‘There are uncertainties around every prospective fuel, building fuel flexibility into new vessels, or retrofitting older vessels – offers a hedge against these risks,’ says manager.
‘Despite large LNG tanks, comfort and safety onboard has been redefined, whilst maintaining speed expectations of traditional high-speed diesel engines,’ said Senior VP.
Advisory includes common deceptive shipping practices allegedly used by said countries and best practices for stakeholders to mitigate sanctions risk.
Advisory is issued ‘in the wake of unusually high volatility and negative pricing experienced in the May 2020 WTI’, signalling the possibility of a repeat as...
IEA forecasts demand from all vessel types will drop by 5% this year, with 6% and 3% year-on-year falls in the third and fourth quarters.
Company plans to complete the production of 80,000 mt of low sulfur marine fuel by June 2020 using the residue hydrotreating method which is more difficult,...
Other participants in the project include POSCO, EK Heavy Industries, MyTek, Valmax Technology, and Seoul Line; vessel delivery expected by 2021, it said.
Zhoushan is becoming the key port for bunker-only calls in China, where they plan to sell 7 million tons of bonded fuel via 11 suppliers in...
Sinopec’s bunker vessel Anshen 5 arrived at Anchorage Area No. 3 to supply 1,600 metric tonnes of low sulphur marine fuel for large tanker New Vista.
‘Low sulphur marine fuel produced by the company was exported smoothly after the government implemented the quota system to manage the process,’ said deputy manager.
