This system enables ships with 2-stroke engines to efficiently generate on-board power supply by using the main engine (PTO-operation). In addition, a fully electric drive (PTH- operation) is available for zones with low emissions zones (port areas) and for emergencies.The newbuild is a 30,000 cbm LNG carrier owned by Knutsen OAS. It is equipped with a 6,00 kW strong 2-stroke main engine and is the first ofthis size.
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.
Wärtsilä to Equip Knutsen LNG Carrier
Wärtsilä said it will provide an integrated propulsion and cargo handling solution for a new 30,000-cubic-meter liquefied natural gas (LNG) carrier being built at the Hyundai Mipo Dockyard (HMD) in South Korea on behalf of Norway based Knutsen OAS Shipping.Under a 12-year long term charter, the vessel, expected to be delivered during the first half of 2021, will be operated by Knutsen and chartered to Edison S.p.A, an Italian energy services provider. It will be used to supply coastal LNG deposit terminals in Italy.The order with Wärtsilä was booked in January 2019…
Valmet to Supply Scrubber Systems to DSME
Finnish technology company Valmet Oyj will supply exhaust gas cleaning system (scrubber system) for seven new building container vessels, which will be built in South Korea by Daewoo Shipbuilding and Marine Engineering (DSME) for Korean Shipping company Hyundai Merchant Marine (HMM).The developer and supplier of technologies, automation systems and services said in a press release that the building container vessels are the largest in the world, over 23,000 TEU (Twenty-Foot Equivalent Unit) each.
Marine Lube Market: $5.9B by 2024
Marine lubricants market, which was above $4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed $5.9 billion by 2024.Asia Pacific marine lubricants market will record an annual growth rate of 4% over the 2016-2023, according to a new research report by Global Market Insights.Surging development in marine infrastructure across this region will augment the product demand. China, Japan, and South Korea are the prominent revenue contributors of the APAC region.
HHLA Transports Ship Propeller for Hyundai Supreme
Hamburger Hafen und Logistik AG (HHLA) loaded the biggest ship propeller in the world onto a vessel. The “HHLA IV” floating crane brought the gigantic 110-tonne object to the port of Waltershof, where it was hoisted onto the “Hyundai Supreme” container ship.It was the most powerful ship propeller to have ever been lifted by the hook of a HHLA floating crane. Although HHLA regularly loads the specialised products of Mecklenburger Metallguss GmbH (MMG) onto ships in Hamburg, the latest propeller…
Scrubbers Market to Surpass $8 Bln by 2024 -Report
The market for marine exhaust gas cleaning systems, also known as scrubbers, is expected to continue generating momentum in the years ahead amid increasing concern toward maritime pollution and new environmental regulations. The global market share for marine scrubbers is predicted to surpass $8 billion by 2024, according to a report by Global Market Insights.As per the latest International Maritime Organization (IMO) legislation, effective from January 1, 2020, the maximum limit of sulphur in fuel oil used on board ships will be 0.5 percent m/m…
The Switch Scores Its Largest Marine Contract to Date
advanced drive train technology specialist Yaskawa Environmental Energy / The Switch said it has signed a contract to provide 16 DC-Hubs and 32 frequency converters for a innovative new shuttle tanker concept developed by Teekay and Wärtsilä.The four tankers will be built by Samsung Heavy Industries in South Korea, with Yaskawa Environmental Energy / The Switch set to begin deliveries to Wärtsilä in September 2018.The agreement is the biggest marine contract for Finnish-headquartered Yaskawa Environmental Energy / The Switch since entering the segment in 2013.
First of Six New LNG Carriers Delivered to BP
BP Shipping has taken delivery of British Partner, the first of a half dozen new 173,400 cubic meter capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea.BP Shipping, which launched a fleet rejuvenation program in 2016 that includes 32 new vessels for delivery over a three-year period, says the six new Partnership class ships will increase its ability to transport LNG in emerging new markets, such as Pakistan, Jordan, Egypt and Bangladesh, in addition to established markets, such as India, China, the U.S.
Distributors Gather Ahead of Diesel Outboard Launch
Cox Powertrain has completed two distributor conferences which have taken place ahead of the much-anticipated launch of the world’s highest power density diesel outboard, the CXO300. Marine engine specialists from all corners of the globe came together at two separate country events to learn about the engine’s final concept and discuss plans for the product launch.Attending the conference in Miami, U.S., which hosted eight North American distributors, as well as representatives from Cox‘s distributors in China…
Kongsberg Completes 10,000th AutoChief Propulsion Control System FAT
The 10,000th Factory Acceptance Test (FAT) for Kongsberg Maritime’s AutoChief propulsion control system took place at Kongsberg Maritime Korea in Busan on Friday, April 27. The AutoChief 600 system tested will be installed on a new LEG carrier featuring a 2-stroke MAN B&W engine being built at Hyundai Mipo Dockyard (Hull 8258), for owner Solvang ASA. HHI-EMD, HMD and Solvang were represented at yesterday’s FAT alongside experts from Kongsberg Maritime in Norway and Korea.From…
Cox Powertrain Appoints Asian Distributor
British diesel outboard manufacturer Cox Powertrain has signed an agreement with SoungJin Marine Co. Ltd. to act as distributor for its 300hp diesel outboard engine in South Korea.SoungJin Marine Co. Ltd has over 30 years‘ in distributing outboard motors and boat accessories. The South Korean company is the first Asian distributor to be confirmed by Cox Powertrain."We are delighted to have secured the contract and becoming the first Asian distributor for the most innovative diesel outboard engine in the world," said SoungJin Marine Co.
Singapore's Bunker Market Rallies
The Singapore fuel oil market has rallied this week as inventories have dropped at the same time that some supplies in the region do not meet the standards for use as shipping fuel, further reducing the amount of supply available, five trade sources said.Cash premiums for 380-centistoke fuel oil, which is primarily sold for ship fuel, known as bunker fuel, have soared this week to the highest since May 2017. The premium of the prompt-month swap for the fuel over the second-month swap has jumped to the highest since October…